ADT Inc. (NYSE:ADT) Shares Sold by Smith Moore & CO.

Smith Moore & CO. decreased its position in shares of ADT Inc. (NYSE:ADT) by 13.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 64,230 shares of the security and automation business’s stock after selling 10,000 shares during the quarter. Smith Moore & CO.’s holdings in ADT were worth $444,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Headlands Technologies LLC bought a new stake in ADT in the 4th quarter valued at about $62,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of ADT during the fourth quarter valued at approximately $73,000. Magnetar Financial LLC acquired a new position in shares of ADT during the fourth quarter worth approximately $73,000. Chicago Partners Investment Group LLC bought a new position in ADT in the 4th quarter worth approximately $74,000. Finally, Claro Advisors LLC bought a new position in ADT in the 4th quarter worth approximately $88,000. Institutional investors own 87.22% of the company’s stock.

ADT Stock Down 1.2 %

ADT opened at $7.98 on Friday. 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 company has a market capitalization of $6.99 billion, a PE ratio of 8.67 and a beta of 1.58. The stock’s fifty day moving average is $7.72 and its 200-day moving average is $7.42. ADT Inc. has a one year low of $6.10 and a one year high of $8.39.

ADT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th were given a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.76%. The ex-dividend date was Thursday, March 13th. ADT’s dividend payout ratio (DPR) is presently 41.51%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ADT. Royal Bank of Canada reiterated a “sector perform” rating and set a $9.00 price target on shares of ADT in a research report on Wednesday, January 29th. Barclays raised shares of ADT from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $7.00 to $9.00 in a report on Friday. Finally, Morgan Stanley increased their target price on shares of ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a research 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.