Sound Income Strategies LLC Purchases 52,472 Shares of ADT Inc. $ADT

Key Points

• Sound Income Strategies LLC increased its stake in ADT Inc. by 5.9%, acquiring an additional 52,472 shares, bringing their total ownership to approximately 936,454 shares valued at $7.93 million.
• ADT reported earnings per share of $0.23 for the last quarter, surpassing estimates and showing a revenue increase of 6.8% year-over-year.
• The company's stock recently faced mixed ratings from analysts, with a consensus rating of "Hold" and price targets ranging from $9.00 to $10.00.

Sound Income Strategies LLC raised its position in shares of ADT Inc. (NYSE:ADT - Free Report) by 5.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 936,454 shares of the security and automation business's stock after acquiring an additional 52,472 shares during the period. Sound Income Strategies LLC owned approximately 0.11% of ADT worth $7,932,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ADT. GAMMA Investing LLC boosted its stake in shares of ADT by 69.5% in the second quarter. GAMMA Investing LLC now owns 3,240 shares of the security and automation business's stock valued at $27,000 after buying an additional 1,329 shares during the period. Versant Capital Management Inc bought a new stake in shares of ADT in the first quarter valued at approximately $35,000. AlphaQuest LLC boosted its stake in shares of ADT by 80.9% in the first quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business's stock valued at $43,000 after buying an additional 2,370 shares during the period. Bayforest Capital Ltd bought a new stake in shares of ADT in the first quarter valued at approximately $74,000. Finally, Northwest Wealth Management LLC bought a new stake in shares of ADT in the first quarter valued at approximately $87,000. Institutional investors own 87.22% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wall Street Zen cut ADT from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Citigroup boosted their price target on ADT from $9.00 to $10.00 and gave the company a "buy" rating in a research note on Tuesday, August 26th. Morgan Stanley boosted their price target on ADT from $9.00 to $9.50 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Finally, Zacks Research cut ADT from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 22nd. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $9.34.

ADT Stock Up 2.4%

NYSE ADT opened at $8.81 on Monday. The business has a fifty day moving average price of $8.61 and a two-hundred day moving average price of $8.33. 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 fifty-two week low of $6.68 and a fifty-two week high of $8.94. The stock has a market capitalization of $7.32 billion, a PE ratio of 13.35 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, topping 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 during the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the prior year, the company earned $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. Equities analysts expect that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Announces Dividend

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

Insider Activity

In other news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $8.31, for a total transaction of $590,010,000.00. Following the completion of the transaction, the insider directly owned 112,650,366 shares in the company, valued at approximately $936,124,541.46. This represents a 38.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.

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