Wedge Capital Management L L P NC Acquires 373,000 Shares of ADT Inc. $ADT

Wedge Capital Management L L P NC lifted its stake in shares of ADT Inc. (NYSE:ADT) by 18.0% during the second quarter, HoldingsChannel.com reports. The firm owned 2,442,795 shares of the security and automation business’s stock after purchasing an additional 373,000 shares during the quarter. Wedge Capital Management L L P NC’s holdings in ADT were worth $15,878,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in ADT. Los Angeles Capital Management LLC bought a new stake in shares of ADT during the fourth quarter valued at about $28,000. IFP Advisors Inc grew its stake in ADT by 1,759.1% during the third quarter. IFP Advisors Inc now owns 3,997 shares of the security and automation business’s stock valued at $35,000 after acquiring an additional 3,782 shares in the last quarter. Osaic Holdings Inc. grew its stake in ADT by 39.9% during the second quarter. Osaic Holdings Inc. now owns 4,351 shares of the security and automation business’s stock valued at $37,000 after acquiring an additional 1,240 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in ADT by 151.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,957 shares of the security and automation business’s stock worth $33,000 after acquiring an additional 2,985 shares during the period. Finally, Fairscale Capital LLC purchased a new stake in ADT in the 4th quarter worth approximately $41,000. Institutional investors own 87.22% of the company’s stock.

ADT Stock Performance

NYSE ADT opened at $7.46 on Wednesday. The company has a fifty day moving average of $6.93 and a 200-day moving average of $7.07. ADT Inc. has a 52-week low of $6.24 and a 52-week high of $8.94. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.52 and a current ratio of 0.69. The company has a market capitalization of $5.45 billion, a P/E ratio of 10.51 and a beta of 1.00.

ADT (NYSE:ADT) last posted its quarterly earnings data on Thursday, July 30th. The security and automation business reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. ADT had a return on equity of 18.99% and a net margin of 11.85%.The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 EPS. ADT has set its FY 2026 guidance at 0.910-0.910 EPS. As a group, equities research analysts predict that ADT Inc. will post 0.9 EPS for the current fiscal year.

ADT Announces Dividend

The company 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. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.22 annualized dividend and a yield of 2.9%. ADT’s dividend payout ratio is currently 30.99%.

Insider Buying and Selling

In other ADT news, EVP Kimberly Miller purchased 3,625 shares of ADT stock in a transaction on Thursday, May 14th. The shares were acquired at an average cost of $6.91 per share, for a total transaction of $25,048.75. Following the completion of the transaction, the executive vice president directly owned 55,984 shares of the company’s stock, valued at approximately $386,849.44. The trade was a 6.92% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 3.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. UBS Group set a $7.50 price objective on ADT in a research report on Friday, May 1st. Weiss Ratings restated a “hold (c)” rating on shares of ADT in a research note on Wednesday, July 15th. Finally, Morgan Stanley raised their price target on ADT from $7.50 to $7.75 and gave the company an “equal weight” rating in a report on Friday, July 31st. Two 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $8.23.

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.