Landscape Capital Management L.L.C. Takes $1.19 Million Position in ADT Inc. (NYSE:ADT)

Landscape Capital Management L.L.C. bought a new stake in shares of ADT Inc. (NYSE:ADT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 172,454 shares of the security and automation business's stock, valued at approximately $1,192,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in ADT by 20.6% during the fourth quarter. Vanguard Group Inc. now owns 44,555,115 shares of the security and automation business's stock worth $307,876,000 after purchasing an additional 7,610,709 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of ADT by 11.7% in the 4th quarter. Pacer Advisors Inc. now owns 34,574,011 shares of the security and automation business's stock worth $238,906,000 after buying an additional 3,632,502 shares in the last quarter. Norges Bank acquired a new stake in shares of ADT in the fourth quarter valued at $153,824,000. Geode Capital Management LLC boosted its stake in ADT by 17.0% during the fourth quarter. Geode Capital Management LLC now owns 6,876,443 shares of the security and automation business's stock valued at $47,529,000 after buying an additional 1,001,303 shares in the last quarter. Finally, State Street Corp grew its holdings in ADT by 7.5% during the third quarter. State Street Corp now owns 6,597,684 shares of the security and automation business's stock worth $48,060,000 after acquiring an additional 457,918 shares during the period. Institutional investors and hedge funds own 87.22% of the company's stock.

Analyst Ratings Changes

ADT has been the topic of several recent research reports. Morgan Stanley lifted their price target on shares of ADT from $8.50 to $9.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Barclays raised ADT from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $7.00 to $9.00 in a research report on Friday, April 4th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $9.00 price target on shares of ADT in a research report on Wednesday, January 29th.

ADT Stock Performance

ADT stock traded up $0.14 on Friday, reaching $7.83. 12,721,121 shares of the stock were exchanged, compared to its average volume of 7,477,186. The stock has a market cap of $6.86 billion, a PE ratio of 8.51 and a beta of 1.42. The firm has a fifty day moving average price of $7.73 and a two-hundred day moving average price of $7.44. ADT Inc. has a twelve month low of $6.10 and a twelve month high of $8.39. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93.

ADT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th were given a $0.055 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.22 annualized dividend and a yield of 2.81%. ADT's dividend payout ratio is 41.51%.

ADT Company Profile

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.