Landscape Capital Management L.L.C. Makes New $1.19 Million Investment in ADT Inc. (NYSE:ADT)

Landscape Capital Management L.L.C. acquired a new stake in ADT Inc. (NYSE:ADT) in the 4th quarter, HoldingsChannel reports. The fund acquired 172,454 shares of the security and automation business’s stock, valued at approximately $1,192,000.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of ADT during the fourth quarter worth $153,824,000. Vanguard Group Inc. increased its holdings in ADT by 20.6% during the 4th quarter. Vanguard Group Inc. now owns 44,555,115 shares of the security and automation business’s stock worth $307,876,000 after purchasing an additional 7,610,709 shares during the period. Pacer Advisors Inc. raised its position in ADT by 11.7% in the 4th quarter. Pacer Advisors Inc. now owns 34,574,011 shares of the security and automation business’s stock valued at $238,906,000 after purchasing an additional 3,632,502 shares in the last quarter. Burkehill Global Management LP purchased a new position in shares of ADT in the 4th quarter valued at about $13,820,000. Finally, Geode Capital Management LLC grew its position in shares of ADT by 35.6% during the third quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business’s stock worth $42,487,000 after buying an additional 1,543,677 shares in the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

ADT Stock Down 1.2 %

Shares of NYSE:ADT opened at $7.98 on Friday. The firm has a 50 day simple moving average of $7.72 and a 200-day simple moving average of $7.42. ADT Inc. has a twelve month low of $6.10 and a twelve month high of $8.39. 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 market capitalization of $6.99 billion, a PE ratio of 8.67 and a beta of 1.58.

ADT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th were paid a $0.055 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.22 annualized dividend and a yield of 2.76%. ADT’s dividend payout ratio is presently 41.51%.

Analyst Ratings Changes

A number of brokerages recently issued reports on ADT. Morgan Stanley lifted their price target on shares of ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Barclays upgraded shares of ADT from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $7.00 to $9.00 in a research note on Friday. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $9.00 price target on shares of ADT in a research note on Wednesday, January 29th.

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.