Landscape Capital Management L.L.C. Lowers Stake in ADT Inc. $ADT

Key Points

• Landscape Capital Management L.L.C. has reduced its stake in ADT Inc. by 38.0%, now holding 106,925 shares worth approximately $870,000, after selling 65,529 shares in the first quarter.
• Recent analyst upgrades include a strong-buy rating from Zacks Research and an increased target price from Morgan Stanley to $9.50 per share, reflecting a positive market outlook.
• ADT has announced a quarterly dividend of $0.055 per share, which will be paid on October 2nd, representing an annual yield of 2.5%.

Landscape Capital Management L.L.C. cut its position in shares of ADT Inc. (NYSE:ADT - Free Report) by 38.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 106,925 shares of the security and automation business's stock after selling 65,529 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in ADT were worth $870,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Forum Financial Management LP grew its holdings in shares of ADT by 5.2% during the first quarter. Forum Financial Management LP now owns 29,446 shares of the security and automation business's stock worth $240,000 after buying an additional 1,445 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in ADT by 4.2% in the first quarter. Robeco Institutional Asset Management B.V. now owns 43,683 shares of the security and automation business's stock valued at $356,000 after purchasing an additional 1,769 shares during the period. State of Wyoming grew its holdings in ADT by 5.0% in the fourth quarter. State of Wyoming now owns 43,661 shares of the security and automation business's stock valued at $302,000 after purchasing an additional 2,092 shares during the period. Wells Fargo & Company MN grew its holdings in ADT by 6.3% in the fourth quarter. Wells Fargo & Company MN now owns 35,827 shares of the security and automation business's stock valued at $248,000 after purchasing an additional 2,113 shares during the period. Finally, Utah Retirement Systems grew its holdings in ADT by 14.1% in the fourth quarter. Utah Retirement Systems now owns 17,829 shares of the security and automation business's stock valued at $123,000 after purchasing an additional 2,200 shares during the period. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ADT has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of ADT to a "strong-buy" rating in a report on Tuesday, August 12th. Wall Street Zen upgraded shares of ADT from a "buy" rating to a "strong-buy" rating in a report on Saturday. Morgan Stanley boosted their target price on shares of ADT from $9.00 to $9.50 and gave the company an "equal weight" rating in a report on Monday, July 28th. Finally, Citigroup boosted their target price on shares of ADT from $9.00 to $10.00 and gave the company a "buy" rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, ADT currently has an average rating of "Moderate Buy" and an average target price of $9.34.

ADT Price Performance

ADT opened at $8.70 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 52-week low of $6.68 and a 52-week high of $8.86. The company has a 50 day moving average of $8.51 and a two-hundred day moving average of $8.17. The company has a market cap of $7.23 billion, a P/E ratio of 13.17 and a beta of 1.20.

ADT (NYSE:ADT - Get Free Report) last released 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 net margin of 12.30% and a return on equity of 18.58%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the firm earned $0.17 earnings per share. ADT's revenue for the quarter was up 6.8% on a year-over-year basis. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. On average, analysts expect that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Announces Dividend

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

Insider Buying and Selling at ADT

In other 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 shares were sold at an average price of $8.31, for a total value of $590,010,000.00. Following the completion of the transaction, the insider directly owned 112,650,366 shares in the company, valued at approximately $936,124,541.46. This represents a 38.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.70% of the company's stock.

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.

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