Sanctuary Advisors LLC Grows Position in ADT Inc. (NYSE:ADT)

Sanctuary Advisors LLC boosted its stake in ADT Inc. (NYSE:ADT) by 64.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,670 shares of the security and automation business’s stock after buying an additional 13,925 shares during the quarter. Sanctuary Advisors LLC’s holdings in ADT were worth $246,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ADT. Creative Planning purchased a new stake in ADT in the 3rd quarter valued at $78,000. Private Advisor Group LLC purchased a new stake in ADT in the 3rd quarter valued at $159,000. International Assets Investment Management LLC purchased a new stake in ADT in the 3rd quarter valued at $157,000. New York State Teachers Retirement System raised its position in ADT by 12.9% in the 3rd quarter. New York State Teachers Retirement System now owns 26,674 shares of the security and automation business’s stock valued at $193,000 after buying an additional 3,054 shares during the last quarter. Finally, Atria Investments Inc purchased a new stake in ADT in the 3rd quarter valued at $99,000. 87.22% of the stock is owned by hedge funds and other institutional investors.

ADT Trading Down 1.4 %

Shares of ADT stock opened at $7.59 on Wednesday. ADT Inc. has a 1 year low of $6.10 and a 1 year high of $8.39. The firm has a market cap of $6.88 billion, a PE ratio of 8.24 and a beta of 1.50. The stock has a fifty day moving average price of $7.36 and a 200-day moving average price of $7.31. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64.

ADT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Thursday, March 13th. ADT’s dividend payout ratio is presently 41.51%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Morgan Stanley increased their price target on ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $9.00 target price on shares of ADT in a research report on Wednesday, January 29th.

ADT 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.