ADT Inc. (NYSE:ADT) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its stake in shares of ADT Inc. (NYSE:ADT) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,668 shares of the security and automation business’s stock after selling 1,639 shares during the period. Principal Financial Group Inc.’s holdings in ADT were worth $122,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Pacer Advisors Inc. boosted its holdings in ADT by 20.3% in the third quarter. Pacer Advisors Inc. now owns 30,941,509 shares of the security and automation business’s stock valued at $223,707,000 after purchasing an additional 5,222,972 shares during the last quarter. Geode Capital Management LLC boosted its holdings in ADT by 35.6% in the third quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business’s stock valued at $42,487,000 after purchasing an additional 1,543,677 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in ADT by 12.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,649,347 shares of the security and automation business’s stock valued at $33,615,000 after purchasing an additional 518,515 shares during the last quarter. State Street Corp boosted its holdings in ADT by 7.5% in the third quarter. State Street Corp now owns 6,597,684 shares of the security and automation business’s stock valued at $48,060,000 after purchasing an additional 457,918 shares during the last quarter. Finally, Bridgewater Associates LP boosted its holdings in ADT by 220.5% in the third quarter. Bridgewater Associates LP now owns 566,077 shares of the security and automation business’s stock valued at $4,093,000 after purchasing an additional 389,442 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ADT shares. 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 report on Thursday, December 12th. Royal Bank of Canada restated a “sector perform” rating and set a $9.00 price target on shares of ADT in a research report on Wednesday, January 29th.

ADT Stock Performance

Shares of ADT stock opened at $7.79 on Friday. ADT Inc. has a 52 week low of $6.10 and a 52 week high of $8.39. The firm has a 50 day moving average of $7.41 and a two-hundred day moving average of $7.32. The stock has a market capitalization of $6.82 billion, a PE ratio of 8.46 and a beta of 1.58. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.83%. ADT’s dividend payout ratio (DPR) is 41.51%.

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.