Canada Pension Plan Investment Board Invests $634,000 in Resideo Technologies, Inc. (NYSE:REZI)

Canada Pension Plan Investment Board acquired a new stake in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 27,500 shares of the company's stock, valued at approximately $634,000.

Other large investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc increased its stake in Resideo Technologies by 4.5% during the fourth quarter. CIBC Asset Management Inc now owns 14,546 shares of the company's stock worth $335,000 after acquiring an additional 624 shares during the last quarter. GAMMA Investing LLC increased its stake in Resideo Technologies by 19.8% in the fourth quarter. GAMMA Investing LLC now owns 3,918 shares of the company's stock worth $90,000 after purchasing an additional 647 shares during the period. Summit Investment Advisors Inc. lifted its holdings in Resideo Technologies by 4.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 15,280 shares of the company's stock valued at $352,000 after buying an additional 663 shares in the last quarter. Highland Capital Management LLC grew its stake in Resideo Technologies by 6.5% in the 4th quarter. Highland Capital Management LLC now owns 10,854 shares of the company's stock worth $250,000 after acquiring an additional 666 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Resideo Technologies by 28.9% during the fourth quarter. Blue Trust Inc. now owns 3,241 shares of the company's stock worth $75,000 after acquiring an additional 726 shares during the period. Hedge funds and other institutional investors own 91.71% of the company's stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered Resideo Technologies from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $31.00 to $16.00 in a report on Tuesday, April 22nd.

Resideo Technologies Stock Up 0.4 %

NYSE:REZI traded up $0.07 during mid-day trading on Wednesday, reaching $16.75. The company's stock had a trading volume of 1,282,760 shares, compared to its average volume of 947,888. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69. The stock has a fifty day moving average of $17.12 and a 200-day moving average of $21.24. Resideo Technologies, Inc. has a 1 year low of $14.18 and a 1 year high of $28.28. The firm has a market capitalization of $2.49 billion, a PE ratio of 26.59 and a beta of 2.04.

Resideo Technologies (NYSE:REZI - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.08). The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. Equities research analysts forecast that Resideo Technologies, Inc. will post 2.13 earnings per share for the current year.

Resideo Technologies Company Profile

Resideo Technologies, Inc develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution.