EntryPoint Capital LLC Takes Position in ADT Inc. (NYSE:ADT)

EntryPoint Capital LLC purchased a new position in shares of ADT Inc. (NYSE:ADT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 33,354 shares of the security and automation business’s stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ADT. Capstone Investment Advisors LLC bought a new stake in shares of ADT during the 3rd quarter worth $76,000. Chicago Partners Investment Group LLC bought a new stake in ADT in the fourth quarter worth about $74,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in ADT in the fourth quarter valued at about $73,000. Magnetar Financial LLC bought a new position in shares of ADT during the 4th quarter valued at approximately $73,000. Finally, Claro Advisors LLC purchased a new stake in shares of ADT during the 4th quarter worth approximately $88,000. Hedge funds and other institutional investors own 87.22% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ADT Stock Performance

Shares of ADT stock opened at $8.09 on Friday. The firm’s 50 day moving average is $7.64 and its 200 day moving average is $7.37. The stock has a market capitalization of $7.09 billion, a P/E ratio of 8.79 and a beta of 1.58. ADT Inc. has a 12 month low of $6.10 and a 12 month high of $8.39. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93.

ADT Announces Dividend

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 given a dividend of $0.055 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.22 annualized dividend and a dividend yield of 2.72%. ADT’s dividend payout ratio is currently 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.