Empowered Funds LLC Takes Position 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 stake in ADT Inc. (NYSE:ADT - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 883,971 shares of the security and automation business's stock, valued at approximately $7,196,000. Empowered Funds LLC owned about 0.11% of ADT as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Forum Financial Management LP boosted its holdings in ADT by 5.2% during the first quarter. Forum Financial Management LP now owns 29,446 shares of the security and automation business's stock worth $240,000 after buying an additional 1,445 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in ADT by 4.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 43,683 shares of the security and automation business's stock worth $356,000 after buying an additional 1,769 shares during the last quarter. State of Wyoming boosted its holdings in ADT by 5.0% during the fourth quarter. State of Wyoming now owns 43,661 shares of the security and automation business's stock worth $302,000 after buying an additional 2,092 shares during the last quarter. AlphaQuest LLC lifted its holdings in shares of ADT by 80.9% during the 1st quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business's stock valued at $43,000 after purchasing an additional 2,370 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of ADT by 29.8% during the 1st 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. Institutional investors own 87.22% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on ADT from $9.00 to $9.50 and gave the company an "equal weight" rating in a report on Monday, July 28th. Zacks Research upgraded ADT to a "strong-buy" rating in a research note on Tuesday, August 12th. Wall Street Zen cut ADT from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 7th. Finally, Citigroup boosted their target price on ADT from $9.00 to $10.00 and gave the company a "buy" rating in a research note on Tuesday, August 26th. One investment 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 company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $9.34.

Insider Transactions at ADT

In related news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the business's stock in a transaction 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 completion of the sale, 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 Stock Performance

Shares of ADT stock traded down $0.10 during trading on Tuesday, reaching $8.68. 2,500,671 shares of the company's stock were exchanged, compared to its average volume of 14,419,294. 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 stock has a market capitalization of $7.21 billion, a PE ratio of 13.14 and a beta of 1.13. ADT Inc. has a twelve month low of $6.68 and a twelve month high of $8.94. The firm's fifty day moving average price is $8.57 and its 200-day moving average price is $8.26.

ADT (NYSE:ADT - Get Free Report) last posted its earnings results on Thursday, July 24th. The security and automation business reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates 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 period in the previous year, the firm earned $0.17 EPS. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. As a group, sell-side analysts anticipate that ADT Inc. will post 0.7 EPS for the current year.

ADT Announces Dividend

The company also recently declared 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 payout ratio is 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.