Northern Trust Corp grew its position in ADT Inc. (NYSE:ADT - Free Report) by 22.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,192,589 shares of the security and automation business's stock after acquiring an additional 394,794 shares during the period. Northern Trust Corp owned about 0.24% of ADT worth $15,151,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of ADT. Atria Investments Inc grew its stake in shares of ADT by 9.9% in the 4th quarter. Atria Investments Inc now owns 15,008 shares of the security and automation business's stock valued at $104,000 after buying an additional 1,358 shares during the period. Federated Hermes Inc. raised its stake in ADT by 15.8% during the 4th quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock worth $73,000 after acquiring an additional 1,449 shares in the last quarter. Highland Capital Management LLC grew its position in ADT by 6.5% during the 4th quarter. Highland Capital Management LLC now owns 29,453 shares of the security and automation business's stock worth $204,000 after purchasing an additional 1,810 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of ADT by 6.3% in the fourth quarter. Wells Fargo & Company MN now owns 35,827 shares of the security and automation business's stock valued at $248,000 after acquiring an additional 2,113 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in ADT by 15.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 24,540 shares of the security and automation business's stock worth $170,000 after buying an additional 3,366 shares in the last quarter. Institutional investors and hedge funds own 87.22% of the company's stock.
Insider Buying and Selling
In related news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of ADT stock in a transaction on Monday, May 12th. The shares were sold at an average price of $8.02, for a total transaction of $401,000,000.00. Following the completion of the transaction, the insider now owns 228,650,366 shares of the company's stock, valued at $1,833,775,935.32. This trade represents a 17.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is currently owned by company insiders.
ADT Stock Performance
NYSE ADT opened at $8.47 on Friday. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of 9.21 and a beta of 1.29. The company has a 50 day moving average of $7.96 and a 200-day moving average of $7.59. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. ADT Inc. has a 1-year low of $6.53 and a 1-year high of $8.71.
ADT (NYSE:ADT - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. ADT had a net margin of 18.18% and a return on equity of 17.77%. The company had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.25 billion. During the same period last year, the firm posted $0.16 earnings per share. The business's quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities analysts forecast that ADT Inc. will post 0.7 earnings per share for the current fiscal year.
ADT Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.055 per share. The ex-dividend date is Thursday, June 12th. This represents a $0.22 annualized dividend and a dividend yield of 2.60%. ADT's dividend payout ratio is presently 37.93%.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the stock. Barclays raised shares of 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 report on Friday, April 4th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $9.00 target price on shares of ADT in a report on Monday, April 21st.
Read Our Latest Stock Analysis on ADT
About ADT
(
Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider ADT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ADT wasn't on the list.
While ADT currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
