ADT Inc. $ADT Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs has reduced its stake in ADT Inc. by 25.1%, selling 315,748 shares, leaving it with approximately 941,953 shares valued at $7.67 million.
• ADT reported an earnings per share (EPS) of $0.23 for the last quarter, exceeding expectations by $0.04, with a revenue of $1.29 billion, a 6.8% year-over-year increase.
• The company has announced a quarterly dividend of $0.055 per share, representing a yield of 2.5%, with the payment scheduled for October 2nd.

Goldman Sachs Group Inc. lessened its holdings in shares of ADT Inc. (NYSE:ADT - Free Report) by 25.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 941,953 shares of the security and automation business's stock after selling 315,748 shares during the period. Goldman Sachs Group Inc. owned approximately 0.11% of ADT worth $7,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ADT. Ameriprise Financial Inc. raised its holdings in shares of ADT by 22.1% during the fourth quarter. Ameriprise Financial Inc. now owns 456,839 shares of the security and automation business's stock worth $3,157,000 after purchasing an additional 82,623 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of ADT by 48.8% during the fourth quarter. Bank of America Corp DE now owns 1,642,263 shares of the security and automation business's stock worth $11,348,000 after purchasing an additional 538,939 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of ADT by 133.1% during the fourth quarter. Captrust Financial Advisors now owns 55,356 shares of the security and automation business's stock worth $383,000 after purchasing an additional 31,610 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of ADT by 2,170.1% during the fourth quarter. Deutsche Bank AG now owns 370,477 shares of the security and automation business's stock worth $2,560,000 after purchasing an additional 354,157 shares during the last quarter. Finally, Focus Partners Wealth purchased a new position in shares of ADT during the fourth quarter worth $214,000. Hedge funds and other institutional investors own 87.22% of the company's stock.

ADT Price Performance

NYSE ADT traded down $0.08 during trading hours on Friday, hitting $8.58. 2,316,239 shares of the company's stock traded hands, compared to its average volume of 14,332,907. ADT Inc. has a 52-week low of $6.68 and a 52-week high of $8.94. The company has a market capitalization of $7.13 billion, a PE ratio of 12.99 and a beta of 1.13. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.46 and a quick ratio of 0.37. The firm's 50-day moving average is $8.58 and its 200-day moving average is $8.27.

ADT (NYSE:ADT - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The security and automation business reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. ADT had a net margin of 12.30% and a return on equity of 18.58%. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the prior year, the company earned $0.17 EPS. ADT's revenue was up 6.8% compared to the same quarter last year. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. Equities analysts forecast that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.6%. The ex-dividend date is Thursday, September 11th. ADT's payout ratio is presently 33.33%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ADT. Citigroup upped their price objective on shares of ADT from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Morgan Stanley upped their price objective on shares of ADT from $9.00 to $9.50 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Wall Street Zen downgraded shares of ADT from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 7th. Finally, Zacks Research raised shares of ADT to a "strong-buy" rating in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $9.34.

Insiders Place Their Bets

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $8.31, for a total value of $590,010,000.00. Following the transaction, the insider directly owned 112,650,366 shares in the company, valued at $936,124,541.46. The trade was a 38.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.70% of the stock is owned by insiders.

ADT Company 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.