ADT Inc. $ADT Stake Boosted by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in ADT Inc. by 227.4% in the first quarter, owning a total of 41,551 shares valued at approximately $338,000.
• In addition to Focus Partners, several other institutional investors modified their holdings, with Bank of America Corp DE notably increasing its position by 48.8%, now owning over 1.6 million shares.
• ADT recently announced a quarterly dividend of $0.055 per share, reflecting a 2.5% dividend yield and a payout ratio of 33.33%.

Focus Partners Advisor Solutions LLC grew its holdings in shares of ADT Inc. (NYSE:ADT - Free Report) by 227.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,551 shares of the security and automation business's stock after buying an additional 28,859 shares during the period. Focus Partners Advisor Solutions LLC's holdings in ADT were worth $338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Forum Financial Management LP raised 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 purchasing an additional 1,445 shares in the last quarter. Robeco Institutional Asset Management B.V. raised 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 purchasing an additional 1,769 shares in the last quarter. State of Wyoming raised 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 purchasing an additional 2,092 shares in the last quarter. AlphaQuest LLC raised its holdings 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 purchasing an additional 2,370 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised 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 worth $110,000 after purchasing an additional 3,129 shares in the last quarter. Institutional investors own 87.22% of the company's stock.

ADT Trading Down 0.5%

NYSE ADT traded down $0.04 on Friday, hitting $8.81. 6,672,307 shares of the stock were exchanged, compared to its average volume of 9,185,472. ADT Inc. has a 52-week low of $6.68 and a 52-week high of $8.89. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.46 and a quick ratio of 0.37. The company has a market capitalization of $7.32 billion, a price-to-earnings ratio of 13.35 and a beta of 1.13. The company's 50-day moving average price is $8.57 and its two-hundred day moving average price is $8.25.

ADT (NYSE:ADT - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The security and automation business reported $0.23 earnings per share for the quarter, topping 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 firm had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the previous year, the company posted $0.17 EPS. The company's quarterly revenue was up 6.8% compared to the same quarter last year. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. Research analysts predict that ADT Inc. will post 0.7 EPS for the current year.

ADT Announces Dividend

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

Insider Activity at ADT

In other 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 shares were sold at an average price of $8.31, for a total transaction 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 legal filing with the SEC, which is available at this link. 2.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ADT shares. Morgan Stanley boosted their target price on ADT from $9.00 to $9.50 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Zacks Research upgraded shares of ADT to a "strong-buy" rating in a research report on Tuesday, August 12th. Citigroup lifted their price target on shares of ADT from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen lowered shares of ADT from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, ADT presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.34.

ADT 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.