Hsbc Holdings PLC raised its stake in ADT Inc. (NYSE:ADT – Free Report) by 35.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 901,690 shares of the security and automation business’s stock after purchasing an additional 235,074 shares during the quarter. Hsbc Holdings PLC’s holdings in ADT were worth $5,946,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. NewEdge Advisors LLC raised its position in ADT by 503.0% during the first quarter. NewEdge Advisors LLC now owns 13,279 shares of the security and automation business’s stock worth $108,000 after acquiring an additional 11,077 shares in the last quarter. Caxton Associates LLP bought a new position in shares of ADT in the 1st quarter valued at about $296,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of ADT by 29.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,154,250 shares of the security and automation business’s stock valued at $9,396,000 after acquiring an additional 262,480 shares during the period. Focus Partners Wealth increased its stake in shares of ADT by 75.9% during the 1st quarter. Focus Partners Wealth now owns 54,363 shares of the security and automation business’s stock worth $442,000 after purchasing an additional 23,463 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in shares of ADT during the 2nd quarter worth about $93,000. Institutional investors and hedge funds own 87.22% of the company’s stock.
ADT Price Performance
NYSE:ADT opened at $6.81 on Friday. The company has a market cap of $4.99 billion, a P/E ratio of 9.73 and a beta of 1.01. The firm’s fifty day moving average price is $6.76 and its two-hundred day moving average price is $7.13. ADT Inc. has a one year low of $6.24 and a one year high of $8.94. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.84 and a quick ratio of 0.67.
ADT Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Thursday, June 11th were given a dividend of $0.055 per share. The ex-dividend date was Thursday, June 11th. This represents a $0.22 annualized dividend and a yield of 3.2%. ADT’s dividend payout ratio (DPR) is 31.43%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ADT in a report on Wednesday, July 15th. UBS Group set a $7.50 price target on ADT in a research report on Friday, May 1st. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, ADT has an average rating of “Hold” and an average price target of $8.08.
Check Out Our Latest Report on ADT
Insider Transactions at ADT
In other news, EVP Kimberly Miller acquired 3,625 shares of ADT stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of $6.91 per share, for a total transaction of $25,048.75. Following the completion of the acquisition, the executive vice president directly owned 55,984 shares in the company, valued at approximately $386,849.44. The trade was a 6.92% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daniel Joseph Houston bought 36,450 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was purchased at an average cost of $6.87 per share, for a total transaction of $250,411.50. Following the transaction, the director directly owned 74,812 shares of the company’s stock, valued at $513,958.44. The trade was a 95.02% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 54,855 shares of company stock worth $376,172. Insiders own 3.00% of the company’s stock.
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.
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