Bridgewater Associates LP Lowers Stake in ADT Inc. (NYSE:ADT)

Bridgewater Associates LP trimmed its stake in ADT Inc. (NYSE:ADT) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 559,617 shares of the security and automation business’s stock after selling 6,460 shares during the period. Bridgewater Associates LP’s holdings in ADT were worth $3,867,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in ADT by 20.6% in the fourth quarter. Vanguard Group Inc. now owns 44,555,115 shares of the security and automation business’s stock valued at $307,876,000 after purchasing an additional 7,610,709 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of 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. Norges Bank purchased a new position in shares of ADT in the 4th quarter worth approximately $153,824,000. LSV Asset Management raised its stake 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 acquiring an additional 523,333 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in ADT by 17.0% during the fourth quarter. Geode Capital Management LLC now owns 6,876,443 shares of the security and automation business’s stock valued at $47,529,000 after acquiring an additional 1,001,303 shares during the last quarter. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

ADT Trading Down 0.2 %

Shares of ADT stock opened at $7.87 on Friday. The firm’s 50 day simple moving average is $7.76 and its two-hundred day simple moving average is $7.45. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of 8.55 and a beta of 1.42. ADT Inc. has a 12-month low of $6.12 and a 12-month high of $8.39. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th were given 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 yield of 2.80%. ADT’s dividend payout ratio is currently 41.51%.

Analyst Upgrades and Downgrades

ADT has been the topic of several analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $9.00 price target on shares of ADT in a report on Wednesday, January 29th. Barclays upgraded ADT from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $7.00 to $9.00 in a research note on Friday, April 4th.

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.