Invesco Ltd. Has $7.10 Million Stake in ADT Inc. $ADT

Key Points

• Invesco Ltd. reduced its stake in ADT Inc. by 42.7% during the first quarter, owning approximately 0.10% of the company after selling 649,518 shares.
• ADT reported a quarterly earnings per share of $0.23, exceeding analysts' expectations of $0.19, with revenue increasing by 6.8% year-over-year.
• The company declared a quarterly dividend of $0.055 per share, with a dividend yield of 2.5%, scheduled for payment on October 2nd.

Invesco Ltd. cut its stake in ADT Inc. (NYSE:ADT - Free Report) by 42.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 871,724 shares of the security and automation business's stock after selling 649,518 shares during the period. Invesco Ltd. owned 0.10% of ADT worth $7,096,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc acquired a new stake in shares of ADT during the 1st quarter worth approximately $35,000. True Wealth Design LLC acquired a new stake in shares of ADT during the 4th quarter worth approximately $36,000. Quarry LP acquired a new position in ADT during the fourth quarter valued at approximately $80,000. Northwest Wealth Management LLC acquired a new position in ADT during the first quarter valued at approximately $87,000. Finally, Focus Partners Advisor Solutions LLC acquired a new position in ADT during the fourth quarter valued at approximately $88,000. Institutional investors and hedge funds own 87.22% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ADT. Morgan Stanley lifted their price target on shares of ADT from $9.00 to $9.50 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Citigroup lifted their price target on shares of ADT from $9.00 to $10.00 and gave the company a "buy" rating in a research note on Tuesday. Zacks Research raised shares of ADT to a "strong-buy" rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen lowered shares of ADT from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, ADT presently has an average rating of "Moderate Buy" and an average target price of $9.34.

ADT Stock Performance

NYSE ADT traded up $0.02 on Friday, hitting $8.70. 7,020,032 shares of the stock were exchanged, compared to its average volume of 10,287,654. 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 business's fifty day moving average is $8.51 and its 200 day moving average is $8.17. ADT Inc. has a 52 week low of $6.68 and a 52 week high of $8.86. The company has a market capitalization of $7.23 billion, a PE ratio of 13.17 and a beta of 1.20.

ADT (NYSE:ADT - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The security and automation business reported $0.23 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the firm posted $0.17 earnings per share. The company's quarterly 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. Research analysts anticipate that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a $0.055 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.22 annualized dividend and a dividend yield of 2.5%. ADT's dividend payout ratio is 33.33%.

Insider Transactions at ADT

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

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.