Strs Ohio Takes Position in ADT Inc. $ADT

Strs Ohio acquired a new stake in shares of ADT Inc. (NYSE:ADT) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 204,349 shares of the security and automation business’s stock, valued at approximately $1,663,000.

A number of other large investors have also added to or reduced their stakes in ADT. Zimmer Partners LP bought a new stake in ADT in the 4th quarter worth approximately $48,687,000. Millennium Management LLC increased its stake in ADT by 668.5% in the 1st quarter. Millennium Management LLC now owns 7,504,051 shares of the security and automation business’s stock worth $61,083,000 after acquiring an additional 6,527,539 shares during the last quarter. AQR Capital Management LLC increased its position in shares of ADT by 86.6% during the 1st quarter. AQR Capital Management LLC now owns 13,119,098 shares of the security and automation business’s stock valued at $105,543,000 after purchasing an additional 6,089,671 shares during the last quarter. Vanguard Group Inc. increased its position in shares of ADT by 11.6% during the 1st quarter. Vanguard Group Inc. now owns 49,715,950 shares of the security and automation business’s stock valued at $404,688,000 after purchasing an additional 5,160,835 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of ADT by 21.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 26,077,931 shares of the security and automation business’s stock valued at $212,264,000 after purchasing an additional 4,624,120 shares during the last quarter. Institutional investors own 87.22% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Morgan Stanley upped their price objective on ADT from $9.00 to $9.50 and gave the company an “equal weight” rating in a research report on Monday, July 28th. Citigroup upped their price objective on ADT from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Zacks Research raised ADT to a “strong-buy” rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen cut ADT from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.34.

ADT Trading Down 0.9%

Shares of NYSE:ADT opened at $8.69 on Wednesday. ADT Inc. has a 52-week low of $6.68 and a 52-week high of $8.94. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 13.17 and a beta of 1.13. The company has a quick ratio of 0.37, a current ratio of 0.46 and a debt-to-equity ratio of 1.84. The business has a 50-day moving average price of $8.58 and a 200-day moving average price of $8.27.

ADT (NYSE:ADT) last posted its earnings results on Thursday, July 24th. The security and automation business reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. ADT had a return on equity of 18.58% and a net margin of 12.30%.ADT’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $0.17 earnings per share. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. Equities analysts predict 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 $0.055 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.5%. ADT’s payout ratio is currently 33.33%.

Insider Activity

In other news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of ADT stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $8.31, for a total value of $590,010,000.00. Following the sale, the insider directly owned 112,650,366 shares of the company’s stock, valued at $936,124,541.46. The trade was a 38.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is 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.