State of Alaska Department of Revenue decreased its position in ADT Inc. (NYSE:ADT – Free Report) by 36.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 168,588 shares of the security and automation business’s stock after selling 96,256 shares during the period. State of Alaska Department of Revenue’s holdings in ADT were worth $1,024,000 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. Dimensional Fund Advisors LP raised its stake in ADT by 9.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 39,887,288 shares of the security and automation business’s stock valued at $262,054,000 after purchasing an additional 3,529,422 shares during the period. Wasatch Advisors LP lifted its holdings in shares of ADT by 19.6% in the second quarter. Wasatch Advisors LP now owns 8,427,968 shares of the security and automation business’s stock valued at $54,782,000 after purchasing an additional 1,382,292 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of ADT in the second quarter worth $34,130,000. Quantinno Capital Management LP boosted its position in shares of ADT by 191.1% in the first quarter. Quantinno Capital Management LP now owns 3,637,287 shares of the security and automation business’s stock worth $23,897,000 after buying an additional 2,387,826 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of ADT by 33.0% in the first quarter. Janus Henderson Group PLC now owns 3,387,488 shares of the security and automation business’s stock worth $22,273,000 after buying an additional 840,819 shares during the period. 87.22% of the stock is currently owned by hedge funds and other institutional investors.
ADT Stock Performance
ADT stock opened at $6.79 on Thursday. The firm has a 50 day simple moving average of $6.92 and a 200 day simple moving average of $6.93. ADT Inc. has a 52 week low of $6.03 and a 52 week high of $8.89. The stock has a market cap of $4.96 billion, a P/E ratio of 9.57 and a beta of 1.04. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.52 and a current ratio of 0.69.
ADT (NYSE:ADT – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The security and automation business reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. ADT had a net margin of 11.85% and a return on equity of 18.99%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the business earned $0.23 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. ADT has set its FY 2026 guidance at 0.910-0.910 EPS. Research analysts anticipate that ADT Inc. will post 0.90 earnings per share for the current fiscal year.
ADT Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were issued a dividend of $0.0550 per share. This represents a $0.22 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Thursday, September 10th. ADT’s payout ratio is currently 30.99%.
Analyst Ratings Changes
A number of research analysts have recently weighed in on ADT shares. Weiss Ratings reiterated a “hold (c)” rating on shares of ADT in a report on Tuesday, October 13th. Morgan Stanley reduced their price objective on ADT from $7.75 to $7.25 and set an “equal weight” rating for the company in a research note on Tuesday, October 13th. Finally, BTIG Research began coverage on ADT in a research report on Monday, August 17th. They set a “neutral” rating for the company. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $8.13.
Read Our Latest Stock Report on ADT
About ADT
ADT Inc is a security and smart-home services company that provides monitored protection and automation solutions for residential and commercial customers. Its offerings include professionally installed security systems, 24-hour alarm monitoring, video surveillance, fire and life-safety systems, access control, home automation and related emergency response services.
The company serves customers primarily in the United States, offering solutions designed to help protect homes, businesses and other facilities from burglary, fire and other risks.
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