Northern Trust Corp Has $24.47 Million Stake in ADT Inc. $ADT

Northern Trust Corp lifted its stake in shares of ADT Inc. (NYSE:ADT) by 37.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,006,083 shares of the security and automation business’s stock after purchasing an additional 813,494 shares during the period. Northern Trust Corp owned approximately 0.36% of ADT worth $24,470,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ADT. Wells Fargo & Company MN lifted its position in shares of ADT by 6.3% during the fourth quarter. Wells Fargo & Company MN now owns 35,827 shares of the security and automation business’s stock worth $248,000 after purchasing an additional 2,113 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of ADT by 15.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 24,540 shares of the security and automation business’s stock worth $170,000 after purchasing an additional 3,366 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of ADT during the fourth quarter worth approximately $1,153,000. Mariner LLC lifted its position in shares of ADT by 10.9% during the fourth quarter. Mariner LLC now owns 39,666 shares of the security and automation business’s stock worth $274,000 after purchasing an additional 3,904 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in ADT by 110.4% in the fourth quarter. Stifel Financial Corp now owns 252,187 shares of the security and automation business’s stock valued at $1,743,000 after buying an additional 132,327 shares during the period. 87.22% of the stock is currently owned by institutional investors and hedge funds.

ADT Stock Up 0.2%

Shares of ADT stock opened at $8.70 on Monday. The firm has a fifty day moving average of $8.51 and a 200-day moving average of $8.18. The company has a quick ratio of 0.37, a current ratio of 0.46 and a debt-to-equity ratio of 1.84. ADT Inc. has a 12-month low of $6.68 and a 12-month high of $8.86. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of 13.17 and a beta of 1.13.

ADT (NYSE:ADT) last issued its quarterly earnings data on Thursday, July 24th. The security and automation business reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. ADT had a net margin of 12.30% and a return on equity of 18.58%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.17 earnings per share. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. As a group, equities research analysts predict that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a $0.055 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.22 dividend on an annualized basis and a yield of 2.5%. ADT’s dividend payout ratio (DPR) is currently 33.33%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ADT shares. Morgan Stanley increased their price objective on shares of ADT from $9.00 to $9.50 and gave the company an “equal weight” rating in a report on Monday, July 28th. Citigroup increased their price objective on shares of ADT from $9.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. Zacks Research upgraded shares of ADT to a “strong-buy” rating in a report on Tuesday, August 12th. Finally, Wall Street Zen raised shares of ADT from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, ADT currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.34.

Insider Buying and Selling

In other news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the firm’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $8.31, for a total transaction of $590,010,000.00. Following the completion of the sale, the insider owned 112,650,366 shares in the company, valued at approximately $936,124,541.46. This trade represents a 38.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.70% of the stock is currently owned by corporate insiders.

About ADT

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.