Employees Retirement System of Texas reduced its position in shares of ADT Inc. (NYSE:ADT – Free Report) by 36.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 208,658 shares of the security and automation business’s stock after selling 117,252 shares during the quarter. Employees Retirement System of Texas’ holdings in ADT were worth $1,684,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADT. NewEdge Advisors LLC raised its position in ADT by 503.0% during the first quarter. NewEdge Advisors LLC now owns 13,279 shares of the security and automation business’s stock worth $108,000 after acquiring an additional 11,077 shares in the last quarter. Caxton Associates LLP bought a new stake in ADT during the first quarter worth $296,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in ADT by 29.4% during the first 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 worth $9,396,000 after acquiring an additional 262,480 shares in the last quarter. Focus Partners Wealth raised its position in ADT by 75.9% during the first quarter. Focus Partners Wealth now owns 54,363 shares of the security and automation business’s stock worth $442,000 after acquiring an additional 23,463 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in ADT during the second quarter worth $93,000. 87.22% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research firms recently weighed in on ADT. Barclays reissued an “underweight” rating and set a $7.00 target price on shares of ADT in a report on Friday, March 6th. Citigroup decreased their target price on ADT from $10.00 to $8.50 and set a “buy” rating on the stock in a report on Wednesday, March 4th. The Goldman Sachs Group reissued a “buy” rating and set a $10.40 target price on shares of ADT in a report on Monday, March 2nd. Zacks Research raised ADT from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Finally, Morgan Stanley decreased their target price on ADT from $9.00 to $7.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 3rd. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.08.
Insiders Place Their Bets
In other news, EVP Kimberly Miller purchased 3,625 shares of ADT stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average cost of $6.91 per share, for a total transaction of $25,048.75. Following the purchase, the executive vice president directly owned 55,984 shares of the company’s stock, valued at $386,849.44. This trade represents a 6.92% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Omar Khan purchased 7,280 shares of ADT stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average price of $6.88 per share, with a total value of $50,086.40. Following the completion of the purchase, the executive vice president directly owned 7,280 shares in the company, valued at $50,086.40. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 62,155 shares of company stock worth $425,228 over the last three months. 3.00% of the stock is currently owned by corporate insiders.
ADT Stock Down 1.4%
ADT stock opened at $6.84 on Thursday. The business’s 50 day simple moving average is $6.87 and its 200 day simple moving average is $7.53. The firm has a market capitalization of $5.41 billion, a PE ratio of 9.76 and a beta of 1.06. ADT Inc. has a 1-year low of $6.25 and a 1-year high of $8.94. The company has a current ratio of 0.84, a quick ratio of 0.67 and a debt-to-equity ratio of 1.94.
ADT (NYSE:ADT – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The security and automation business reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $1.27 billion. ADT had a return on equity of 19.23% and a net margin of 12.12%.The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 EPS. ADT has set its FY 2026 guidance at 0.890-0.890 EPS. As a group, research analysts anticipate that ADT Inc. will post 0.87 EPS for the current year.
ADT Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Thursday, June 11th will be paid a $0.055 dividend. The ex-dividend date is Thursday, June 11th. This represents a $0.22 annualized dividend and a yield of 3.2%. ADT’s payout ratio is 31.43%.
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.
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