Nordea Investment Management AB decreased its position in ADT Inc. (NYSE:ADT – Free Report) by 12.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,240,251 shares of the security and automation business’s stock after selling 168,489 shares during the period. Nordea Investment Management AB owned approximately 0.15% of ADT worth $9,965,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Lingohr Asset Management GmbH acquired a new stake in ADT during the third quarter valued at approximately $4,564,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of ADT by 6,218.9% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 161,194 shares of the security and automation business’s stock valued at $1,404,000 after buying an additional 158,643 shares in the last quarter. Brighton Jones LLC increased its holdings in shares of ADT by 259.0% in the 3rd quarter. Brighton Jones LLC now owns 202,940 shares of the security and automation business’s stock valued at $1,768,000 after purchasing an additional 146,408 shares during the period. Alps Advisors Inc. increased its stake in ADT by 325.0% in the 3rd quarter. Alps Advisors Inc. now owns 647,605 shares of the security and automation business’s stock valued at $5,641,000 after buying an additional 495,218 shares during the period. Finally, Horizon Investment Services LLC purchased a new stake in shares of ADT during the third quarter worth $1,508,000. Institutional investors own 87.22% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on ADT. Zacks Research raised shares of ADT from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Citigroup cut their target price on shares of ADT from $10.00 to $8.50 and set a “buy” rating for the company in a research note on Wednesday, March 4th. The Goldman Sachs Group reiterated a “buy” rating and issued a $10.40 price objective on shares of ADT in a research report on Monday, March 2nd. Morgan Stanley decreased their target price on shares of ADT from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 3rd. Finally, Barclays reiterated an “underweight” rating and issued a $7.00 price target on shares of ADT in a research report on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, ADT has a consensus rating of “Hold” and an average price target of $8.38.
ADT Stock Up 1.0%
ADT stock opened at $6.61 on Thursday. The company’s 50 day simple moving average is $7.48 and its 200 day simple moving average is $8.05. The firm has a market capitalization of $5.42 billion, a price-to-earnings ratio of 10.01 and a beta of 1.00. ADT Inc. has a fifty-two week low of $6.25 and a fifty-two week high of $8.94. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.93 and a quick ratio of 0.73.
ADT (NYSE:ADT – Get Free Report) last posted its earnings results on Monday, March 2nd. The security and automation business reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. ADT had a return on equity of 19.16% and a net margin of 11.60%.The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the business earned $0.20 EPS. ADT’s revenue for the quarter was up 1.3% compared to the same quarter last year. ADT has set its FY 2026 guidance at 0.890-0.890 EPS. As a group, sell-side analysts anticipate that ADT Inc. will post 0.7 EPS for the current year.
ADT Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, March 12th will be given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Thursday, March 12th. ADT’s dividend payout ratio (DPR) is presently 33.33%.
Insider Transactions at ADT
In related news, EVP David A. Scott bought 7,300 shares of ADT stock in a transaction that occurred on Thursday, March 5th. The stock was acquired at an average price of $6.72 per share, with a total value of $49,056.00. Following the acquisition, the executive vice president owned 7,300 shares of the company’s stock, valued at approximately $49,056. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is owned by corporate 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.
See Also
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