Picton Mahoney Asset Management Has $944,000 Position in ADT Inc. $ADT

Picton Mahoney Asset Management decreased its holdings in shares of ADT Inc. (NYSE:ADT) by 52.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108,281 shares of the security and automation business’s stock after selling 120,703 shares during the period. Picton Mahoney Asset Management’s holdings in ADT were worth $944,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Norges Bank bought a new stake in shares of ADT during the second quarter worth about $219,825,000. Vanguard Group Inc. boosted its stake in ADT by 42.7% during the 3rd quarter. Vanguard Group Inc. now owns 64,858,510 shares of the security and automation business’s stock valued at $564,918,000 after purchasing an additional 19,413,112 shares during the last quarter. LSV Asset Management increased its holdings in ADT by 97.1% during the 2nd quarter. LSV Asset Management now owns 24,727,193 shares of the security and automation business’s stock worth $209,439,000 after purchasing an additional 12,182,009 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of ADT by 179.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 13,693,517 shares of the security and automation business’s stock worth $115,984,000 after purchasing an additional 8,796,249 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of ADT by 22.7% in the second quarter. AQR Capital Management LLC now owns 16,097,474 shares of the security and automation business’s stock valued at $135,702,000 after purchasing an additional 2,978,376 shares in the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wall Street Zen downgraded ADT from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings restated a “hold (c+)” rating on shares of ADT in a research note on Monday, December 29th. Morgan Stanley cut their price objective on shares of ADT from $9.00 to $7.00 and set an “equal weight” rating on the stock in a report on Tuesday. Citigroup lowered their target price on shares of ADT from $10.00 to $8.50 and set a “buy” rating for the company in a report on Wednesday. Finally, Barclays reissued an “underweight” rating and set a $7.00 price target on shares of ADT in a research report on Friday. Two equities research 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.com, the company currently has an average rating of “Hold” and an average price target of $8.38.

ADT Trading Down 2.8%

NYSE:ADT opened at $6.55 on Friday. ADT Inc. has a 12 month low of $6.41 and a 12 month high of $8.94. The company has a current ratio of 0.93, a quick ratio of 0.54 and a debt-to-equity ratio of 1.95. The firm’s 50 day moving average is $7.90 and its 200 day moving average is $8.25. The stock has a market capitalization of $5.37 billion, a PE ratio of 9.92 and a beta of 1.00.

ADT (NYSE:ADT) last announced its quarterly earnings data on Monday, March 2nd. The security and automation business reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. ADT had a return on equity of 19.16% and a net margin of 11.60%.The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the company earned $0.20 earnings per share. ADT’s revenue was up 1.3% compared to the same quarter last year. ADT has set its FY 2026 guidance at 0.890-0.890 EPS. Sell-side analysts expect that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, March 12th will be paid a dividend of $0.055 per share. The ex-dividend date is Thursday, March 12th. This represents a $0.22 annualized dividend and a dividend yield of 3.4%. ADT’s dividend payout ratio is presently 33.33%.

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.