Boston Partners Sells 59,125 Shares of ADT Inc. (NYSE:ADT)

Boston Partners decreased its holdings in shares of ADT Inc. (NYSE:ADT) by 19.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 251,500 shares of the security and automation business’s stock after selling 59,125 shares during the quarter. Boston Partners’ holdings in ADT were worth $1,738,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of ADT by 35.6% in the third quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business’s stock valued at $42,487,000 after purchasing an additional 1,543,677 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of ADT by 911.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 195,810 shares of the security and automation business’s stock worth $1,416,000 after buying an additional 176,454 shares during the period. JPMorgan Chase & Co. grew its position in shares of ADT by 26.0% in the third quarter. JPMorgan Chase & Co. now owns 484,769 shares of the security and automation business’s stock valued at $3,505,000 after purchasing an additional 100,134 shares during the last quarter. 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 worth $904,000 after buying an additional 41,682 shares during the period. Finally, Charles Schwab Investment Management Inc. raised 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 worth $36,341,000 after purchasing an additional 609,842 shares in the last quarter. Institutional investors own 87.22% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ADT Price Performance

Shares of NYSE ADT opened at $7.74 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 debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. The firm’s 50-day simple moving average is $7.53 and its 200 day simple moving average is $7.34. The stock has a market cap of $6.78 billion, a price-to-earnings ratio of 8.41 and a beta of 1.58.

ADT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Thursday, March 13th. ADT’s dividend payout ratio (DPR) is currently 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.