178,746 Shares in ADT Inc. $ADT Purchased by Redwood Investment Management LLC

Redwood Investment Management LLC acquired a new position in ADT Inc. (NYSE:ADT) during the 2nd quarter, HoldingsChannel reports. The fund acquired 178,746 shares of the security and automation business’s stock, valued at approximately $1,162,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADT. Norges Bank purchased a new position in ADT in the fourth quarter valued at about $192,996,000. AQR Capital Management LLC increased its stake in shares of ADT by 124.6% during the 3rd quarter. AQR Capital Management LLC now owns 36,160,099 shares of the security and automation business’s stock worth $314,954,000 after purchasing an additional 20,062,625 shares during the last quarter. Wasatch Advisors LP purchased a new stake in shares of ADT during the 4th quarter worth approximately $56,927,000. Bank of New York Mellon Corp bought a new stake in shares of ADT in the 2nd quarter worth approximately $34,130,000. Finally, Zimmer Partners LP raised its holdings in shares of ADT by 164.8% in the 3rd quarter. Zimmer Partners LP now owns 8,077,811 shares of the security and automation business’s stock worth $70,358,000 after purchasing an additional 5,026,754 shares during the period. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

ADT Price Performance

ADT opened at $7.43 on Thursday. ADT Inc. has a 12 month low of $6.24 and a 12 month high of $8.94. The company has a market cap of $5.43 billion, a PE ratio of 10.46 and a beta of 1.00. 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 company has a 50 day moving average of $7.07 and a 200 day moving average of $7.03.

ADT (NYSE:ADT) last posted its 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 firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the business posted $0.23 earnings per share. The business’s quarterly revenue was up 1.9% on a year-over-year basis. ADT has set its FY 2026 guidance at 0.910-0.910 EPS. On average, sell-side analysts expect that ADT Inc. will post 0.9 EPS for the current year.

ADT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.22 dividend on an annualized basis and a yield of 3.0%. ADT’s dividend payout ratio is 30.99%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ADT shares. BTIG Research initiated coverage on ADT in a report on Monday, August 17th. They set a “neutral” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of ADT in a research note on Wednesday, July 15th. Morgan Stanley upped 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, July 31st. Finally, UBS Group set a $7.50 price objective on ADT in a report on Friday, May 1st. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $8.23.

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.