Empowered Funds LLC Purchases New Stake in ADT Inc. $ADT

Empowered Funds LLC purchased a new stake in shares of ADT Inc. (NYSE:ADT) during the first quarter, HoldingsChannel reports. The institutional investor purchased 883,971 shares of the security and automation business’s stock, valued at approximately $7,196,000.

Several other large investors also recently made changes to their positions in the business. Jane Street Group LLC raised its stake in shares of ADT by 7,745.1% in the 1st quarter. Jane Street Group LLC now owns 3,444,613 shares of the security and automation business’s stock valued at $28,039,000 after acquiring an additional 3,400,705 shares during the period. Allspring Global Investments Holdings LLC raised its position in ADT by 366.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 74,204 shares of the security and automation business’s stock valued at $606,000 after purchasing an additional 58,292 shares during the period. Amalgamated Bank lifted its stake in shares of ADT by 36.8% during the first quarter. Amalgamated Bank now owns 19,660 shares of the security and automation business’s stock worth $160,000 after purchasing an additional 5,287 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of ADT by 93.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 212,728 shares of the security and automation business’s stock worth $1,732,000 after buying an additional 102,538 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of ADT by 259.5% in the first quarter. American Century Companies Inc. now owns 613,889 shares of the security and automation business’s stock valued at $4,997,000 after buying an additional 443,121 shares in the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

ADT Stock Performance

ADT stock opened at $8.61 on Thursday. ADT Inc. has a 52 week low of $6.68 and a 52 week high of $8.89. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.84. The stock has a market cap of $7.15 billion, a P/E ratio of 13.04 and a beta of 1.13. The stock has a 50 day moving average of $8.55 and a 200-day moving average of $8.23.

ADT (NYSE:ADT) last issued its quarterly 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 previous year, the firm earned $0.17 earnings per share. The business’s revenue 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, analysts expect that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.22 annualized dividend and a dividend yield of 2.6%. ADT’s dividend payout ratio (DPR) is presently 33.33%.

Insider Buying and Selling

In related news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of ADT stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $8.31, for a total value of $590,010,000.00. Following the completion of the transaction, the insider directly owned 112,650,366 shares in the company, valued at approximately $936,124,541.46. This trade represents a 38.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on ADT. Wall Street Zen lowered ADT from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Zacks Research raised shares of ADT to a “strong-buy” rating in a research report on Tuesday, August 12th. Morgan Stanley upped their target price on shares of ADT from $9.00 to $9.50 and gave the company an “equal weight” rating in a research note on Monday, July 28th. Finally, Citigroup lifted their price target on shares of ADT from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.34.

ADT 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.