Moors & Cabot Inc. Sells 5,500 Shares of ADT Inc. (NYSE:ADT)

Moors & Cabot Inc. cut its position in ADT Inc. (NYSE:ADT) by 22.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,300 shares of the security and automation business’s stock after selling 5,500 shares during the quarter. Moors & Cabot Inc.’s holdings in ADT were worth $133,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ADT. Atria Investments Inc bought a new stake in ADT in the 3rd quarter valued at $99,000. Entropy Technologies LP boosted its stake in ADT by 165.9% in the 3rd quarter. Entropy Technologies LP now owns 28,050 shares of the security and automation business’s stock valued at $203,000 after purchasing an additional 17,500 shares during the period. Victory Capital Management Inc. boosted its stake in ADT by 218.7% in the 3rd quarter. Victory Capital Management Inc. now owns 169,615 shares of the security and automation business’s stock valued at $1,226,000 after purchasing an additional 116,393 shares during the period. KBC Group NV boosted its stake in ADT by 46.9% in the 3rd quarter. KBC Group NV now owns 10,577 shares of the security and automation business’s stock valued at $76,000 after purchasing an additional 3,375 shares during the period. Finally, Pathstone Holdings LLC boosted its stake in ADT by 3.6% in the 3rd quarter. Pathstone Holdings LLC now owns 299,431 shares of the security and automation business’s stock valued at $2,166,000 after purchasing an additional 10,447 shares during the period. 87.22% of the stock is currently owned by institutional investors.

ADT Stock Performance

NYSE:ADT opened at $7.47 on Monday. The stock has a fifty day moving average price of $7.46 and a 200-day moving average price of $7.32. The company has a market cap of $6.54 billion, a price-to-earnings ratio of 8.11 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. ADT Inc. has a fifty-two week low of $6.10 and a fifty-two week high of $8.39.

ADT Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Thursday, March 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.95%. ADT’s dividend payout ratio (DPR) is currently 41.51%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ADT. Royal Bank of Canada restated a “sector perform” rating and issued a $9.00 price target on shares of ADT in a research note on Wednesday, January 29th. Morgan Stanley upped their target price on ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th.

ADT Profile

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.