ADT Inc. $ADT Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its position in ADT Inc. (NYSE:ADT) by 3.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 119,458 shares of the security and automation business’s stock after selling 4,080 shares during the period. Public Employees Retirement System of Ohio’s holdings in ADT were worth $1,012,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of ADT by 69.5% in the second quarter. GAMMA Investing LLC now owns 3,240 shares of the security and automation business’s stock valued at $27,000 after purchasing an additional 1,329 shares during the period. AlphaQuest LLC increased its holdings in shares of ADT by 80.9% in the first quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business’s stock valued at $43,000 after purchasing an additional 2,370 shares during the period. Bayforest Capital Ltd acquired a new position in shares of ADT in the first quarter valued at about $74,000. Northwest Wealth Management LLC acquired a new position in shares of ADT in the first quarter valued at about $87,000. Finally, Belpointe Asset Management LLC acquired a new position in shares of ADT in the first quarter valued at about $92,000. 87.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADT has been the topic of a number of research reports. Citigroup increased their price objective on ADT from $9.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ADT in a report on Saturday, September 27th. Wall Street Zen lowered ADT from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 28th. Morgan Stanley raised their target price on ADT from $9.00 to $9.50 and gave the stock an “equal weight” rating in a report on Monday, July 28th. Finally, Zacks Research lowered ADT from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $9.34.

Insider Buying and Selling at ADT

In other news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the firm’s 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 transaction, the insider owned 112,650,366 shares in the company, 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 SEC, which is available through this link. 2.70% of the stock is currently owned by company insiders.

ADT Stock Up 0.5%

Shares of ADT opened at $8.80 on Friday. 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 Inc. has a 12 month low of $6.68 and a 12 month high of $8.94. The stock’s 50 day moving average is $8.63 and its two-hundred day moving average is $8.36. The firm has a market cap of $7.31 billion, a P/E ratio of 13.33 and a beta of 1.05.

ADT (NYSE:ADT) last issued its quarterly earnings data on Thursday, July 24th. The security and automation business reported $0.23 EPS for the quarter, beating 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 company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company earned $0.17 earnings per share. ADT’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. Analysts predict that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

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

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.