SEB Asset Management AB Acquires Shares of 388,687 ADT Inc. $ADT

Key Points

• SEB Asset Management AB opened a new position in ADT during the first quarter, buying 388,687 shares valued at about $2.55 million.
• Institutional interest in ADT remains high, with hedge funds and other large investors owning 87.22% of the company’s shares. Several firms also increased their stakes in the quarter.
• ADT recently posted better-than-expected earnings, reporting $0.23 EPS versus $0.21 expected, and it also pays a quarterly dividend that annualizes to a 3.2% yield.

SEB Asset Management AB bought a new position in shares of ADT Inc. (NYSE:ADT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 388,687 shares of the security and automation business's stock, valued at approximately $2,554,000.

Other large investors have also recently modified their holdings of the company. Bessemer Group Inc. increased its stake in shares of ADT by 116.7% in the 1st quarter. Bessemer Group Inc. now owns 114,659 shares of the security and automation business's stock valued at $753,000 after purchasing an additional 61,759 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of ADT by 35.9% during the 1st quarter. Bank of New York Mellon Corp now owns 4,867,511 shares of the security and automation business's stock worth $31,980,000 after buying an additional 1,286,322 shares during the last quarter. Illinois Municipal Retirement Fund boosted its stake in ADT by 41.8% in the first quarter. Illinois Municipal Retirement Fund now owns 844,938 shares of the security and automation business's stock valued at $5,551,000 after buying an additional 249,250 shares in the last quarter. Maryland State Retirement & Pension System boosted its stake in ADT by 290.2% in the first quarter. Maryland State Retirement & Pension System now owns 99,303 shares of the security and automation business's stock valued at $652,000 after buying an additional 73,851 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in ADT in the first quarter valued at about $168,000. Institutional investors and hedge funds own 87.22% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ADT shares. Weiss Ratings reiterated a "hold (c)" rating on shares of ADT in a research report on Wednesday, July 15th. UBS Group set a $7.50 target price on ADT in a report on Friday, May 1st. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $8.08.

Insider Activity

In other news, Director Daniel Joseph Houston bought 36,450 shares of the firm's stock in a transaction on Friday, May 8th. The stock was acquired at an average price of $6.87 per share, with a total value of $250,411.50. Following the transaction, the director owned 74,812 shares of the company's stock, valued at $513,958.44. This trade represents a 95.02% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Omar Khan purchased 7,280 shares of the company's stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of $6.88 per share, for a total transaction of $50,086.40. Following the transaction, the executive vice president directly owned 7,280 shares in the company, valued at approximately $50,086.40. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 54,855 shares of company stock worth $376,172. 3.00% of the stock is owned by company insiders.

ADT Stock Down 1.3%

Shares of NYSE:ADT opened at $6.81 on Friday. The firm has a market cap of $4.99 billion, a P/E ratio of 9.73 and a beta of 1.01. ADT Inc. has a 12-month low of $6.24 and a 12-month high of $8.94. The business has a fifty day simple moving average of $6.76 and a 200 day simple moving average of $7.13. The company has a quick ratio of 0.67, a current ratio of 0.84 and a debt-to-equity ratio of 1.94.

ADT (NYSE:ADT - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The security and automation business reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.02. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $1.27 billion. ADT had a return on equity of 19.23% and a net margin of 12.12%.The business's revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 EPS. ADT has set its FY 2026 guidance at 0.890-0.890 EPS. Analysts predict that ADT Inc. will post 0.87 earnings per share for the current year.

ADT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Thursday, June 11th were issued a $0.055 dividend. The ex-dividend date was Thursday, June 11th. This represents a $0.22 annualized dividend and a yield of 3.2%. ADT's dividend payout ratio is presently 31.43%.

ADT Profile

ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.

Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.

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