Boston Partners Has $175.64 Million Stock Holdings in Resideo Technologies, Inc. $REZI

Key Points

• Boston Partners increased its ownership in Resideo Technologies by 1.6%, acquiring an additional 156,536 shares, now holding a total of approximately 9.95 million shares valued at $175.6 million.
• Major shareholder Channel Holdings Ii L.P. Cd&R purchased 339,728 shares at $30.75 each, increasing its stake in Resideo Technologies by 3.05% to a total of 11.48 million shares.
• Analysts have raised price targets for Resideo Technologies, with Morgan Stanley upgrading it from "equal weight" to "overweight" and increasing the price target to $35.00.

Boston Partners increased its position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,954,419 shares of the company's stock after purchasing an additional 156,536 shares during the period. Boston Partners owned approximately 6.70% of Resideo Technologies worth $175,640,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in REZI. Dimensional Fund Advisors LP lifted its holdings in shares of Resideo Technologies by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,982,342 shares of the company's stock worth $183,996,000 after buying an additional 88,273 shares in the last quarter. Nuveen Asset Management LLC increased its position in Resideo Technologies by 32.4% during the fourth quarter. Nuveen Asset Management LLC now owns 2,320,863 shares of the company's stock worth $53,496,000 after acquiring an additional 567,800 shares during the period. Nuveen LLC bought a new position in Resideo Technologies during the first quarter worth about $34,239,000. Northern Trust Corp raised its stake in Resideo Technologies by 14.3% in the 4th quarter. Northern Trust Corp now owns 1,917,077 shares of the company's stock worth $44,189,000 after purchasing an additional 239,967 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Resideo Technologies by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,653,693 shares of the company's stock valued at $29,270,000 after purchasing an additional 8,303 shares during the period. 91.71% of the stock is currently owned by institutional investors.

Resideo Technologies Price Performance

REZI traded up $0.42 on Monday, hitting $31.80. 1,007,133 shares of the stock were exchanged, compared to its average volume of 1,183,857. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of -5.82 and a beta of 2.16. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.00 and a quick ratio of 0.63. Resideo Technologies, Inc. has a 12 month low of $14.18 and a 12 month high of $33.03. The business has a 50-day moving average of $24.36 and a two-hundred day moving average of $20.73.

Resideo Technologies (NYSE:REZI - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.54 by $0.12. Resideo Technologies had a negative net margin of 10.52% and a positive return on equity of 12.55%. The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.83 billion. During the same period in the previous year, the company earned $0.62 EPS. The business's revenue for the quarter was up 22.3% compared to the same quarter last year. Sell-side analysts forecast that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on REZI. Oppenheimer raised shares of Resideo Technologies from a "market perform" rating to an "outperform" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. increased their price target on Resideo Technologies from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. Finally, Morgan Stanley raised Resideo Technologies from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $24.00 to $35.00 in a report on Tuesday, August 12th.

Insider Buying and Selling at Resideo Technologies

In other news, EVP Jeannine J. Lane sold 35,398 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $31.31, for a total transaction of $1,108,311.38. Following the completion of the transaction, the executive vice president owned 155,136 shares of the company's stock, valued at approximately $4,857,308.16. The trade was a 18.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nina Richardson sold 2,790 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $23.68, for a total value of $66,067.20. Following the sale, the director owned 64,008 shares of the company's stock, valued at approximately $1,515,709.44. This represents a 4.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 5,724,042 shares of company stock valued at $135,201,451 and sold 132,688 shares valued at $3,976,654. Company insiders own 1.50% of the company's stock.

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.