Norges Bank Purchases New Shares in ADT Inc. (NYSE:ADT)

Norges Bank bought a new position in ADT Inc. (NYSE:ADT - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 22,261,031 shares of the security and automation business's stock, valued at approximately $153,824,000. Norges Bank owned 2.45% of ADT as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capstone Investment Advisors LLC bought a new position in shares of ADT during the 3rd quarter worth approximately $76,000. Chicago Partners Investment Group LLC bought a new stake in ADT during the fourth quarter worth about $74,000. Mirae Asset Global Investments Co. Ltd. bought a new position in ADT in the fourth quarter valued at approximately $73,000. Magnetar Financial LLC bought a new position in ADT in the fourth quarter valued at approximately $73,000. Finally, Claro Advisors LLC acquired a new position in shares of ADT during the 4th quarter worth approximately $88,000. 87.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ADT. Barclays upgraded shares of ADT from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $7.00 to $9.00 in a research note on Friday. Royal Bank of Canada reissued a "sector perform" rating and set a $9.00 price target on shares of ADT in a research report on Wednesday, January 29th. Finally, Morgan Stanley upped their price objective on ADT from $8.50 to $9.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th.

ADT Stock Performance

ADT traded down $0.10 on Friday, reaching $7.98. The company had a trading volume of 26,386,380 shares, compared to its average volume of 7,214,836. The stock has a market cap of $6.99 billion, a P/E ratio of 8.67 and a beta of 1.58. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. ADT Inc. has a fifty-two week low of $6.10 and a fifty-two week high of $8.39. The company's fifty day moving average is $7.72 and its 200 day moving average is $7.42.

ADT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th were given a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.76%. The ex-dividend date was Thursday, March 13th. ADT's 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.