61,296 Shares in ADT Inc. (NYSE:ADT) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in shares of ADT Inc. (NYSE:ADT) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 61,296 shares of the security and automation business’s stock, valued at approximately $426,000.

A number of other institutional investors have also made changes to their positions in the stock. Geode Capital Management LLC boosted its position in shares of 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 purchasing an additional 1,543,677 shares during the period. BNP Paribas Financial Markets boosted its position in shares of ADT by 911.6% during the third quarter. BNP Paribas Financial Markets now owns 195,810 shares of the security and automation business’s stock worth $1,416,000 after buying an additional 176,454 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of ADT by 13.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,259,189 shares of the security and automation business’s stock worth $36,341,000 after buying an additional 609,842 shares during the period. JPMorgan Chase & Co. grew its stake in shares of ADT by 26.0% in the third quarter. JPMorgan Chase & Co. now owns 484,769 shares of the security and automation business’s stock valued at $3,505,000 after buying an additional 100,134 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of ADT by 46.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 130,838 shares of the security and automation business’s stock valued at $904,000 after buying an additional 41,682 shares during the period. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ADT shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $9.00 target price on shares of ADT in a research report on Wednesday, January 29th. Morgan Stanley lifted their price objective on shares of ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, Barclays upgraded shares of ADT from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $7.00 to $9.00 in a report on Friday.

ADT Stock Down 1.2 %

Shares of NYSE:ADT opened at $7.98 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The firm’s 50-day simple moving average is $7.72 and its 200-day simple moving average is $7.41. ADT Inc. has a fifty-two week low of $6.10 and a fifty-two week high of $8.39. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 8.67 and a beta of 1.58.

ADT Announces Dividend

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