Janus Henderson Group PLC lifted its holdings in ADT Inc. (NYSE:ADT – Free Report) by 33.0% in the 1st quarter, HoldingsChannel reports. The firm owned 3,387,488 shares of the security and automation business’s stock after purchasing an additional 840,819 shares during the quarter. Janus Henderson Group PLC’s holdings in ADT were worth $22,273,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. NewEdge Advisors LLC lifted its holdings in ADT by 503.0% in the first 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 bought a new stake in shares of ADT during the 1st quarter worth about $296,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of ADT by 29.4% in the 1st 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 acquiring an additional 262,480 shares during the period. Focus Partners Wealth boosted its holdings in shares of ADT by 75.9% in the first quarter. Focus Partners Wealth now owns 54,363 shares of the security and automation business’s stock valued at $442,000 after acquiring an additional 23,463 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new position in shares of ADT in the second quarter valued at approximately $93,000. 87.22% of the stock is currently owned by institutional investors.
ADT Stock Up 3.3%
NYSE ADT opened at $7.89 on Tuesday. ADT Inc. has a 12 month low of $6.24 and a 12 month high of $8.94. The company has a market capitalization of $5.79 billion, a P/E ratio of 11.12 and a beta of 1.00. The company’s 50 day simple moving average is $6.83 and its 200 day simple moving average is $7.09. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.69 and a quick ratio of 0.52.
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 paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.22 annualized dividend and a dividend yield of 2.8%. ADT’s dividend payout ratio (DPR) is currently 30.99%.
Insider Buying and Selling
In related news, EVP Kimberly Miller bought 3,625 shares of ADT stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $6.91 per share, with a total value of $25,048.75. Following the completion of the acquisition, the executive vice president directly owned 55,984 shares in the company, valued at approximately $386,849.44. This trade represents a 6.92% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Fawad Ahmad purchased 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was bought at an average price of $6.75 per share, with a total value of $50,625.00. Following the transaction, the executive vice president directly owned 302,334 shares in the company, valued at $2,040,754.50. This trade represents a 2.54% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 54,855 shares of company stock valued at $376,172. Insiders own 3.00% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms recently commented on ADT. UBS Group set a $7.50 price objective on shares of ADT in a research note on Friday, May 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ADT in a research note on Wednesday, July 15th. Finally, Morgan Stanley lifted their price target on ADT from $7.50 to $7.75 and gave the company an “equal weight” rating in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, ADT currently has an average rating of “Hold” and a consensus target price of $8.23.
Read Our Latest Research Report on ADT
ADT Company Profile
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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