Voya Investment Management LLC Raises Stock Holdings in ADT Inc. $ADT

Key Points

• Voya Investment Management LLC increased its stake in ADT Inc. by 48.8% during the first quarter, owning a total of 763,559 shares worth approximately $6.2 million.
• ADT recently announced a quarterly dividend of $0.055 per share, translating to an annualized dividend of $0.22 and a yield of 2.6%.
• Several analysts have provided mixed ratings for ADT, with a consensus rating of "Moderate Buy" and a price target of $9.34.

Voya Investment Management LLC boosted its holdings in shares of ADT Inc. (NYSE:ADT - Free Report) by 48.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 763,559 shares of the security and automation business's stock after buying an additional 250,399 shares during the period. Voya Investment Management LLC owned approximately 0.09% of ADT worth $6,215,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of ADT by 11.6% in 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 purchasing an additional 5,160,835 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of ADT by 21.6% in the first quarter. Dimensional Fund Advisors LP now owns 26,077,931 shares of the security and automation business's stock valued at $212,264,000 after purchasing an additional 4,624,120 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of ADT by 86.6% in the first quarter. AQR Capital Management LLC now owns 13,119,098 shares of the security and automation business's stock valued at $105,543,000 after purchasing an additional 6,089,671 shares during the last quarter. LSV Asset Management raised its holdings in shares of ADT by 15.7% in the first quarter. LSV Asset Management now owns 12,545,184 shares of the security and automation business's stock valued at $102,118,000 after purchasing an additional 1,701,861 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of ADT by 668.5% in the first quarter. Millennium Management LLC now owns 7,504,051 shares of the security and automation business's stock valued at $61,083,000 after purchasing an additional 6,527,539 shares during the last quarter. Institutional investors and hedge funds own 87.22% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ADT. Zacks Research upgraded shares of ADT to a "strong-buy" rating in a report on Tuesday, August 12th. Wall Street Zen upgraded shares of ADT from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Citigroup increased their price target on shares of ADT from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Finally, Morgan Stanley increased their price target on shares of ADT from $9.00 to $9.50 and gave the company an "equal weight" rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.34.

ADT Price Performance

Shares of ADT stock traded down $0.07 on Friday, reaching $8.58. The stock had a trading volume of 22,313,181 shares, compared to its average volume of 9,848,956. ADT Inc. has a 1 year low of $6.68 and a 1 year high of $8.94. The company has a market cap of $7.13 billion, a P/E ratio of 13.00 and a beta of 1.13. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.84. The business's 50 day moving average is $8.58 and its two-hundred day moving average is $8.29.

ADT (NYSE:ADT - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The security and automation business reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. ADT had a net margin of 12.30% and a return on equity of 18.58%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the firm posted $0.17 earnings per share. The company's revenue for the quarter 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 anticipate 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. Investors of record on Thursday, September 11th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, September 11th. ADT's dividend payout ratio (DPR) is currently 33.33%.

Insiders Place Their Bets

In related news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the firm'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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.70% of the stock is 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.