Formidable Asset Management LLC Invests $441,000 in ADT Inc. (NYSE:ADT)

Formidable Asset Management LLC acquired a new position in ADT Inc. (NYSE:ADT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 54,116 shares of the security and automation business's stock, valued at approximately $441,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allegiance Financial Group Advisory Services LLC bought a new stake in shares of ADT in the 1st quarter worth about $184,000. Forum Financial Management LP raised its holdings in shares of ADT by 5.2% in the 1st 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 in the last quarter. Bailard Inc. bought a new stake in shares of ADT in the 1st quarter valued at about $301,000. Burns Matteson Capital Management LLC raised its holdings in shares of ADT by 8.1% in the 1st quarter. Burns Matteson Capital Management LLC now owns 51,233 shares of the security and automation business's stock valued at $417,000 after purchasing an additional 3,823 shares in the last quarter. Finally, Parcion Private Wealth LLC bought a new stake in shares of ADT in the 1st quarter valued at about $107,000. 87.22% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ADT

In other news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $8.02, for a total value of $401,000,000.00. Following the completion of the sale, the insider directly owned 228,650,366 shares in the company, valued at $1,833,775,935.32. This represents a 17.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is currently owned by insiders.

ADT Stock Performance

Shares of ADT stock traded up $0.02 during trading hours on Wednesday, hitting $8.46. The company's stock had a trading volume of 2,166,168 shares, compared to its average volume of 10,786,166. The company has a 50 day moving average of $8.38 and a 200 day moving average of $7.94. The stock has a market cap of $7.07 billion, a PE ratio of 14.58 and a beta of 1.21. The company has a current ratio of 0.77, a quick ratio of 0.60 and a debt-to-equity ratio of 2.10. ADT Inc. has a 12-month low of $6.53 and a 12-month high of $8.73.

ADT (NYSE:ADT - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. ADT had a net margin of 11.03% and a return on equity of 17.23%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the firm posted $0.16 earnings per share. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts forecast that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Thursday, June 12th were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.60%. The ex-dividend date was Thursday, June 12th. ADT's payout ratio is 37.93%.

Analyst Ratings Changes

Several research firms recently commented on ADT. Royal Bank Of Canada reiterated a "sector perform" rating and set a $9.00 price objective on shares of ADT in a research note on Monday, April 21st. Barclays upgraded shares of ADT from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $7.00 to $9.00 in a research note on Friday, April 4th.

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.