ADT Inc. $ADT Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in ADT Inc. (NYSE:ADT) by 36.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 168,588 shares of the security and automation business’s stock after selling 96,256 shares during the quarter. State of Alaska Department of Revenue’s holdings in ADT were worth $1,024,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ADT. Curated Wealth Partners LLC acquired a new stake in shares of ADT during the 3rd quarter valued at about $172,000. WealthPlan Investment Management LLC bought a new stake in shares of ADT in the 3rd quarter valued at approximately $100,000. Nolet Wealth Management LLC acquired a new position in ADT in the third quarter worth approximately $69,000. Krilogy Financial LLC increased its holdings in ADT by 42.2% in the third quarter. Krilogy Financial LLC now owns 29,047 shares of the security and automation business’s stock worth $187,000 after buying an additional 8,624 shares during the last quarter. Finally, Sax Wealth Advisors LLC acquired a new position in ADT in the third quarter worth approximately $280,000. 87.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ADT. BTIG Research started coverage on shares of ADT in a research report on Monday, August 17th. They set a “neutral” rating on the stock. Morgan Stanley decreased their target price on shares of ADT from $7.75 to $7.25 and set an “equal weight” rating for the company in a research report on Tuesday, October 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ADT in a research note on Tuesday, October 13th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8.13.

ADT Price Performance

NYSE:ADT opened at $6.79 on Thursday. 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 $6.03 and a one year high of $8.89. The company has a fifty day moving average price of $6.92 and a 200 day moving average price of $6.93. The stock has a market cap of $4.96 billion, a P/E ratio of 9.57 and a beta of 1.04.

ADT (NYSE:ADT) last posted its quarterly earnings results 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. ADT had a net margin of 11.85% and a return on equity of 18.99%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the business posted $0.23 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. ADT has set its FY 2026 guidance at 0.910-0.910 EPS. Analysts anticipate that ADT Inc. will post 0.90 earnings per share for the current year.

ADT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were paid a $0.0550 dividend. This represents a $0.22 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Thursday, September 10th. ADT’s dividend payout ratio (DPR) is presently 30.99%.

About ADT

ADT Inc is a security and smart-home services company that provides monitored protection and automation solutions for residential and commercial customers. Its offerings include professionally installed security systems, 24-hour alarm monitoring, video surveillance, fire and life-safety systems, access control, home automation and related emergency response services.

The company serves customers primarily in the United States, offering solutions designed to help protect homes, businesses and other facilities from burglary, fire and other risks.