Maryland State Retirement & Pension System lifted its stake in shares of ADT Inc. (NYSE:ADT – Free Report) by 290.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,303 shares of the security and automation business’s stock after buying an additional 73,851 shares during the quarter. Maryland State Retirement & Pension System’s holdings in ADT were worth $652,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in ADT. Los Angeles Capital Management LLC acquired a new stake in ADT in the fourth quarter valued at $28,000. IFP Advisors Inc grew its holdings in ADT by 1,759.1% during the 3rd quarter. IFP Advisors Inc now owns 3,997 shares of the security and automation business’s stock worth $35,000 after acquiring an additional 3,782 shares in the last quarter. Osaic Holdings Inc. grew its holdings in ADT by 39.9% during the 2nd quarter. Osaic Holdings Inc. now owns 4,351 shares of the security and automation business’s stock worth $37,000 after acquiring an additional 1,240 shares in the last quarter. Fairscale Capital LLC bought a new stake in shares of ADT in the 4th quarter worth about $41,000. Finally, Certified Advisory Corp bought a new stake in shares of ADT in the 4th quarter worth about $81,000. Institutional investors own 87.22% of the company’s stock.
ADT Stock Performance
Shares of ADT stock opened at $7.08 on Friday. The company has a market cap of $5.19 billion, a P/E ratio of 10.11 and a beta of 1.01. The business has a 50 day moving average of $6.75 and a two-hundred day moving average of $7.17. ADT Inc. has a 52 week low of $6.24 and a 52 week high of $8.94. The company has a quick ratio of 0.67, a current ratio of 0.84 and a debt-to-equity ratio of 1.94.
ADT Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Thursday, June 11th were given a $0.055 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $0.22 annualized dividend and a yield of 3.1%. ADT’s dividend payout ratio (DPR) is currently 31.43%.
Analyst Ratings Changes
Separately, UBS Group set a $7.50 target price on shares of ADT in a research note on Friday, May 1st. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8.08.
Check Out Our Latest Research Report on ADT
Insider Buying and Selling
In related news, EVP Kimberly Miller bought 3,625 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $6.91 per share, for a total transaction of $25,048.75. Following the completion of the purchase, the executive vice president owned 55,984 shares of the company’s stock, valued at $386,849.44. This represents a 6.92% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Fawad Ahmad bought 7,500 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was bought at an average price of $6.75 per share, for a total transaction of $50,625.00. Following the completion of the purchase, the executive vice president directly owned 302,334 shares of the company’s stock, valued at $2,040,754.50. The trade was a 2.54% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 54,855 shares of company stock valued at $376,172 over the last three months. Corporate insiders own 3.00% of the company’s stock.
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.
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