Empowered Funds LLC Invests $7.20 Million in ADT Inc. $ADT

Key Points

• Empowered Funds LLC has acquired a new stake in ADT Inc. by purchasing 883,971 shares valued at approximately $7.2 million, representing about 0.11% of the company.
• Wall Street analysts have mixed views on ADT, with Zacks raising the stock to a "strong-buy" rating, while Wall Street Zen downgraded it to a "buy," reflecting differing forecasts on the company's performance.
• ADT recently announced a quarterly dividend of $0.055 per share, with the ex-dividend date set for September 11th, resulting in an annualized yield of 2.6%.

Empowered Funds LLC purchased a new position in ADT Inc. (NYSE:ADT - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 883,971 shares of the security and automation business's stock, valued at approximately $7,196,000. Empowered Funds LLC owned 0.11% of ADT at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Forum Financial Management LP grew its holdings in ADT by 5.2% in the first 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 during the period. Robeco Institutional Asset Management B.V. grew its stake in 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 acquiring an additional 1,769 shares during the period. State of Wyoming increased its holdings in ADT by 5.0% in the 4th quarter. State of Wyoming now owns 43,661 shares of the security and automation business's stock worth $302,000 after acquiring an additional 2,092 shares in the last quarter. AlphaQuest LLC raised its position in ADT by 80.9% during the first 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 during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in ADT by 29.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,635 shares of the security and automation business's stock valued at $110,000 after purchasing an additional 3,129 shares in the last quarter. Hedge funds and other institutional investors own 87.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Zacks Research raised shares of ADT to a "strong-buy" rating in a research note on Tuesday, August 12th. Citigroup lifted their price objective on ADT from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Morgan Stanley boosted their price objective on ADT from $9.00 to $9.50 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Finally, Wall Street Zen cut ADT from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $9.34.

ADT Price Performance

Shares of ADT stock traded down $0.04 on Friday, hitting $8.81. 6,672,307 shares of the company were exchanged, compared to its average volume of 9,185,472. The company has a quick ratio of 0.37, a current ratio of 0.46 and a debt-to-equity ratio of 1.84. The company has a 50-day moving average price of $8.57 and a 200 day moving average price of $8.26. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of 13.35 and a beta of 1.13. ADT Inc. has a 1-year low of $6.68 and a 1-year high of $8.89.

ADT (NYSE:ADT - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The security and automation business reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. ADT had a return on equity of 18.58% and a net margin of 12.30%.The firm's revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 earnings per share. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. As a group, sell-side analysts predict 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 given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.5%. The ex-dividend date is Thursday, September 11th. ADT's dividend payout ratio (DPR) is presently 33.33%.

Insider Buying and Selling

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the business's stock in a transaction dated 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 directly owned 112,650,366 shares in the company, valued at $936,124,541.46. The trade was a 38.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.70% of the stock is owned by company insiders.

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.