Diversified Trust Co Invests $986,000 in ADT Inc. $ADT

Key Points

• Diversified Trust Co has invested approximately $986,000 in ADT Inc., acquiring 116,458 shares of the security and automation company during the second quarter.
• A major shareholder, Apollo Management Holdings Gp, sold 71 million shares of ADT's stock for approximately $590 million, reducing their ownership by 38.66%.
• ADT has recently announced a $0.055 dividend to be paid on October 2nd, contributing to an annualized yield of 2.5%.

Diversified Trust Co acquired a new position in ADT Inc. (NYSE:ADT - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 116,458 shares of the security and automation business's stock, valued at approximately $986,000.

Other hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc bought a new position in shares of ADT in the 1st quarter worth about $35,000. AlphaQuest LLC raised its position in shares of ADT by 80.9% in the 1st quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business's stock worth $43,000 after acquiring an additional 2,370 shares in the last quarter. Bayforest Capital Ltd bought a new position in shares of ADT in the 1st quarter worth about $74,000. Northwest Wealth Management LLC bought a new stake in ADT in the 1st quarter valued at about $87,000. Finally, Focus Partners Advisor Solutions LLC bought a new stake in ADT in the 4th quarter valued at about $88,000. 87.22% of the stock is owned by institutional investors.

Insider Buying and Selling

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 stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.70% of the company's stock.

ADT Price Performance

ADT stock opened at $8.75 on Tuesday. ADT Inc. has a 12 month low of $6.68 and a 12 month high of $8.94. 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 business's 50 day simple moving average is $8.59 and its 200 day simple moving average is $8.30. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 13.25 and a beta of 1.13.

ADT (NYSE:ADT - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The security and automation business reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. ADT had a return on equity of 18.58% and a net margin of 12.30%.The business 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 business earned $0.17 earnings per share. ADT's revenue for the quarter was up 6.8% on a year-over-year basis. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. Sell-side analysts forecast that ADT Inc. will post 0.7 EPS for the current 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 $0.055 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.22 annualized dividend and a yield of 2.5%. ADT's dividend payout ratio is presently 33.33%.

Analysts Set New Price Targets

A number of brokerages recently commented on ADT. Citigroup boosted their target price on ADT from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Wall Street Zen raised ADT from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Zacks Research raised ADT to a "strong-buy" rating in a research report on Tuesday, August 12th. Finally, Morgan Stanley boosted their target price on ADT from $9.00 to $9.50 and gave the company an "equal weight" rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, ADT has an average rating of "Moderate Buy" and a consensus target price of $9.34.

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.

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