Voya Investment Management LLC Grows Stake in ADT Inc. $ADT

Voya Investment Management LLC grew its holdings in shares of ADT Inc. (NYSE:ADT) by 48.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 763,559 shares of the security and automation business’s stock after buying an additional 250,399 shares during the period. Voya Investment Management LLC owned 0.09% of ADT worth $6,215,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADT. Versant Capital Management Inc purchased a new position in ADT during the 1st quarter valued at $35,000. AlphaQuest LLC raised its stake in ADT by 80.9% in the first quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business’s stock worth $43,000 after buying an additional 2,370 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in ADT in the first quarter worth about $74,000. Northwest Wealth Management LLC bought a new stake in ADT during the 1st quarter valued at approximately $87,000. Finally, Focus Partners Advisor Solutions LLC purchased a new position in shares of ADT in the 4th quarter valued at approximately $88,000. Hedge funds and other institutional investors own 87.22% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ADT Trading Down 0.8%

ADT stock opened at $8.61 on Thursday. ADT Inc. has a one year low of $6.68 and a one year high of $8.94. The business’s fifty day moving average is $8.58 and its 200 day moving average is $8.27. The stock has a market capitalization of $7.16 billion, a PE ratio of 13.05 and a beta of 1.13. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.46 and a quick ratio of 0.37.

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

ADT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, September 11th. ADT’s dividend payout ratio (DPR) is presently 33.33%.

Insider Buying and Selling at ADT

In other ADT 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 stock was sold at an average price of $8.31, for a total transaction 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. This trade represents a 38.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.70% of the company’s stock.

ADT Profile

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.