Landscape Capital Management L.L.C. Invests $1.19 Million in ADT Inc. (NYSE:ADT)

Landscape Capital Management L.L.C. purchased a new position in shares of ADT Inc. (NYSE:ADT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 172,454 shares of the security and automation business’s stock, valued at approximately $1,192,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its holdings in shares of ADT by 0.8% during the third quarter. The Manufacturers Life Insurance Company now owns 172,226 shares of the security and automation business’s stock worth $1,245,000 after buying an additional 1,343 shares in the last quarter. Atria Investments Inc grew its stake in ADT by 9.9% during the 4th quarter. Atria Investments Inc now owns 15,008 shares of the security and automation business’s stock valued at $104,000 after acquiring an additional 1,358 shares in the last quarter. Highland Capital Management LLC raised its holdings in ADT by 6.5% in the 4th quarter. Highland Capital Management LLC now owns 29,453 shares of the security and automation business’s stock valued at $204,000 after acquiring an additional 1,810 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in ADT by 10.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 21,745 shares of the security and automation business’s stock worth $164,000 after purchasing an additional 2,112 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of ADT by 17.4% during the 4th quarter. Private Advisor Group LLC now owns 25,802 shares of the security and automation business’s stock worth $178,000 after purchasing an additional 3,831 shares during the last quarter. 87.22% of the stock is owned by institutional investors and hedge funds.

ADT Trading Down 1.2 %

Shares of ADT stock opened at $7.98 on Friday. ADT Inc. has a 1-year low of $6.10 and a 1-year high of $8.39. The firm has a market cap of $6.99 billion, a PE ratio of 8.67 and a beta of 1.58. The company has a 50-day moving average of $7.72 and a two-hundred day moving average of $7.42. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64.

ADT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors 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 dividend yield of 2.76%. ADT’s payout ratio is currently 41.51%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. 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 lifted their price target for the stock from $7.00 to $9.00 in a report on Friday. Finally, Morgan Stanley upped their price objective on shares of ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a report 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.