Cannon Global Investment Management LLC Purchases Shares of 38,500 ADT Inc. (NYSE:ADT)

Cannon Global Investment Management LLC purchased a new position in ADT Inc. (NYSE:ADT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,500 shares of the security and automation business’s stock, valued at approximately $266,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ADT. Mirae Asset Global Investments Co. Ltd. bought a new position in ADT in the 4th quarter worth about $73,000. Magnetar Financial LLC purchased a new position in shares of ADT during the fourth quarter worth about $73,000. Chicago Partners Investment Group LLC bought a new position in shares of ADT in the fourth quarter worth approximately $74,000. Capstone Investment Advisors LLC purchased a new stake in ADT in the third quarter valued at approximately $76,000. Finally, Claro Advisors LLC bought a new stake in ADT during the fourth quarter valued at approximately $88,000. Hedge funds and other institutional investors own 87.22% of the company’s stock.

ADT Price Performance

Shares of NYSE:ADT opened at $7.74 on Monday. The company’s fifty day moving average is $7.53 and its 200 day moving average is $7.34. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. ADT Inc. has a 52 week low of $6.10 and a 52 week high of $8.39. The stock has a market cap of $6.78 billion, a PE ratio of 8.41 and a beta of 1.58.

ADT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Thursday, March 13th. ADT’s dividend payout ratio is presently 41.51%.

Analyst Ratings Changes

Several analysts have recently weighed in on ADT shares. Morgan Stanley raised their price objective 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. Royal Bank of Canada restated a “sector perform” rating and set a $9.00 price target on shares of ADT in a research report 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.