SEB Asset Management AB purchased a new position in ADT Inc. (NYSE:ADT – Free Report) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 388,687 shares of the security and automation business’s stock, valued at approximately $2,554,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bessemer Group Inc. increased its stake in ADT by 116.7% in the first quarter. Bessemer Group Inc. now owns 114,659 shares of the security and automation business’s stock valued at $753,000 after purchasing an additional 61,759 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of ADT by 35.9% in the 1st quarter. Bank of New York Mellon Corp now owns 4,867,511 shares of the security and automation business’s stock valued at $31,980,000 after buying an additional 1,286,322 shares during the period. Illinois Municipal Retirement Fund grew its stake in shares of ADT by 41.8% in the 1st quarter. Illinois Municipal Retirement Fund now owns 844,938 shares of the security and automation business’s stock valued at $5,551,000 after buying an additional 249,250 shares during the period. Maryland State Retirement & Pension System increased its position in ADT by 290.2% in the 1st quarter. Maryland State Retirement & Pension System now owns 99,303 shares of the security and automation business’s stock valued at $652,000 after buying an additional 73,851 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in ADT during the 1st quarter worth approximately $168,000. 87.22% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, EVP Kimberly Miller purchased 3,625 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average price of $6.91 per share, for a total transaction of $25,048.75. Following the completion of the acquisition, the executive vice president owned 55,984 shares of the company’s stock, valued at $386,849.44. This represents a 6.92% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel Joseph Houston purchased 36,450 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average cost of $6.87 per share, with a total value of $250,411.50. Following the completion of the transaction, the director directly owned 74,812 shares in the company, valued at $513,958.44. The trade was a 95.02% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders bought 54,855 shares of company stock valued at $376,172. 3.00% of the stock is owned by company insiders.
ADT Stock Down 1.3%
ADT (NYSE:ADT – Get Free Report) last posted its 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 net margin of 12.12% and a return on equity of 19.23%. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the business posted $0.21 EPS. The firm’s revenue was up .9% compared to the same quarter last year. ADT has set its FY 2026 guidance at 0.890-0.890 EPS. On average, equities research analysts forecast that ADT Inc. will post 0.87 EPS for the current fiscal year.
ADT Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Thursday, June 11th were paid a $0.055 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $0.22 annualized dividend and a dividend yield of 3.2%. ADT’s dividend payout ratio is 31.43%.
Analysts Set New Price Targets
ADT has been the topic of several recent research reports. UBS Group set a $7.50 price target on ADT in a report on Friday, May 1st. Weiss Ratings restated a “hold (c)” rating on shares of ADT in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.08.
Get Our Latest Stock Analysis on ADT
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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