Northern Trust Corp Has $15.15 Million Stock Holdings in ADT Inc. (NYSE:ADT)

Northern Trust Corp grew its stake in shares of ADT Inc. (NYSE:ADT - Free Report) by 22.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,192,589 shares of the security and automation business's stock after buying an additional 394,794 shares during the period. Northern Trust Corp owned approximately 0.24% of ADT worth $15,151,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in ADT in the 4th quarter worth about $62,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of ADT during the 4th quarter valued at $73,000. Magnetar Financial LLC purchased a new position in ADT during the fourth quarter worth about $73,000. Federated Hermes Inc. lifted its stake 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 worth $73,000 after purchasing an additional 1,449 shares during the last quarter. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of ADT in the 4th quarter valued at about $74,000. Institutional investors and hedge funds own 87.22% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ADT shares. Barclays upgraded ADT from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $7.00 to $9.00 in a research note on Friday, April 4th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $9.00 price target on shares of ADT in a research report on Monday, April 21st.

ADT Stock Down 0.2%

Shares of ADT traded down $0.02 during midday trading on Wednesday, reaching $8.50. The stock had a trading volume of 742,689 shares, compared to its average volume of 9,064,358. ADT Inc. has a 1-year low of $6.53 and a 1-year high of $8.71. The company's fifty day simple moving average is $8.02 and its two-hundred day simple moving average is $7.62. The company has a market cap of $7.11 billion, a price-to-earnings ratio of 9.24 and a beta of 1.29. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64.

ADT (NYSE:ADT - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The security and automation business reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. The firm had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.25 billion. ADT had a net margin of 18.18% and a return on equity of 17.77%. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.16 earnings per share. Equities research analysts expect that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.055 per share. The ex-dividend date is Thursday, June 12th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.59%. ADT's payout ratio is currently 37.93%.

Insider Activity at ADT

In other news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $8.02, for a total value of $401,000,000.00. Following the completion of the sale, the insider now directly owns 228,650,366 shares of the company's stock, valued at $1,833,775,935.32. This represents a 17.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is currently 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.