Caisse Des Depots ET Consignations Purchases New Shares in ADT Inc. (NYSE:ADT)

Caisse Des Depots ET Consignations purchased a new position in shares of ADT Inc. (NYSE:ADT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 379,980 shares of the security and automation business’s stock, valued at approximately $2,626,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in shares of ADT by 35.6% in 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 in the last quarter. 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 valued at $1,416,000 after purchasing an additional 176,454 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of ADT by 13.1% in the 4th 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 holdings in ADT by 26.0% in the third quarter. JPMorgan Chase & Co. now owns 484,769 shares of the security and automation business’s stock worth $3,505,000 after purchasing an additional 100,134 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in ADT by 46.8% during 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 in the last quarter. 87.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on ADT. Morgan Stanley lifted their target price on 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 reiterated a “sector perform” rating and set a $9.00 price target on shares of ADT in a research note on Wednesday, January 29th.

ADT Price Performance

Shares of ADT opened at $8.23 on Friday. ADT Inc. has a fifty-two week low of $6.10 and a fifty-two week high of $8.39. The company has a 50 day moving average price of $7.62 and a 200-day moving average price of $7.37. The stock has a market capitalization of $7.21 billion, a PE ratio of 8.94 and a beta of 1.58. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81.

ADT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Thursday, March 13th. ADT’s dividend payout ratio (DPR) is 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.