Raymond James Financial Inc. Takes Position in ADT Inc. (NYSE:ADT)

Raymond James Financial Inc. acquired a new stake in shares of ADT Inc. (NYSE:ADT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 166,865 shares of the security and automation business's stock, valued at approximately $1,153,000.

A number of other hedge funds also recently added to or reduced their stakes in ADT. Pacer Advisors Inc. raised its stake in shares of ADT by 11.7% during the fourth quarter. Pacer Advisors Inc. now owns 34,574,011 shares of the security and automation business's stock worth $238,906,000 after purchasing an additional 3,632,502 shares during the last quarter. State Street Corp increased its stake in ADT by 7.5% in the 3rd quarter. State Street Corp now owns 6,597,684 shares of the security and automation business's stock valued at $48,060,000 after buying an additional 457,918 shares during the period. Geode Capital Management LLC raised its position in ADT by 35.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business's stock worth $42,487,000 after buying an additional 1,543,677 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of ADT by 21.4% in the 4th quarter. Bank of New York Mellon Corp now owns 5,464,151 shares of the security and automation business's stock worth $37,757,000 after acquiring an additional 961,785 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of ADT by 13.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,259,189 shares of the security and automation business's stock valued at $36,341,000 after acquiring an additional 609,842 shares in the last quarter. 87.22% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

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

ADT Price Performance

NYSE ADT traded down $0.26 during mid-day trading on Tuesday, hitting $7.52. The stock had a trading volume of 17,920,153 shares, compared to its average volume of 7,322,868. ADT Inc. has a 52-week low of $6.10 and a 52-week high of $8.39. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 8.17 and a beta of 1.42. The company has a 50 day simple moving average of $7.72 and a 200 day simple moving average of $7.42. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93.

ADT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th were issued a dividend of $0.055 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.22 annualized dividend and a yield of 2.93%. ADT's dividend payout ratio (DPR) is currently 41.51%.

About ADT

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.