Illinois Municipal Retirement Fund Purchases 110,330 Shares of ADT Inc. (NYSE:ADT)

Illinois Municipal Retirement Fund raised its stake in ADT Inc. (NYSE:ADT - Free Report) by 38.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 398,569 shares of the security and automation business's stock after acquiring an additional 110,330 shares during the quarter. Illinois Municipal Retirement Fund's holdings in ADT were worth $3,244,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ADT. Versant Capital Management Inc purchased a new stake in ADT in the 1st quarter valued at $35,000. True Wealth Design LLC purchased a new position in ADT in the fourth quarter valued at $36,000. Headlands Technologies LLC purchased a new position in ADT in the fourth quarter worth approximately $62,000. Magnetar Financial LLC purchased a new stake in ADT during the 4th quarter worth about $73,000. Finally, Federated Hermes Inc. boosted its holdings in ADT by 15.8% in the fourth quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock valued at $73,000 after purchasing an additional 1,449 shares in the last quarter. Institutional investors and hedge funds own 87.22% of the company's stock.

Analysts Set New Price Targets

ADT has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $9.00 target price on shares of ADT in a report on Monday, April 21st. Barclays raised shares of ADT from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $7.00 to $9.00 in a report on Friday, April 4th.

ADT Stock Down 2.8%

NYSE ADT traded down $0.24 during mid-day trading on Wednesday, reaching $8.28. 10,384,777 shares of the company's stock traded hands, compared to its average volume of 10,447,188. The company has a market cap of $6.93 billion, a price-to-earnings ratio of 14.28 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 1-year low of $6.53 and a 1-year high of $8.72. The company has a fifty day simple moving average of $8.27 and a 200-day simple moving average of $7.78.

ADT (NYSE:ADT - Get Free Report) last issued its earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. ADT had a return on equity of 17.23% and a net margin of 11.03%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the company earned $0.16 earnings per share. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities research analysts expect that ADT Inc. will post 0.7 EPS for the current year.

ADT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.22 annualized dividend and a dividend yield of 2.66%. ADT's dividend payout ratio (DPR) is presently 37.93%.

Insiders Place Their Bets

In related news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $8.02, for a total value of $401,000,000.00. Following the completion of the transaction, the insider directly owned 228,650,366 shares in the company, valued at approximately $1,833,775,935.32. This represents a 17.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

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.