Amundi increased its position in shares of ADT Inc. (NYSE:ADT – Free Report) by 1,033.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,618,696 shares of the security and automation business’s stock after acquiring an additional 1,475,926 shares during the quarter. Amundi’s holdings in ADT were worth $10,522,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new stake in ADT in the fourth quarter valued at approximately $28,000. PNC Financial Services Group Inc. lifted its holdings in shares of ADT by 151.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,957 shares of the security and automation business’s stock valued at $33,000 after purchasing an additional 2,985 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of ADT by 1,759.1% during the 3rd quarter. IFP Advisors Inc now owns 3,997 shares of the security and automation business’s stock valued at $35,000 after purchasing an additional 3,782 shares during the last quarter. Osaic Holdings Inc. boosted its position in shares of ADT by 39.9% in the 2nd quarter. Osaic Holdings Inc. now owns 4,351 shares of the security and automation business’s stock worth $37,000 after purchasing an additional 1,240 shares in the last quarter. Finally, Fairscale Capital LLC purchased a new position in ADT during the 4th quarter worth $41,000. Hedge funds and other institutional investors own 87.22% of the company’s stock.
Analysts Set New Price Targets
Several brokerages recently issued reports on ADT. BTIG Research initiated coverage on ADT in a research report on Monday, August 17th. They set a “neutral” rating on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of ADT in a report on Wednesday, July 15th. Finally, Morgan Stanley boosted their price target on ADT from $7.50 to $7.75 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, ADT currently has an average rating of “Hold” and a consensus target price of $8.23.
ADT Price Performance
Shares of ADT opened at $7.04 on Friday. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.69 and a quick ratio of 0.52. The company’s fifty day moving average price is $7.26 and its 200-day moving average price is $6.99. ADT Inc. has a 1-year low of $6.24 and a 1-year high of $8.94. The firm has a market capitalization of $5.15 billion, a PE ratio of 9.92 and a beta of 1.02.
ADT (NYSE:ADT – Get Free Report) last issued its earnings results on Thursday, July 30th. The security and automation business reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. ADT had a return on equity of 18.99% and a net margin of 11.85%.The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business posted $0.23 EPS. The firm’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, equities research analysts predict that ADT Inc. will post 0.9 EPS for the current year.
ADT Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Thursday, September 10th. ADT’s dividend payout ratio (DPR) is presently 30.99%.
About ADT
ADT Inc (NYSE: ADT) is a provider of security, automation and smart-home solutions for residential and commercial customers. The company offers professionally installed and monitored alarm systems, video surveillance, fire and life-safety products, access-control solutions, and home-automation services.
For residential customers, ADT provides security systems that can integrate alarms, cameras, locks, lighting, thermostats and other connected devices. Its services generally include 24-hour professional monitoring, mobile-app controls, video monitoring and related support.
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