VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in ADT Inc. $ADT

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of ADT Inc. (NYSE:ADT) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 561,850 shares of the security and automation business’s stock, valued at approximately $3,652,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in ADT in the 4th quarter valued at $192,996,000. AQR Capital Management LLC lifted its holdings in shares of ADT by 124.6% in the third quarter. AQR Capital Management LLC now owns 36,160,099 shares of the security and automation business’s stock valued at $314,954,000 after purchasing an additional 20,062,625 shares in the last quarter. Wasatch Advisors LP bought a new stake in shares of ADT in the fourth quarter valued at about $56,927,000. Bank of New York Mellon Corp acquired a new position in shares of ADT during the second quarter worth about $34,130,000. Finally, Zimmer Partners LP grew its holdings in shares of ADT by 164.8% during the third quarter. Zimmer Partners LP now owns 8,077,811 shares of the security and automation business’s stock worth $70,358,000 after buying an additional 5,026,754 shares in the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Morgan Stanley boosted their target price on ADT from $7.50 to $7.75 and gave the company an “equal weight” rating in a research note on Friday, July 31st. BTIG Research began coverage on shares of ADT in a report on Monday, August 17th. They issued a “neutral” rating on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of ADT in a research report on Wednesday, July 15th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $8.23.

ADT Trading Down 2.0%

ADT stock opened at $7.08 on Thursday. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 9.97 and a beta of 1.02. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.69 and a quick ratio of 0.52. ADT Inc. has a one year low of $6.24 and a one year high of $8.94. The company has a fifty day moving average price of $7.25 and a two-hundred day moving average price of $6.99.

ADT (NYSE:ADT) last issued its quarterly earnings data on Thursday, July 30th. The security and automation business reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. ADT had a net margin of 11.85% and a return on equity of 18.99%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the business posted $0.23 earnings per share. ADT has set its FY 2026 guidance at 0.910-0.910 EPS. Equities analysts anticipate that ADT Inc. will post 0.9 EPS for the current year.

ADT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.1%. ADT’s dividend payout ratio (DPR) is currently 30.99%.

ADT Company Profile

ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.

Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.