ADT Inc. (NYSE:ADT – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $6.24 and last traded at $6.2050, with a volume of 199093 shares changing hands. The stock had previously closed at $6.40.
Wall Street Analyst Weigh In
A number of research firms recently commented on ADT. Morgan Stanley increased their price objective on ADT from $7.50 to $7.75 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Weiss Ratings reissued a “hold (c)” rating on shares of ADT in a research note on Wednesday, July 15th. Finally, BTIG Research started coverage on shares of ADT in a report on Monday, August 17th. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, ADT currently has a consensus rating of “Hold” and an average target price of $8.23.
ADT Trading Down 3.2%
ADT (NYSE:ADT – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The security and automation business reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. ADT had a return on equity of 18.99% and a net margin of 11.85%.The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business posted $0.23 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. ADT has set its FY 2026 guidance at 0.910-0.910 EPS. As a group, equities analysts forecast that ADT Inc. will post 0.9 earnings per share for the current year.
ADT Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be issued a dividend of $0.0550 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.22 annualized dividend and a dividend yield of 3.6%. ADT’s payout ratio is presently 30.99%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in ADT by 151.4% in the first quarter. PNC Financial Services Group Inc. now owns 4,957 shares of the security and automation business’s stock valued at $33,000 after buying an additional 2,985 shares during the last quarter. NDVR Inc. grew its position in shares of ADT by 17.5% during the fourth quarter. NDVR Inc. now owns 25,382 shares of the security and automation business’s stock worth $205,000 after acquiring an additional 3,786 shares during the last quarter. Corient Private Wealth LP grew its position in shares of ADT by 3.6% during the second quarter. Corient Private Wealth LP now owns 114,441 shares of the security and automation business’s stock worth $746,000 after acquiring an additional 4,004 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of ADT by 129.6% in the 2nd quarter. GAMMA Investing LLC now owns 7,709 shares of the security and automation business’s stock worth $50,000 after acquiring an additional 4,352 shares during the period. Finally, Parallel Advisors LLC increased its holdings in shares of ADT by 154.0% in the 1st quarter. Parallel Advisors LLC now owns 7,451 shares of the security and automation business’s stock worth $49,000 after acquiring an additional 4,518 shares during the period. 87.22% of the stock is owned by institutional investors and hedge funds.
About ADT
ADT Inc (NYSE: ADT) is a provider of security, automation and smart-home solutions for residential and commercial customers. The company offers professionally installed and monitored alarm systems, video surveillance, fire and life-safety products, access-control solutions, and home-automation services.
For residential customers, ADT provides security systems that can integrate alarms, cameras, locks, lighting, thermostats and other connected devices. Its services generally include 24-hour professional monitoring, mobile-app controls, video monitoring and related support.
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