ADT Inc. $ADT Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in ADT Inc. by 11.6% in the first quarter, acquiring an additional 5,160,835 shares and owning about 5.94% of the company, valued at approximately $404.7 million.
• Major shareholder Apollo Management Holdings sold 71,000,000 shares at an average price of $8.31, representing a 38.66% decrease in their ownership.
• ADT plans to pay a quarterly dividend of $0.055 per share on October 2nd, resulting in an annual yield of 2.5% based on current share prices.

Vanguard Group Inc. raised its position in shares of ADT Inc. (NYSE:ADT - Free Report) by 11.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,715,950 shares of the security and automation business's stock after purchasing an additional 5,160,835 shares during the quarter. Vanguard Group Inc. owned 5.94% of ADT worth $404,688,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc bought a new stake in shares of ADT during the first quarter valued at approximately $35,000. True Wealth Design LLC bought a new position in ADT during the fourth quarter valued at $36,000. Federated Hermes Inc. increased its position in ADT by 15.8% during the fourth quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock valued at $73,000 after acquiring an additional 1,449 shares during the last quarter. Quarry LP bought a new position in ADT during the fourth quarter valued at $80,000. Finally, Northwest Wealth Management LLC purchased a new stake in shares of ADT during the first quarter valued at $87,000. Institutional investors own 87.22% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Morgan Stanley boosted their target price 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. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $9.00 target price on shares of ADT in a report on Monday, April 21st. Wall Street Zen downgraded shares of ADT from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Zacks Research upgraded shares of ADT to a "strong-buy" rating in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $9.18.

ADT Stock Performance

ADT stock traded up $0.1650 during mid-day trading on Tuesday, hitting $8.8150. The company had a trading volume of 6,177,706 shares, compared to its average volume of 15,012,989. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.84. ADT Inc. has a 12-month low of $6.68 and a 12-month high of $8.85. The company's fifty day moving average is $8.41 and its 200-day moving average is $8.10. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 13.36 and a beta of 1.20.

ADT (NYSE:ADT - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The security and automation business reported $0.23 EPS 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 business 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 EPS. The business's quarterly revenue was up 6.8% compared to the same quarter last year. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. Equities research analysts predict that ADT Inc. will post 0.7 EPS for the current year.

ADT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a $0.055 dividend. 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 2.5%. ADT's dividend payout ratio (DPR) is 33.33%.

Insider Activity

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the firm's stock in a transaction on 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 completion of the sale, the insider directly 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is owned by company 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.