Hillsdale Investment Management Inc. Has $694,000 Stake in ADT Inc. (NYSE:ADT)

Hillsdale Investment Management Inc. boosted its stake in ADT Inc. (NYSE:ADT) by 4.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 100,500 shares of the security and automation business’s stock after buying an additional 4,400 shares during the period. Hillsdale Investment Management Inc.’s holdings in ADT were worth $694,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Pacer Advisors Inc. boosted its stake in ADT by 11.7% in the 4th quarter. Pacer Advisors Inc. now owns 34,574,011 shares of the security and automation business’s stock valued at $238,906,000 after buying an additional 3,632,502 shares in the last quarter. State Street Corp boosted its stake in ADT by 7.5% in the third quarter. State Street Corp now owns 6,597,684 shares of the security and automation business’s stock worth $48,060,000 after purchasing an additional 457,918 shares in the last quarter. Geode Capital Management LLC boosted its stake in 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 worth $42,487,000 after purchasing an additional 1,543,677 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in ADT by 21.4% in the fourth quarter. Bank of New York Mellon Corp now owns 5,464,151 shares of the security and automation business’s stock worth $37,757,000 after purchasing an additional 961,785 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in ADT by 13.1% in the fourth 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 and hedge funds own 87.22% of the company’s stock.

ADT Trading Down 0.3 %

Shares of ADT opened at $7.74 on Monday. 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 Inc. has a 12-month low of $6.10 and a 12-month high of $8.39. The firm has a market capitalization of $6.78 billion, a PE ratio of 8.41 and a beta of 1.58. The stock’s fifty day simple moving average is $7.53 and its 200-day simple moving average is $7.34.

ADT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Thursday, March 13th. ADT’s dividend payout ratio (DPR) is presently 41.51%.

Analyst Ratings Changes

A number of equities analysts have commented on ADT shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $9.00 price objective on shares of ADT in a research note on Wednesday, January 29th. Morgan Stanley boosted their price objective on ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th.

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.