Inspire Investing LLC Takes Position in 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 position in shares of ADT Inc. (NYSE:ADT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 99,576 shares of the security and automation business's stock, valued at approximately $811,000.

Several other institutional investors have also recently added to or reduced their stakes in ADT. Versant Capital Management Inc acquired a new position in ADT during the 1st quarter worth $35,000. True Wealth Design LLC acquired a new position in shares of ADT in the 4th quarter worth approximately $36,000. AlphaQuest LLC raised its position in shares of ADT by 80.9% during the 1st quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business's stock valued at $43,000 after acquiring an additional 2,370 shares in the last quarter. Bayforest Capital Ltd bought a new stake in ADT during the first quarter valued at $74,000. Finally, Northwest Wealth Management LLC bought a new position in shares of ADT in the 1st quarter worth about $87,000. 87.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ADT shares. Morgan Stanley lifted their target price on ADT from $9.00 to $9.50 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Zacks Research upgraded shares of ADT to a "strong-buy" rating in a research 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 price target on ADT from $9.00 to $10.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $9.34.

Insider Buying and Selling at ADT

In related news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the company's 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 transaction, the insider directly owned 112,650,366 shares of the company's stock, valued at approximately $936,124,541.46. The trade was a 38.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.70% of the company's stock.

ADT Price Performance

ADT stock traded up $0.04 during trading hours on Thursday, hitting $8.65. 3,911,458 shares of the stock traded hands, compared to its average volume of 14,358,873. ADT Inc. has a one year low of $6.68 and a one year high of $8.94. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.84. The stock has a 50-day simple moving average of $8.58 and a 200 day simple moving average of $8.27. The company has a market cap of $7.19 billion, a P/E ratio of 13.10 and a beta of 1.13.

ADT (NYSE:ADT - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. ADT had a net margin of 12.30% and a return on equity of 18.58%. The firm's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 earnings per share. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. Equities analysts forecast that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, September 11th. ADT's dividend payout ratio (DPR) is 33.33%.

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.