Inspire Investing LLC Purchases Shares of 99,576 ADT Inc. $ADT

Key Points

• Inspire Investing LLC acquired a new stake in ADT Inc., purchasing 99,576 shares valued at approximately $811,000 in the first quarter.
• Apollo Management Holdings Gp sold 71 million shares of ADT, representing a 38.66% decrease in their ownership, totaling around $590 million in the transaction.
• ADT announced a quarterly dividend of $0.055 per share, with an ex-dividend date set for September 11th, yielding an annualized dividend of 2.5%.

Inspire Investing LLC purchased a new stake in shares of ADT Inc. (NYSE:ADT - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 99,576 shares of the security and automation business's stock, valued at approximately $811,000.

Several other large investors have also modified their holdings of ADT. Northern Trust Corp boosted its stake in shares of ADT by 22.0% during the 4th quarter. Northern Trust Corp now owns 2,192,589 shares of the security and automation business's stock worth $15,151,000 after acquiring an additional 394,794 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of ADT by 22.1% during the 4th quarter. Ameriprise Financial Inc. now owns 456,839 shares of the security and automation business's stock worth $3,157,000 after acquiring an additional 82,623 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of ADT by 48.8% during the 4th quarter. Bank of America Corp DE now owns 1,642,263 shares of the security and automation business's stock worth $11,348,000 after acquiring an additional 538,939 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of ADT by 133.1% during the 4th quarter. Captrust Financial Advisors now owns 55,356 shares of the security and automation business's stock worth $383,000 after acquiring an additional 31,610 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of ADT by 2,170.1% during the 4th quarter. Deutsche Bank AG now owns 370,477 shares of the security and automation business's stock worth $2,560,000 after acquiring an additional 354,157 shares in the last quarter. 87.22% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the firm's stock in a transaction dated 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 transaction, the insider directly owned 112,650,366 shares in the company, valued at $936,124,541.46. This trade represents a 38.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is currently owned by company insiders.

ADT Price Performance

ADT opened at $8.81 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.46 and a debt-to-equity ratio of 1.84. ADT Inc. has a 12-month low of $6.68 and a 12-month high of $8.89. The stock has a fifty day moving average of $8.57 and a 200-day moving average of $8.25. The firm has a market capitalization of $7.32 billion, a P/E ratio of 13.35 and a beta of 1.13.

ADT (NYSE:ADT - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The security and automation business reported $0.23 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company earned $0.17 earnings per share. ADT'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. Equities analysts forecast that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors 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 (DPR) is currently 33.33%.

Analyst Upgrades and Downgrades

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

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.

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