Northern Trust Corp Boosts Stock Holdings in ADT Inc. $ADT

Key Points

• Northern Trust Corp increased its stake in ADT Inc. by 37.1% during the first quarter, owning approximately $24.47 million in shares.
• ADT reported earnings per share (EPS) of $0.23 for the last quarter, surpassing estimates and marking a 6.8% revenue increase year-over-year.
• The company declared a quarterly dividend of $0.055, amounting to an annual yield of 2.5%, with an ex-dividend date set for September 11.

Northern Trust Corp lifted its position in shares of ADT Inc. (NYSE:ADT - Free Report) by 37.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,006,083 shares of the security and automation business's stock after acquiring an additional 813,494 shares during the quarter. Northern Trust Corp owned 0.36% of ADT worth $24,470,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new stake in ADT in the 1st quarter valued at approximately $35,000. True Wealth Design LLC acquired a new stake in shares of ADT in the 4th quarter valued at approximately $36,000. Northwest Wealth Management LLC purchased a new stake in shares of ADT in the first quarter valued at approximately $87,000. Focus Partners Advisor Solutions LLC purchased a new stake in shares of ADT in the fourth quarter valued at approximately $88,000. Finally, Cresset Asset Management LLC acquired a new position in ADT during the first quarter worth $93,000. Institutional investors and hedge funds own 87.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ADT shares. Citigroup raised their price objective on shares of ADT from $9.00 to $10.00 and gave the company a "buy" rating in a research note on Tuesday, August 26th. Morgan Stanley lifted their price target on shares of ADT from $9.00 to $9.50 and gave the company an "equal weight" rating in a research report on Monday, July 28th. Zacks Research raised ADT to a "strong-buy" rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen upgraded ADT from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 30th. One research 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's stock. According to MarketBeat, ADT currently has an average rating of "Moderate Buy" and a consensus target price of $9.34.

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 value of $590,010,000.00. Following the sale, the insider directly owned 112,650,366 shares of the company's stock, valued at approximately $936,124,541.46. This trade represents a 38.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.70% of the company's stock.

ADT Price Performance

ADT stock traded up $0.10 during midday trading on Thursday, reaching $8.77. 6,464,605 shares of the company were exchanged, compared to its average volume of 14,624,530. The firm's 50-day simple moving average is $8.53 and its 200-day simple moving average is $8.19. ADT Inc. has a 1 year low of $6.68 and a 1 year high of $8.86. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 13.28 and a beta of 1.13. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.37 and a current ratio of 0.46.

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

ADT Announces Dividend

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