Rhumbline Advisers Has $2.58 Million Position in ADT Inc. $ADT

Key Points

• Rhumbline Advisers increased its position in ADT Inc. by 16.5%, acquiring an additional 44,817 shares, bringing its total holdings to 316,421 shares worth approximately $2.58 million.
• Analysts have mixed views on ADT: while Citigroup raised its price target from $9.00 to $10.00, Wall Street Zen downgraded the stock from "strong-buy" to "buy."
• ADT declared a quarterly dividend of $0.055 per share, representing a 2.5% yield, with the ex-dividend date set for September 11th.

Rhumbline Advisers boosted its holdings in ADT Inc. (NYSE:ADT - Free Report) by 16.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 316,421 shares of the security and automation business's stock after buying an additional 44,817 shares during the period. Rhumbline Advisers' holdings in ADT were worth $2,576,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ADT. Versant Capital Management Inc bought a new position in ADT in the 1st quarter worth approximately $35,000. AlphaQuest LLC increased its position in ADT by 80.9% in the 1st quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business's stock worth $43,000 after buying an additional 2,370 shares during the period. Bayforest Capital Ltd bought a new position in ADT in the 1st quarter worth approximately $74,000. Northwest Wealth Management LLC bought a new position in ADT in the 1st quarter worth approximately $87,000. Finally, Focus Partners Advisor Solutions LLC bought a new stake in shares of ADT during the fourth quarter valued at approximately $88,000. 87.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ADT shares. Morgan Stanley boosted their price objective on ADT from $9.00 to $9.50 and gave the company an "equal weight" rating in a research report on Monday, July 28th. Wall Street Zen upgraded ADT from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Zacks Research upgraded ADT to a "strong-buy" rating in a research report on Tuesday, August 12th. Finally, Citigroup boosted their price objective on ADT from $9.00 to $10.00 and gave the company a "buy" rating in a research report 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $9.34.

ADT Trading Down 0.8%

NYSE:ADT traded down $0.07 during mid-day trading on Friday, hitting $8.58. The company had a trading volume of 22,313,181 shares, compared to its average volume of 9,130,221. ADT Inc. has a fifty-two week low of $6.68 and a fifty-two week high of $8.94. The business's fifty day moving average is $8.58 and its two-hundred day moving average is $8.28. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.37 and a current ratio of 0.46. The firm 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 released its earnings results on Thursday, July 24th. The security and automation business reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. ADT had a return on equity of 18.58% and a net margin of 12.30%.The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the firm posted $0.17 earnings per share. The company's quarterly revenue was up 6.8% on a year-over-year basis. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. As a group, research analysts expect that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Announces Dividend

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 given a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.6%. ADT's dividend payout ratio (DPR) is currently 33.33%.

Insider Activity at ADT

In other 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 transaction of $590,010,000.00. Following the sale, the insider owned 112,650,366 shares of the company's stock, valued at $936,124,541.46. This trade represents a 38.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

ADT 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.