Swiss National Bank Has $4.08 Million Holdings in ADT Inc. (NYSE:ADT)

Swiss National Bank boosted its position in shares of ADT Inc. (NYSE:ADT) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 590,021 shares of the security and automation business’s stock after purchasing an additional 5,500 shares during the period. Swiss National Bank’s holdings in ADT were worth $4,077,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Burkehill Global Management LP acquired a new position in shares of ADT during the 4th quarter worth approximately $13,820,000. Raymond James Financial Inc. acquired a new position in shares of ADT during the 4th quarter worth approximately $1,153,000. Atria Investments Inc raised its stake in ADT by 9.9% in the 4th quarter. Atria Investments Inc now owns 15,008 shares of the security and automation business’s stock valued at $104,000 after acquiring an additional 1,358 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of ADT by 12.9% during the 4th quarter. Victory Capital Management Inc. now owns 191,495 shares of the security and automation business’s stock worth $1,323,000 after buying an additional 21,880 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in 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 valued at $36,341,000 after purchasing an additional 609,842 shares during the period. 87.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

ADT Stock Performance

Shares of ADT stock opened at $8.19 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. ADT Inc. has a 12 month low of $6.10 and a 12 month high of $8.39. The firm has a market capitalization of $7.18 billion, a price-to-earnings ratio of 8.90 and a beta of 1.58. The business’s 50-day moving average price is $7.58 and its 200-day moving average price is $7.35.

ADT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Thursday, March 13th. ADT’s dividend payout ratio is currently 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.