Ieq Capital LLC Raises Stock Holdings in ADT Inc. $ADT

Key Points

• Ieq Capital LLC increased its stake in ADT Inc. by 114%, now owning 806,227 shares worth approximately $6.56 million after purchasing an additional 429,565 shares.
• ADT reported earnings of $0.23 per share for the last quarter, exceeding analysts' expectations, and plans to pay a quarterly dividend of $0.055, which provides a yield of 2.5%.
• Wall Street analysts have a positive outlook on ADT, with price targets raised by Citigroup and Morgan Stanley, while the average target price stands at $9.34.

Ieq Capital LLC raised its holdings in ADT Inc. (NYSE:ADT - Free Report) by 114.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 806,227 shares of the security and automation business's stock after acquiring an additional 429,565 shares during the quarter. Ieq Capital LLC owned approximately 0.10% of ADT worth $6,563,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of ADT. Wells Fargo & Company MN grew its position in ADT by 6.3% in the 4th quarter. Wells Fargo & Company MN now owns 35,827 shares of the security and automation business's stock valued at $248,000 after acquiring an additional 2,113 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in ADT by 15.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 24,540 shares of the security and automation business's stock worth $170,000 after purchasing an additional 3,366 shares during the period. Raymond James Financial Inc. purchased a new position in ADT during the 4th quarter worth $1,153,000. Mariner LLC increased its holdings in ADT by 10.9% during the 4th quarter. Mariner LLC now owns 39,666 shares of the security and automation business's stock worth $274,000 after purchasing an additional 3,904 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in ADT by 80.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 41,841 shares of the security and automation business's stock worth $289,000 after purchasing an additional 18,648 shares during the period. Institutional investors own 87.22% of the company's stock.

Insider Activity at ADT

In other news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $8.31, for a total transaction of $590,010,000.00. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company's stock.

ADT Stock Up 0.2%

NYSE ADT traded up $0.02 during midday trading on Friday, hitting $8.70. 7,020,032 shares of the company traded hands, compared to its average volume of 9,756,304. 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 cap of $7.23 billion, a PE ratio of 13.17 and a beta of 1.13. The company's 50-day simple moving average is $8.51 and its 200-day simple moving average is $8.18. ADT Inc. has a 52 week low of $6.68 and a 52 week high of $8.86.

ADT (NYSE:ADT - Get Free Report) last issued 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 firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business posted $0.17 EPS. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. As a group, equities research analysts forecast that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Dividend Announcement

The firm also recently disclosed 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 dividend payout ratio is currently 33.33%.

Wall Street Analysts Forecast Growth

ADT has been the topic of several research reports. Zacks Research upgraded ADT to a "strong-buy" rating in a report on Tuesday, August 12th. Wall Street Zen upgraded ADT from a "buy" rating to a "strong-buy" rating in a report on Saturday. Morgan Stanley raised their price objective on ADT from $9.00 to $9.50 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Finally, Citigroup raised 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. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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.