Bank of America Corp DE lowered its holdings in ADT Inc. (NYSE:ADT - Free Report) by 11.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,640,688 shares of the security and automation business's stock after selling 218,348 shares during the period. Bank of America Corp DE owned about 0.21% of ADT worth $10,779,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of ADT in the 4th quarter valued at approximately $2,870,000. Geode Capital Management LLC raised its position in shares of ADT by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 10,906,341 shares of the security and automation business's stock valued at $88,030,000 after acquiring an additional 577,013 shares in the last quarter. Norges Bank bought a new position in ADT during the fourth quarter worth $192,996,000. Louisiana State Employees Retirement System bought a new position in ADT during the first quarter worth $1,480,000. Finally, Jupiter Asset Management Ltd. acquired a new position in ADT in the fourth quarter worth $5,012,000. Institutional investors and hedge funds own 87.22% of the company's stock.
ADT Stock Up 0.3%
ADT stock opened at $7.40 on Monday. The company has a 50-day simple moving average of $7.03 and a 200-day simple moving average of $7.03. The firm has a market capitalization of $5.41 billion, a P/E ratio of 10.42 and a beta of 1.00. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.52 and a current ratio of 0.69. ADT Inc. has a one year low of $6.24 and a one year high of $8.94.
ADT (NYSE:ADT - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The security and automation business reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. ADT had a net margin of 11.85% and a return on equity of 18.99%. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter last year, the company earned $0.23 EPS. The company's revenue for the quarter was up 1.9% compared to the same quarter last year. ADT has set its FY 2026 guidance at 0.910-0.910 EPS. As a group, equities analysts expect that ADT Inc. will post 0.9 earnings per share for the current year.
ADT Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be given a dividend of $0.055 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.22 annualized dividend and a dividend yield of 3.0%. ADT's payout ratio is currently 30.99%.
Wall Street Analyst Weigh In
Several analysts have weighed in on ADT shares. BTIG Research started coverage on shares of ADT in a research note on Monday, August 17th. They set a "neutral" rating for the company. Morgan Stanley raised their price target on shares of ADT from $7.50 to $7.75 and gave the stock an "equal weight" rating in a research report on Friday, July 31st. UBS Group set a $7.50 price target on shares of ADT in a report on Friday, May 1st. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of ADT in a research report on Wednesday, July 15th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $8.23.
Check Out Our Latest Research Report on ADT
About ADT
(
Free Report)
ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.
Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.
Further Reading
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