KLP Kapitalforvaltning AS Makes New $426,000 Investment in ADT Inc. (NYSE:ADT)

KLP Kapitalforvaltning AS acquired a new stake in shares of ADT Inc. (NYSE:ADT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 61,296 shares of the security and automation business’s stock, valued at approximately $426,000.

Several other large investors have also modified their holdings of ADT. Mirae Asset Global Investments Co. Ltd. purchased a new stake in ADT during the fourth quarter worth approximately $73,000. Magnetar Financial LLC acquired a new position in shares of ADT during the 4th quarter valued at $73,000. Chicago Partners Investment Group LLC purchased a new stake in ADT during the 4th quarter worth $74,000. Claro Advisors LLC acquired a new stake in ADT in the 4th quarter valued at $88,000. Finally, Sciencast Management LP purchased a new position in ADT in the fourth quarter valued at about $100,000. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

ADT Trading Down 1.2 %

Shares of NYSE ADT opened at $7.98 on Friday. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 8.67 and a beta of 1.58. The stock’s 50 day simple moving average is $7.72 and its 200 day simple moving average is $7.41. 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.

ADT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend was Thursday, March 13th. ADT’s dividend payout ratio (DPR) is 41.51%.

Analyst Ratings Changes

A number of research firms have recently commented on ADT. Morgan Stanley boosted their target price on shares of ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Barclays upgraded ADT from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $7.00 to $9.00 in a research note on Friday. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $9.00 price target on shares of ADT in a research report 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.