Wedge Capital Management L L P NC Buys 373,000 Shares of ADT Inc. $ADT

Key Points

• Wedge Capital Management increased its ADT stake by 18% in the second quarter, buying 373,000 shares and bringing its holdings to 2.44 million shares, or 0.31% of the company.
• ADT reported quarterly EPS of $0.23, exceeding estimates by $0.01, while revenue reached $1.31 billion, up 1.9% year over year. The company also declared a quarterly dividend of $0.055 per share, representing a 2.9% annualized yield.
• ADT shares opened at $7.46, while analysts maintained an overall “Hold” rating with an average price target of $8.23. Institutional investors own 87.22% of the company.

Wedge Capital Management L L P NC boosted its stake in ADT Inc. (NYSE:ADT - Free Report) by 18.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,442,795 shares of the security and automation business's stock after acquiring an additional 373,000 shares during the period. Wedge Capital Management L L P NC owned 0.31% of ADT worth $15,878,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its position in shares of ADT by 503.0% in the 1st quarter. NewEdge Advisors LLC now owns 13,279 shares of the security and automation business's stock worth $108,000 after purchasing an additional 11,077 shares during the period. Caxton Associates LLP acquired a new stake in shares of ADT during the first quarter worth $296,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of ADT by 29.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,154,250 shares of the security and automation business's stock worth $9,396,000 after buying an additional 262,480 shares during the period. Focus Partners Wealth raised its stake in ADT by 75.9% during the first quarter. Focus Partners Wealth now owns 54,363 shares of the security and automation business's stock worth $442,000 after buying an additional 23,463 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new position in ADT during the second quarter worth $93,000. Institutional investors and hedge funds own 87.22% of the company's stock.

ADT Stock Performance

NYSE:ADT opened at $7.46 on Wednesday. The company has a fifty day moving average of $6.93 and a 200-day moving average of $7.07. The firm has a market capitalization of $5.45 billion, a P/E ratio of 10.51 and a beta of 1.00. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 2.14. ADT Inc. has a twelve month low of $6.24 and a twelve month high of $8.94.

ADT (NYSE:ADT - Get Free Report) last issued its earnings results on Thursday, July 30th. The security and automation business reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. ADT had a net margin of 11.85% and a return on equity of 18.99%. ADT's revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 earnings per share. ADT has set its FY 2026 guidance at 0.910-0.910 EPS. As a group, sell-side analysts anticipate that ADT Inc. will post 0.9 EPS for the current year.

ADT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.055 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.22 annualized dividend and a dividend yield of 2.9%. ADT's dividend payout ratio is currently 30.99%.

Analysts Set New Price Targets

A number of brokerages have commented on ADT. Morgan Stanley upped their price target on shares of ADT from $7.50 to $7.75 and gave the company an "equal weight" rating in a research report on Friday, July 31st. UBS Group set a $7.50 price objective on ADT in a research report on Friday, May 1st. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of ADT in a research note on Wednesday, July 15th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, ADT has an average rating of "Hold" and an average target price of $8.23.

Insider Activity

In related news, EVP Kimberly Miller acquired 3,625 shares of the business's stock in a transaction dated Thursday, May 14th. The shares were bought at an average price of $6.91 per share, with a total value of $25,048.75. Following the transaction, the executive vice president directly owned 55,984 shares of the company's stock, valued at $386,849.44. This trade represents a 6.92% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.00% of the stock is owned by company insiders.

About ADT

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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