Cannon Global Investment Management LLC Purchases New Shares in ADT Inc. (NYSE:ADT)

Cannon Global Investment Management LLC purchased a new position in shares of ADT Inc. (NYSE:ADT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 38,500 shares of the security and automation business’s stock, valued at approximately $266,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of ADT by 20.6% in the fourth quarter. Vanguard Group Inc. now owns 44,555,115 shares of the security and automation business’s stock valued at $307,876,000 after acquiring an additional 7,610,709 shares in the last quarter. Fox Run Management L.L.C. bought a new position in ADT in the 4th quarter valued at $408,000. KLP Kapitalforvaltning AS purchased a new stake in shares of ADT during the 4th quarter valued at $426,000. Hillsdale Investment Management Inc. raised its stake in shares of ADT by 4.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 100,500 shares of the security and automation business’s stock worth $694,000 after purchasing an additional 4,400 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of ADT by 1,132.1% in the 4th quarter. Sei Investments Co. now owns 243,702 shares of the security and automation business’s stock worth $1,684,000 after buying an additional 223,922 shares during the last quarter. 87.22% of the stock is owned by institutional investors.

ADT Trading Down 0.3 %

Shares of ADT stock opened at $7.74 on Monday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. The stock has a market capitalization of $6.78 billion, a P/E ratio of 8.41 and a beta of 1.58. ADT Inc. has a 52-week low of $6.10 and a 52-week high of $8.39. The stock’s 50-day simple moving average is $7.53 and its 200 day simple moving average is $7.34.

ADT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Thursday, March 13th. ADT’s dividend payout ratio (DPR) is presently 41.51%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ADT shares. Morgan Stanley raised their price objective on shares of ADT from $8.50 to $9.00 and gave the stock 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 note on Wednesday, January 29th.

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.