Bank of New York Mellon Corp Makes New $34.13 Million Investment in ADT Inc. $ADT

Key Points

• Bank of New York Mellon acquired 5.25 million ADT shares worth approximately $34.13 million, giving it a 0.72% stake. Institutional investors collectively own 87.22% of ADT.
• Analysts maintain a generally neutral outlook, with an average rating of “Hold” and an average price target of $8.23, compared with ADT’s recent price of $7.54.
• ADT exceeded quarterly earnings expectations with $0.23 EPS and $1.31 billion in revenue, while announcing a quarterly dividend of $0.055 per share, representing a 2.9% annualized yield.

Bank of New York Mellon Corp acquired a new stake in ADT Inc. (NYSE:ADT - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,250,783 shares of the security and automation business's stock, valued at approximately $34,130,000. Bank of New York Mellon Corp owned approximately 0.72% of ADT as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Los Angeles Capital Management LLC bought a new position in shares of ADT in the fourth quarter worth about $28,000. IFP Advisors Inc boosted its position in shares of ADT by 1,759.1% in the 3rd quarter. IFP Advisors Inc now owns 3,997 shares of the security and automation business's stock worth $35,000 after purchasing an additional 3,782 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of ADT by 39.9% in the 2nd quarter. Osaic Holdings Inc. now owns 4,351 shares of the security and automation business's stock valued at $37,000 after acquiring an additional 1,240 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in ADT by 151.4% in the first quarter. PNC Financial Services Group Inc. now owns 4,957 shares of the security and automation business's stock valued at $33,000 after purchasing an additional 2,985 shares in the last quarter. Finally, Fairscale Capital LLC acquired a new stake in ADT during the 4th quarter worth $41,000. 87.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ADT shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of ADT in a research note on Wednesday, July 15th. UBS Group set a $7.50 price objective on shares of ADT in a research report on Friday, May 1st. Morgan Stanley raised their price target on ADT from $7.50 to $7.75 and gave the company an "equal weight" rating in a report on Friday, July 31st. Finally, BTIG Research began coverage on ADT in a research note on Monday, August 17th. They set a "neutral" rating on the stock. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $8.23.

ADT Price Performance

Shares of ADT opened at $7.54 on Friday. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 10.62 and a beta of 1.00. ADT Inc. has a 1 year low of $6.24 and a 1 year high of $8.94. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.69 and a quick ratio of 0.52. The business has a 50-day moving average of $7.11 and a 200-day moving average of $7.03.

ADT (NYSE:ADT - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The security and automation business reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. ADT had a return on equity of 18.99% and a net margin of 11.85%.The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the firm earned $0.23 earnings per share. The company's revenue 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 research analysts anticipate that ADT Inc. will post 0.9 earnings per share for the current year.

ADT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be issued a $0.055 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.22 annualized dividend and a dividend yield of 2.9%. ADT's dividend payout ratio is currently 30.99%.

ADT Company Profile

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.

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