Wealth Enhancement Advisory Services LLC Boosts Stake in ADT Inc. $ADT

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in ADT Inc. by 36.6%, now owning 290,594 shares valued at approximately $2.46 million.
• ADT reported a Q2 earnings per share of $0.23, surpassing estimates, with revenue of $1.29 billion, reflecting a 6.8% year-over-year growth.
• The company also announced a quarterly dividend of $0.055, payable on October 2, which represents an annual yield of 2.5%.

Wealth Enhancement Advisory Services LLC lifted its stake in shares of ADT Inc. (NYSE:ADT - Free Report) by 36.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 290,594 shares of the security and automation business's stock after buying an additional 77,866 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in ADT were worth $2,461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in ADT. GTS Securities LLC boosted its position in ADT by 234.7% in the 4th quarter. GTS Securities LLC now owns 14,820 shares of the security and automation business's stock valued at $102,000 after buying an additional 25,820 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of ADT by 6.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 121,225 shares of the security and automation business's stock worth $838,000 after buying an additional 7,690 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of ADT in the fourth quarter valued at approximately $1,654,000. Versant Capital Management Inc purchased a new stake in ADT during the 1st quarter valued at about $35,000. Finally, GAMMA Investing LLC boosted its position in shares of ADT by 1,949.5% during the first quarter. GAMMA Investing LLC now owns 15,556 shares of the security and automation business's stock valued at $127,000 after purchasing an additional 14,797 shares in the last quarter. Institutional investors and hedge funds own 87.22% of the company's stock.

ADT Trading Up 2.4%

Shares of ADT opened at $8.81 on Friday. 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 company has a market capitalization of $7.32 billion, a P/E ratio of 13.35 and a beta of 1.13. ADT Inc. has a one year low of $6.68 and a one year high of $8.94. The stock has a 50-day moving average price of $8.61 and a 200 day moving average price of $8.32.

ADT (NYSE:ADT - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The security and automation business reported $0.23 earnings per share (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 company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the prior year, the business posted $0.17 earnings per share. The company's revenue for the quarter was up 6.8% compared to the same quarter last year. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. Sell-side analysts forecast that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a $0.055 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.22 annualized dividend and a dividend yield of 2.5%. ADT's payout ratio is currently 33.33%.

Insiders Place Their Bets

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 transaction of $590,010,000.00. Following the transaction, the insider owned 112,650,366 shares in the company, valued at $936,124,541.46. This trade represents a 38.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.70% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Morgan Stanley raised 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. Zacks Research cut ADT from a "strong-buy" rating to a "hold" rating in a report on Monday, September 22nd. Citigroup boosted their price objective on ADT from $9.00 to $10.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. Finally, Wall Street Zen downgraded shares of ADT from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $9.34.

ADT Company 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.

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