Rhumbline Advisers Buys 44,817 Shares of ADT Inc. $ADT

Rhumbline Advisers grew its position in shares of ADT Inc. (NYSE:ADT) by 16.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 316,421 shares of the security and automation business’s stock after acquiring an additional 44,817 shares during the quarter. Rhumbline Advisers’ holdings in ADT were worth $2,576,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ADT. Ameriprise Financial Inc. boosted its position in shares of ADT by 22.1% during the 4th quarter. Ameriprise Financial Inc. now owns 456,839 shares of the security and automation business’s stock valued at $3,157,000 after acquiring an additional 82,623 shares during the last quarter. Bank of America Corp DE boosted its position in shares of ADT by 48.8% during the 4th quarter. Bank of America Corp DE now owns 1,642,263 shares of the security and automation business’s stock valued at $11,348,000 after acquiring an additional 538,939 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of ADT by 133.1% during the 4th quarter. Captrust Financial Advisors now owns 55,356 shares of the security and automation business’s stock valued at $383,000 after acquiring an additional 31,610 shares during the last quarter. Deutsche Bank AG boosted its position in shares of ADT by 2,170.1% during the 4th quarter. Deutsche Bank AG now owns 370,477 shares of the security and automation business’s stock valued at $2,560,000 after acquiring an additional 354,157 shares during the last quarter. Finally, Focus Partners Wealth bought a new position in shares of ADT during the 4th quarter valued at approximately $214,000. 87.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ADT. Wall Street Zen downgraded ADT from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 7th. Citigroup raised their price target on ADT from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Zacks Research upgraded ADT to a “strong-buy” rating in a research report on Tuesday, August 12th. Finally, Morgan Stanley raised their price target on ADT from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, ADT currently has an average rating of “Moderate Buy” and an average price target of $9.34.

ADT Stock Down 0.9%

NYSE:ADT opened at $8.69 on Wednesday. ADT Inc. has a twelve month low of $6.68 and a twelve month high of $8.94. The company has a market cap of $7.22 billion, a price-to-earnings ratio of 13.17 and a beta of 1.13. The stock has a fifty day simple moving average of $8.58 and a 200-day simple moving average of $8.27. The company has a current ratio of 0.46, a quick ratio of 0.37 and a debt-to-equity ratio of 1.84.

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

ADT Announces Dividend

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

Insider Activity at ADT

In other news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the firm’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $8.31, for a total transaction of $590,010,000.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.70% of the company’s stock.

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.