Wealth Enhancement Advisory Services LLC Has $6.59 Million Stock Holdings in ADT Inc. $ADT

Wealth Enhancement Advisory Services LLC raised its position in shares of ADT Inc. (NYSE:ADT) by 164.4% in the 3rd quarter, Holdings Channel reports. The firm owned 768,196 shares of the security and automation business’s stock after acquiring an additional 477,602 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in ADT were worth $6,591,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADT. Harbor Capital Advisors Inc. bought a new position in shares of ADT in the 3rd quarter valued at $25,000. GAMMA Investing LLC lifted its position 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 buying an additional 1,329 shares during the last quarter. Quent Capital LLC acquired a new stake in ADT in the third quarter valued at about $28,000. Osaic Holdings Inc. grew its position in ADT by 39.9% in the second quarter. Osaic Holdings Inc. now owns 4,351 shares of the security and automation business’s stock valued at $37,000 after acquiring an additional 1,240 shares during the last quarter. Finally, Bfsg LLC grew its position 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 acquiring an additional 4,000 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

ADT Stock Down 2.6%

Shares of NYSE ADT opened at $8.01 on Monday. The company has a 50 day simple moving average of $8.11 and a 200 day simple moving average of $8.41. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.67 and a quick ratio of 0.54. ADT Inc. has a 1 year low of $7.28 and a 1 year high of $8.94. The firm has a market cap of $6.56 billion, a PE ratio of 11.60 and a beta of 0.94.

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

ADT Announces Dividend

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

ADT 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.