Nuveen LLC Purchases New Stake in ADT Inc. $ADT

Key Points

• Nuveen LLC has invested approximately $9.11 million in ADT Inc., acquiring over 1.1 million shares, representing about 0.13% of the company's stock as of their latest SEC filing.
• ADT reported a quarterly earnings beat with $0.23 earnings per share, exceeding estimates, and has set its FY 2025 guidance at 0.810-0.890 EPS.
• The company declared a $0.055 quarterly dividend to be paid on October 2nd, contributing to an annualized dividend yield of 2.5%.

Nuveen LLC bought a new position in ADT Inc. (NYSE:ADT - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,118,580 shares of the security and automation business's stock, valued at approximately $9,105,000. Nuveen LLC owned approximately 0.13% of ADT as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Burkehill Global Management LP increased its stake in shares of ADT by 25.0% in the first quarter. Burkehill Global Management LP now owns 2,500,000 shares of the security and automation business's stock worth $20,350,000 after purchasing an additional 500,000 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new position in ADT during the first quarter valued at approximately $251,000. Swiss National Bank grew its stake in ADT by 11.9% during the first quarter. Swiss National Bank now owns 660,521 shares of the security and automation business's stock valued at $5,377,000 after acquiring an additional 70,500 shares in the last quarter. Headlands Technologies LLC grew its stake in ADT by 229.2% during the first quarter. Headlands Technologies LLC now owns 29,735 shares of the security and automation business's stock valued at $242,000 after acquiring an additional 20,702 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in ADT by 11.6% during the first quarter. Vanguard Group Inc. now owns 49,715,950 shares of the security and automation business's stock valued at $404,688,000 after acquiring an additional 5,160,835 shares in the last quarter. Hedge funds and other institutional investors own 87.22% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Citigroup boosted 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. Wall Street Zen cut shares of ADT from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Zacks Research raised shares of ADT to a "strong-buy" rating in a research note on Tuesday, August 12th. Finally, Morgan Stanley boosted 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. 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 stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $9.34.

ADT Price Performance

ADT stock traded down $0.13 during midday trading on Thursday, reaching $8.64. The company had a trading volume of 3,188,258 shares, compared to its average volume of 14,746,382. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.46 and a quick ratio of 0.37. 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 $7.18 billion, a P/E ratio of 13.08 and a beta of 1.20. The firm has a 50-day moving average price of $8.49 and a 200-day moving average price of $8.15.

ADT (NYSE:ADT - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The security and automation business reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. The business had revenue of $1.29 billion during 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 business's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.17 EPS. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. On average, research analysts anticipate that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

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

Insider Buying and Selling at ADT

In other news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the business's stock in a transaction that occurred 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 sale, the insider directly owned 112,650,366 shares in the company, valued at approximately $936,124,541.46. The trade was a 38.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.