ADT Inc. (NYSE:ADT) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC trimmed its position in shares of ADT Inc. (NYSE:ADT) by 11.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,727 shares of the security and automation business’s stock after selling 3,172 shares during the quarter. HighTower Advisors LLC’s holdings in ADT were worth $171,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC purchased a new stake in ADT in the 4th quarter valued at approximately $74,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of ADT in the fourth quarter valued at approximately $73,000. Claro Advisors LLC acquired a new position in ADT during the fourth quarter worth $88,000. Atria Investments Inc grew its stake in shares of ADT by 9.9% during the 4th quarter. Atria Investments Inc now owns 15,008 shares of the security and automation business’s stock worth $104,000 after purchasing an additional 1,358 shares during the period. Finally, KBC Group NV increased its holdings in ADT by 48.9% in the fourth quarter. KBC Group NV now owns 15,754 shares of the security and automation business’s stock valued at $109,000 after buying an additional 5,177 shares in the last quarter. 87.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on ADT. Royal Bank of Canada reissued a “sector perform” rating and set a $9.00 price target on shares of ADT in a research note on Wednesday, January 29th. Morgan Stanley boosted their target price on ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th.

ADT Stock Performance

Shares of ADT opened at $8.08 on Friday. ADT Inc. has a 12-month low of $6.10 and a 12-month high of $8.39. The stock has a market cap of $7.08 billion, a P/E ratio of 8.78 and a beta of 1.58. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. The company has a 50-day moving average of $7.71 and a two-hundred day moving average of $7.41.

ADT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 13th were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.22 annualized dividend and a dividend yield of 2.72%. ADT’s dividend payout ratio is currently 41.51%.

ADT Company 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.