EntryPoint Capital LLC Purchases Shares of 33,354 ADT Inc. (NYSE:ADT)

EntryPoint Capital LLC bought a new position in ADT Inc. (NYSE:ADT) in the 4th quarter, HoldingsChannel.com reports. The fund bought 33,354 shares of the security and automation business’s stock, valued at approximately $230,000.

Several other large investors have also recently made changes to their positions in ADT. Geode Capital Management LLC increased 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 worth $42,487,000 after buying an additional 1,543,677 shares during the period. BNP Paribas Financial Markets grew its stake in shares of ADT by 911.6% in the third quarter. BNP Paribas Financial Markets now owns 195,810 shares of the security and automation business’s stock worth $1,416,000 after purchasing an additional 176,454 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in ADT by 13.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,259,189 shares of the security and automation business’s stock valued at $36,341,000 after purchasing an additional 609,842 shares during the period. JPMorgan Chase & Co. raised its position in ADT by 26.0% during the 3rd 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. Finally, Janney Montgomery Scott LLC grew its position in shares of ADT by 46.8% in 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 last quarter. 87.22% of the stock is owned by hedge funds and other institutional investors.

ADT Stock Down 1.8 %

Shares of NYSE:ADT opened at $8.09 on Friday. The firm has a market capitalization of $7.09 billion, a P/E ratio of 8.79 and a beta of 1.58. 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 stock has a 50 day moving average price of $7.64 and a 200-day moving average price of $7.37. ADT Inc. has a 52-week low of $6.10 and a 52-week high of $8.39.

ADT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Thursday, March 13th. ADT’s dividend payout ratio (DPR) is presently 41.51%.

Wall Street Analyst Weigh In

ADT has been the topic of several recent analyst reports. Morgan Stanley lifted their price target 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $9.00 target price on shares of ADT in a research note on Wednesday, January 29th.

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.