Wasatch Advisors LP boosted its position in ADT Inc. (NYSE:ADT – Free Report) by 19.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,427,968 shares of the security and automation business’s stock after buying an additional 1,382,292 shares during the quarter. Wasatch Advisors LP’s holdings in ADT were worth $54,782,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC lifted its holdings in ADT by 503.0% during the 1st quarter. NewEdge Advisors LLC now owns 13,279 shares of the security and automation business’s stock worth $108,000 after buying an additional 11,077 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of ADT in the 1st quarter valued at approximately $296,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of ADT by 29.4% during 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 valued at $9,396,000 after acquiring an additional 262,480 shares in the last quarter. Focus Partners Wealth raised its position in shares of ADT by 75.9% during the 1st 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 ADT during the second quarter worth $93,000. Institutional investors and hedge funds own 87.22% of the company’s stock.
Analysts Set New Price Targets
ADT has been the subject of a number of research reports. UBS Group set a $7.50 price objective on shares of ADT in a report on Friday, May 1st. Weiss Ratings reissued a “hold (c)” rating on shares of ADT in a report on Wednesday, July 15th. Finally, Morgan Stanley raised their price target on shares of ADT from $7.50 to $7.75 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $8.23.
Insider Transactions at ADT
In other news, EVP Kimberly Miller purchased 3,625 shares of ADT stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of $6.91 per share, with a total value of $25,048.75. Following the completion of the acquisition, the executive vice president owned 55,984 shares in the company, valued at $386,849.44. The trade was a 6.92% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.
ADT Stock Down 0.6%
NYSE:ADT opened at $7.46 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 2.14. The stock has a 50 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 PE ratio of 10.51 and a beta of 1.00. ADT Inc. has a 52 week low of $6.24 and a 52 week high of $8.94.
ADT (NYSE:ADT – Get Free Report) last announced its quarterly 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. ADT had a return on equity of 18.99% and a net margin of 11.85%.The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the business posted $0.23 EPS. The business’s revenue was up 1.9% on a year-over-year basis. ADT has set its FY 2026 guidance at 0.910-0.910 EPS. Analysts predict that ADT Inc. will post 0.9 EPS for the current year.
ADT Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Thursday, September 10th. ADT’s dividend payout ratio (DPR) is presently 30.99%.
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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