NorthCrest Asset Manangement LLC Has $854,000 Holdings in ADT Inc. $ADT

NorthCrest Asset Manangement LLC lifted its holdings in shares of ADT Inc. (NYSE:ADT) by 401.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 99,509 shares of the security and automation business’s stock after purchasing an additional 79,660 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in ADT were worth $854,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ADT. Harbor Capital Advisors Inc. bought a new position in ADT during the 3rd quarter worth $25,000. GAMMA Investing LLC grew its holdings in shares of ADT by 69.5% during the 2nd quarter. GAMMA Investing LLC now owns 3,240 shares of the security and automation business’s stock worth $27,000 after purchasing an additional 1,329 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of ADT during the 3rd quarter worth $28,000. Osaic Holdings Inc. increased its position in shares of ADT by 39.9% in the second quarter. Osaic Holdings Inc. now owns 4,351 shares of the security and automation business’s stock worth $37,000 after purchasing an additional 1,240 shares during the period. Finally, Bfsg LLC raised its stake in ADT by 400.0% in the third quarter. Bfsg LLC now owns 5,000 shares of the security and automation business’s stock valued at $44,000 after purchasing an additional 4,000 shares in the last quarter. 87.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wall Street Zen downgraded shares of ADT from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ADT in a report on Monday, December 29th. Morgan Stanley reduced their price target on shares of ADT from $9.50 to $9.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Finally, Zacks Research downgraded shares of ADT from a “hold” rating to a “strong sell” rating in a research report on Friday, December 19th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $9.25.

ADT Trading Up 1.4%

ADT opened at $8.10 on Thursday. The company has a market cap of $6.64 billion, a P/E ratio of 11.73 and a beta of 0.94. The company has a current ratio of 0.67, a quick ratio of 0.54 and a debt-to-equity ratio of 1.99. The company’s 50 day moving average is $8.11 and its 200-day moving average is $8.41. ADT Inc. has a 1-year low of $7.24 and a 1-year high of $8.94.

ADT (NYSE:ADT) last issued its quarterly earnings data on Tuesday, November 4th. The security and automation business reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. ADT had a net margin of 12.52% and a return on equity of 18.96%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm earned $0.20 EPS. The firm’s revenue was up 4.3% compared to the same quarter last year. ADT has set its FY 2025 guidance at 0.850-0.890 EPS. Equities research analysts predict that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 11th were issued a dividend of $0.055 per share. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $0.22 annualized dividend and a dividend yield of 2.7%. ADT’s dividend payout ratio (DPR) is 31.88%.

About ADT

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.