Prudential Financial Inc. grew its holdings in ADT Inc. (NYSE:ADT - Free Report) by 62.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 873,634 shares of the security and automation business's stock after acquiring an additional 335,050 shares during the period. Prudential Financial Inc. owned about 0.10% of ADT worth $6,037,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Capstone Investment Advisors LLC purchased a new position in ADT during the third quarter valued at $76,000. Chicago Partners Investment Group LLC bought a new position in shares of ADT during the 4th quarter valued at about $74,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ADT during the fourth quarter valued at about $73,000. Magnetar Financial LLC bought a new stake in shares of ADT in the fourth quarter worth about $73,000. Finally, Claro Advisors LLC purchased a new stake in shares of ADT in the fourth quarter worth about $88,000. 87.22% of the stock is owned by hedge funds and other institutional investors.
ADT Trading Up 2.7 %
Shares of ADT stock traded up $0.22 on Wednesday, reaching $8.38. The company had a trading volume of 15,754,073 shares, compared to its average volume of 7,052,775. The firm has a market cap of $7.35 billion, a price-to-earnings ratio of 9.11 and a beta of 1.58. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. The firm's 50-day moving average price is $7.67 and its two-hundred day moving average price is $7.40. ADT Inc. has a 1 year low of $6.10 and a 1 year high of $8.39.
ADT Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Thursday, March 13th. ADT's dividend payout ratio is currently 41.51%.
Analyst Ratings Changes
ADT has been the topic of several recent research reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $9.00 price objective on shares of ADT in a report on Wednesday, January 29th. Morgan Stanley upped their price target on shares of ADT from $8.50 to $9.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th.
Check Out Our Latest Report on ADT
About ADT
(
Free Report)
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.
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