Treasurer of the State of North Carolina Acquires 97,880 Shares of ADT Inc. (NYSE:ADT)

Treasurer of the State of North Carolina raised its holdings in ADT Inc. (NYSE:ADT - Free Report) by 77.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 224,624 shares of the security and automation business's stock after buying an additional 97,880 shares during the quarter. Treasurer of the State of North Carolina's holdings in ADT were worth $1,552,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. LSV Asset Management increased its position in shares of ADT by 5.1% during the 4th quarter. LSV Asset Management now owns 10,843,323 shares of the security and automation business's stock worth $74,927,000 after purchasing an additional 523,333 shares in the last quarter. DRW Securities LLC bought a new position in ADT in the 4th quarter worth approximately $399,000. Raymond James Financial Inc. acquired a new position in ADT during the 4th quarter worth $1,153,000. Renaissance Technologies LLC raised its position in shares of ADT by 553.8% during the fourth quarter. Renaissance Technologies LLC now owns 1,334,506 shares of the security and automation business's stock worth $9,221,000 after acquiring an additional 1,130,400 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of ADT by 21.3% during the fourth quarter. Invesco Ltd. now owns 1,521,242 shares of the security and automation business's stock worth $10,512,000 after acquiring an additional 266,696 shares during the last quarter. Institutional investors and hedge funds own 87.22% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on ADT. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $9.00 target price on shares of ADT in a research note on Monday. Barclays raised shares of ADT from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $7.00 to $9.00 in a research note on Friday, April 4th.

ADT Stock Up 3.1 %

Shares of NYSE:ADT traded up $0.24 during mid-day trading on Wednesday, reaching $8.09. 3,621,951 shares of the stock were exchanged, compared to its average volume of 7,740,204. The company has a market cap of $7.09 billion, a P/E ratio of 8.79 and a beta of 1.42. ADT Inc. has a one year low of $6.23 and a one year high of $8.39. The stock's 50 day simple moving average is $7.78 and its 200-day simple moving average is $7.47. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93.

ADT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.72%. ADT's dividend payout ratio is 41.51%.

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.