Archford Capital Strategies LLC Purchases New Position in ADT Inc. $ADT

Key Points

• Archford Capital Strategies LLC has acquired a new stake in ADT Inc., purchasing 73,936 shares valued at approximately $626,000 in the second quarter.
• ADT reported a Q2 earnings of $0.23 per share, exceeding estimates, and set its FY 2025 guidance at 0.810-0.890 EPS, while also announcing a quarterly dividend of $0.055 per share.
• A major shareholder, Apollo Management Holdings, significantly reduced their stake by selling 71 million shares, resulting in a 38.66% decrease in ownership.

Archford Capital Strategies LLC purchased a new stake in ADT Inc. (NYSE:ADT - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 73,936 shares of the security and automation business's stock, valued at approximately $626,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jane Street Group LLC lifted its position in ADT by 7,745.1% in the first quarter. Jane Street Group LLC now owns 3,444,613 shares of the security and automation business's stock valued at $28,039,000 after acquiring an additional 3,400,705 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in ADT by 366.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 74,204 shares of the security and automation business's stock valued at $606,000 after purchasing an additional 58,292 shares during the period. Amalgamated Bank increased its stake in ADT by 36.8% in the first quarter. Amalgamated Bank now owns 19,660 shares of the security and automation business's stock valued at $160,000 after purchasing an additional 5,287 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in ADT by 93.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 212,728 shares of the security and automation business's stock valued at $1,732,000 after purchasing an additional 102,538 shares during the period. Finally, American Century Companies Inc. increased its stake in ADT by 259.5% in the first quarter. American Century Companies Inc. now owns 613,889 shares of the security and automation business's stock valued at $4,997,000 after purchasing an additional 443,121 shares during the period. 87.22% of the stock is owned by hedge funds and other institutional investors.

ADT Stock Down 0.1%

ADT stock opened at $8.80 on Tuesday. ADT Inc. has a 52 week low of $6.68 and a 52 week high of $8.94. The company has a market cap of $7.32 billion, a P/E ratio of 13.33 and a beta of 1.13. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.84. The company's 50-day moving average price is $8.61 and its 200 day moving average price is $8.34.

ADT (NYSE:ADT - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the firm earned $0.17 earnings per share. The company's revenue for the quarter was up 6.8% compared to the same quarter last year. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. On average, research analysts expect that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Citigroup lifted their price objective on shares of ADT from $9.00 to $10.00 and gave the company a "buy" rating in a research note on Tuesday, August 26th. Wall Street Zen lowered shares of ADT from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Zacks Research lowered shares of ADT from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 22nd. Finally, Morgan Stanley boosted their price target on shares of ADT from $9.00 to $9.50 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, ADT currently has an average rating of "Hold" and an average target price of $9.34.

Insider Activity

In related news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the company's stock in a transaction that occurred on 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 transaction, the insider owned 112,650,366 shares of the company's stock, valued at approximately $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. Insiders own 2.70% of the company's stock.

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.

Want to see what other hedge funds are holding ADT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ADT Inc. (NYSE:ADT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.