D. E. Shaw & Co. Inc. Sells 483,158 Shares of Resideo Technologies, Inc. (NYSE:REZI)

D. E. Shaw & Co. Inc. lessened its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 51.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 450,407 shares of the company's stock after selling 483,158 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.31% of Resideo Technologies worth $10,382,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Quarry LP bought a new stake in Resideo Technologies in the 4th quarter worth approximately $28,000. R Squared Ltd bought a new stake in Resideo Technologies in the 4th quarter worth approximately $30,000. Smartleaf Asset Management LLC increased its stake in Resideo Technologies by 293.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company's stock worth $60,000 after acquiring an additional 1,939 shares during the last quarter. Blue Trust Inc. increased its stake in Resideo Technologies by 28.9% in the 4th 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 last quarter. Finally, Sterling Capital Management LLC increased its stake in Resideo Technologies by 705.9% in the 4th quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock worth $110,000 after acquiring an additional 4,165 shares during the last quarter. Institutional investors own 91.71% of the company's stock.

Insider Activity at Resideo Technologies

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 5,754,501 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was bought at an average price of $17.38 per share, for a total transaction of $100,013,227.38. Following the acquisition, the insider now directly owns 5,754,501 shares in the company, valued at $100,013,227.38. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is owned by company insiders.

Resideo Technologies Trading Up 0.7%

Shares of Resideo Technologies stock traded up $0.16 on Friday, reaching $21.17. The company had a trading volume of 790,737 shares, compared to its average volume of 967,143. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 33.60 and a beta of 2.23. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. The firm's 50-day moving average price is $17.35 and its two-hundred day moving average price is $21.15. Resideo Technologies, Inc. has a 1 year low of $14.18 and a 1 year high of $28.28.

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

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. downgraded Resideo Technologies from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $31.00 to $16.00 in a research note on Tuesday, April 22nd.

Resideo Technologies 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.