111 Capital Buys New Stake in ADT Inc. $ADT

111 Capital bought a new stake in ADT Inc. (NYSE:ADT) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 63,520 shares of the security and automation business’s stock, valued at approximately $538,000.

Several other large investors have also recently made changes to their positions in ADT. Wealth Enhancement Advisory Services LLC lifted its stake in shares of ADT by 469.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 110,190 shares of the security and automation business’s stock valued at $761,000 after purchasing an additional 90,852 shares during the period. GAMMA Investing LLC lifted its stake in shares of ADT by 1,949.5% in the 1st quarter. GAMMA Investing LLC now owns 15,556 shares of the security and automation business’s stock valued at $127,000 after purchasing an additional 14,797 shares during the period. Rhumbline Advisers lifted its stake in shares of ADT by 16.5% in the 1st quarter. Rhumbline Advisers now owns 316,421 shares of the security and automation business’s stock valued at $2,576,000 after purchasing an additional 44,817 shares during the period. Merit Financial Group LLC lifted its stake in shares of ADT by 210.7% in the 1st quarter. Merit Financial Group LLC now owns 81,494 shares of the security and automation business’s stock valued at $663,000 after purchasing an additional 55,262 shares during the period. Finally, Wedge Capital Management L L P NC lifted its stake in shares of ADT by 25.2% in the 1st quarter. Wedge Capital Management L L P NC now owns 378,900 shares of the security and automation business’s stock valued at $3,084,000 after purchasing an additional 76,233 shares during the period. 87.22% of the stock is currently owned by institutional investors and hedge funds.

ADT Price Performance

ADT stock opened at $8.80 on Monday. ADT Inc. has a 52-week low of $6.68 and a 52-week high of $8.94. The firm has a market capitalization of $7.31 billion, a price-to-earnings ratio of 13.33 and a beta of 1.05. The company has a fifty day simple moving average of $8.63 and a 200-day simple moving average of $8.37. The company has a quick ratio of 0.37, a current ratio of 0.46 and a debt-to-equity ratio of 1.84.

ADT (NYSE:ADT) last released its earnings results on Thursday, July 24th. The security and automation business reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. ADT had a net margin of 12.30% and a return on equity of 18.58%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the firm earned $0.17 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. On average, equities analysts anticipate that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a dividend of $0.055 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.5%. ADT’s dividend payout ratio is presently 33.33%.

Insider Activity

In other news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the company’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $8.31, for a total transaction of $590,010,000.00. Following the completion of the sale, the insider owned 112,650,366 shares of the company’s stock, valued at $936,124,541.46. This represents a 38.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of ADT from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Zacks Research cut shares of ADT from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Wall Street Zen cut shares of ADT from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 28th. Citigroup upped their price objective on shares of ADT from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of ADT in a research report on Saturday, September 27th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $9.34.

ADT Company Profile

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.