ADT Inc. $ADT Shares Acquired by Swiss National Bank

Key Points

• The Swiss National Bank increased its stake in ADT Inc. by 11.9%, owning 660,521 shares worth approximately $5.37 million after purchasing an additional 70,500 shares in Q1.
• ADT's stock price is currently around $8.64, with a market cap of $7.18 billion and a year-over-year revenue increase of 6.8%, reporting $1.29 billion in revenue for the last quarter.
• A quarterly dividend of $0.055 is scheduled for distribution on October 2, 2023, representing a dividend yield of 2.5%.

Swiss National Bank raised its stake in ADT Inc. (NYSE:ADT - Free Report) by 11.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 660,521 shares of the security and automation business's stock after buying an additional 70,500 shares during the period. Swiss National Bank owned about 0.08% of ADT worth $5,377,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Forum Financial Management LP boosted its stake in shares of ADT by 5.2% in the 1st quarter. Forum Financial Management LP now owns 29,446 shares of the security and automation business's stock valued at $240,000 after purchasing an additional 1,445 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of ADT by 4.2% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 43,683 shares of the security and automation business's stock valued at $356,000 after purchasing an additional 1,769 shares in the last quarter. State of Wyoming boosted its stake in shares of ADT by 5.0% in the 4th quarter. State of Wyoming now owns 43,661 shares of the security and automation business's stock valued at $302,000 after purchasing an additional 2,092 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of ADT by 6.3% in the 4th quarter. Wells Fargo & Company MN now owns 35,827 shares of the security and automation business's stock valued at $248,000 after purchasing an additional 2,113 shares in the last quarter. Finally, Utah Retirement Systems boosted its position in ADT by 14.1% during the 4th quarter. Utah Retirement Systems now owns 17,829 shares of the security and automation business's stock valued at $123,000 after buying an additional 2,200 shares during the period. Institutional investors own 87.22% of the company's stock.

Wall Street Analysts Forecast Growth

ADT has been the subject of several research reports. Zacks Research upgraded shares of ADT to a "strong-buy" rating in a research note on Tuesday, August 12th. Morgan Stanley raised their price objective 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. Finally, Wall Street Zen downgraded shares of ADT from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $9.18.

Insider Activity at ADT

In related news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the stock in a transaction that occurred on 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 owned 112,650,366 shares in the company, valued at approximately $936,124,541.46. This represents a 38.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is owned by insiders.

ADT Trading Up 1.9%

Shares of NYSE ADT traded up $0.1650 during mid-day trading on Friday, reaching $8.8050. The company had a trading volume of 5,084,266 shares, compared to its average volume of 14,909,164. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 13.34 and a beta of 1.20. ADT Inc. has a 52 week low of $6.68 and a 52 week high of $8.86. The business's 50-day moving average is $8.44 and its 200-day moving average is $8.12. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.84.

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

ADT Dividend Announcement

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

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.