Dimensional Fund Advisors LP Boosts Stake in ADT Inc. (NYSE:ADT)

Dimensional Fund Advisors LP increased its stake in shares of ADT Inc. (NYSE:ADT – Get Rating) by 3.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,023,743 shares of the security and automation business’s stock after buying an additional 155,155 shares during the quarter. Dimensional Fund Advisors LP’s holdings in ADT were worth $37,630,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ADT. Principal Financial Group Inc. lifted its position in ADT by 44.6% during the 1st quarter. Principal Financial Group Inc. now owns 15,328 shares of the security and automation business’s stock worth $116,000 after acquiring an additional 4,727 shares during the period. JPMorgan Chase & Co. raised its stake in shares of ADT by 136.8% in the first quarter. JPMorgan Chase & Co. now owns 313,398 shares of the security and automation business’s stock worth $2,379,000 after purchasing an additional 181,055 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of ADT by 13.3% during the first quarter. Raymond James & Associates now owns 501,863 shares of the security and automation business’s stock worth $3,809,000 after purchasing an additional 58,751 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in ADT in the first quarter valued at approximately $349,000. Finally, Great West Life Assurance Co. Can increased its holdings in ADT by 13.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 22,214 shares of the security and automation business’s stock worth $176,000 after buying an additional 2,584 shares during the period. 96.76% of the stock is owned by institutional investors and hedge funds.

ADT Stock Performance

Shares of ADT stock opened at $7.60 on Thursday. ADT Inc. has a 52-week low of $6.00 and a 52-week high of $10.10. The company has a quick ratio of 0.35, a current ratio of 0.51 and a debt-to-equity ratio of 2.79. The stock has a market cap of $6.94 billion, a PE ratio of 40.00 and a beta of 1.75. The business has a 50-day simple moving average of $8.74 and a 200-day simple moving average of $8.58.

ADT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 4th. Investors of record on Thursday, March 16th will be given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Wednesday, March 15th. ADT’s dividend payout ratio is currently 73.68%.

Insider Buying and Selling at ADT

In other news, EVP Daniel Bresingham sold 257,959 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $9.60, for a total transaction of $2,476,406.40. Following the sale, the executive vice president now owns 1,776,114 shares of the company’s stock, valued at approximately $17,050,694.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Citigroup restated a “buy” rating and set a $11.00 price objective on shares of ADT in a research note on Thursday, December 1st.

About ADT

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ADT, Inc engages in the provision of security, automation, and smart home solutions. Its products include security panels, security cameras, ADT mobile application, and identity theft protection. The firm also offers home security systems, fire and life safety, smart home automation, security for renters, and multifamily solutions and services.