Principal Financial Group Inc. increased its holdings in ADT Inc. (NYSE:ADT – Free Report) by 17,352.6% in the first quarter, Holdings Channel reports. The fund owned 2,462,039 shares of the security and automation business’s stock after purchasing an additional 2,447,932 shares during the quarter. Principal Financial Group Inc.’s holdings in ADT were worth $16,176,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of ADT in the 4th quarter valued at about $192,996,000. AQR Capital Management LLC boosted its stake in shares of ADT by 124.6% during the third quarter. AQR Capital Management LLC now owns 36,160,099 shares of the security and automation business’s stock valued at $314,954,000 after purchasing an additional 20,062,625 shares in the last quarter. Wasatch Advisors LP bought a new position in shares of ADT during the fourth quarter valued at approximately $56,927,000. Zimmer Partners LP increased its holdings in ADT by 164.8% during the third quarter. Zimmer Partners LP now owns 8,077,811 shares of the security and automation business’s stock valued at $70,358,000 after buying an additional 5,026,754 shares during the period. Finally, Two Sigma Investments LP increased its holdings in ADT by 275.6% during the third quarter. Two Sigma Investments LP now owns 5,483,043 shares of the security and automation business’s stock valued at $47,757,000 after buying an additional 4,023,072 shares during the period. 87.22% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
ADT has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of ADT in a research note on Wednesday, July 15th. UBS Group set a $7.50 price target on ADT in a report on Friday, May 1st. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $8.08.
ADT Trading Up 0.1%
ADT stock opened at $6.89 on Thursday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.67 and a current ratio of 0.84. The stock has a market cap of $5.06 billion, a PE ratio of 9.85 and a beta of 1.01. The stock has a 50-day moving average of $6.76 and a two-hundred day moving average of $7.14. ADT Inc. has a one year low of $6.24 and a one year high of $8.94.
ADT (NYSE:ADT – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The security and automation business reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. ADT had a return on equity of 19.23% and a net margin of 12.12%.The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The company’s revenue was up .9% on a year-over-year basis. ADT has set its FY 2026 guidance at 0.890-0.890 EPS. On average, research analysts anticipate that ADT Inc. will post 0.87 EPS for the current fiscal year.
ADT Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Thursday, June 11th were paid a $0.055 dividend. The ex-dividend date was Thursday, June 11th. This represents a $0.22 dividend on an annualized basis and a yield of 3.2%. ADT’s dividend payout ratio (DPR) is 31.43%.
Insider Activity at ADT
In related news, Director Daniel Joseph Houston bought 36,450 shares of the company’s stock in a transaction on Friday, May 8th. The shares were bought at an average price of $6.87 per share, with a total value of $250,411.50. Following the transaction, the director owned 74,812 shares in the company, valued at approximately $513,958.44. This trade represents a 95.02% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kimberly Miller purchased 3,625 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were bought at an average price 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 in the company, valued at $386,849.44. This represents a 6.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 54,855 shares of company stock worth $376,172 in the last quarter. 3.00% of the stock is currently owned by company insiders.
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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