131,410 Shares in ADT Inc. $ADT Acquired by NBC Securities Inc.

Key Points

• NBC Securities Inc. purchased 131,410 shares of ADT Inc., valued at approximately $1,113,000, during the 2nd quarter.
• ADT reported earnings of $0.23 per share for the last quarter, exceeding expectations, and also announced a quarterly dividend of $0.055 per share.
• Analyst price targets for ADT have been increased, with Citigroup raising it to $10.00 and Morgan Stanley to $9.50, while the consensus rating is a "Moderate Buy."

NBC Securities Inc. purchased a new position in shares of ADT Inc. (NYSE:ADT - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 131,410 shares of the security and automation business's stock, valued at approximately $1,113,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ADT. Gallacher Capital Management LLC increased its position in ADT by 17.5% during the 2nd quarter. Gallacher Capital Management LLC now owns 89,995 shares of the security and automation business's stock worth $762,000 after purchasing an additional 13,395 shares in the last quarter. OMNI 360 Wealth Inc. grew its holdings in ADT by 45.2% during the 2nd quarter. OMNI 360 Wealth Inc. now owns 18,470 shares of the security and automation business's stock worth $156,000 after acquiring an additional 5,748 shares during the last quarter. Kera Capital Partners Inc. bought a new stake in shares of ADT in the 2nd quarter valued at $178,000. Voya Investment Management LLC boosted its stake in shares of ADT by 48.8% in the 1st quarter. Voya Investment Management LLC now owns 763,559 shares of the security and automation business's stock valued at $6,215,000 after purchasing an additional 250,399 shares during the last quarter. Finally, Inspire Investing LLC bought a new stake in shares of ADT in the 1st quarter valued at $811,000. Institutional investors own 87.22% of the company's stock.

ADT Trading Down 0.8%

ADT traded down $0.07 during trading on Friday, reaching $8.58. The company had a trading volume of 22,313,181 shares, compared to its average volume of 9,130,221. The company has a quick ratio of 0.37, a current ratio of 0.46 and a debt-to-equity ratio of 1.84. The business has a 50 day simple moving average of $8.58 and a 200-day simple moving average of $8.29. ADT Inc. has a 52 week low of $6.68 and a 52 week high of $8.94. The stock has a market cap of $7.13 billion, a P/E ratio of 13.00 and a beta of 1.13.

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

ADT Dividend Announcement

The firm also recently declared 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. This represents a $0.22 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, September 11th. ADT's dividend payout ratio is 33.33%.

Wall Street Analysts Forecast Growth

ADT has been the topic of a number of analyst reports. Wall Street Zen raised shares of ADT from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Morgan Stanley upped their price objective on shares of 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 raised shares of ADT to a "strong-buy" rating in a research note on Tuesday, August 12th. Finally, Citigroup increased their target price on shares of ADT from $9.00 to $10.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $9.34.

Insider Activity

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the company'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 sale, the insider owned 112,650,366 shares in the company, valued at $936,124,541.46. This represents a 38.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.70% of the company's stock.

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.