Caisse Des Depots ET Consignations Makes New $2.63 Million Investment in ADT Inc. (NYSE:ADT)

Caisse Des Depots ET Consignations bought a new position in shares of ADT Inc. (NYSE:ADT) in the 4th quarter, HoldingsChannel.com reports. The fund bought 379,980 shares of the security and automation business’s stock, valued at approximately $2,626,000.

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

Analysts Set New Price Targets

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

ADT Stock Up 0.7 %

Shares of NYSE:ADT opened at $8.23 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 $7.21 billion, a PE ratio of 8.94 and a beta of 1.58. ADT Inc. has a 52 week low of $6.10 and a 52 week high of $8.39. The company’s fifty day moving average is $7.62 and its 200-day moving average is $7.37.

ADT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.67%. The ex-dividend date is Thursday, March 13th. ADT’s payout ratio is 41.51%.

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.