Gallacher Capital Management LLC Buys 22,842 Shares of ADT Inc. (NYSE:ADT)

Gallacher Capital Management LLC lifted its position in ADT Inc. (NYSE:ADT) by 33.1% in the 4th quarter, Holdings Channel reports. The fund owned 91,840 shares of the security and automation business’s stock after acquiring an additional 22,842 shares during the quarter. Gallacher Capital Management LLC’s holdings in ADT were worth $635,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its position in shares of ADT by 0.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 172,226 shares of the security and automation business’s stock worth $1,245,000 after purchasing an additional 1,343 shares during the last quarter. Atria Investments Inc raised its position in shares of ADT by 9.9% in the 4th quarter. Atria Investments Inc now owns 15,008 shares of the security and automation business’s stock worth $104,000 after purchasing an additional 1,358 shares during the last quarter. Highland Capital Management LLC raised its holdings in ADT by 6.5% in the fourth quarter. Highland Capital Management LLC now owns 29,453 shares of the security and automation business’s stock worth $204,000 after buying an additional 1,810 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in ADT by 10.8% in the third quarter. Sanctuary Advisors LLC now owns 21,745 shares of the security and automation business’s stock worth $164,000 after buying an additional 2,112 shares during the last quarter. Finally, KBC Group NV raised its holdings in ADT by 46.9% in the third quarter. KBC Group NV now owns 10,577 shares of the security and automation business’s stock worth $76,000 after buying an additional 3,375 shares during the last quarter. Institutional investors own 87.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ADT. Morgan Stanley boosted their price objective on shares of ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. 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.

ADT Stock Up 2.0 %

ADT opened at $7.47 on Friday. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 8.11 and a beta of 1.58. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The firm has a 50 day moving average price of $7.46 and a 200-day moving average price of $7.32. ADT Inc. has a twelve month low of $6.10 and a twelve month high of $8.39.

ADT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Thursday, March 13th. ADT’s dividend payout ratio (DPR) is presently 41.51%.

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.