Cetera Investment Advisers Makes New Investment in Resideo Technologies, Inc. (NYSE:REZI)

Cetera Investment Advisers purchased a new stake in Resideo Technologies, Inc. (NYSE:REZI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 37,603 shares of the company's stock, valued at approximately $867,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Algert Global LLC boosted its position in shares of Resideo Technologies by 86.5% during the 4th quarter. Algert Global LLC now owns 305,400 shares of the company's stock worth $7,039,000 after acquiring an additional 141,650 shares in the last quarter. AXA S.A. boosted its position in shares of Resideo Technologies by 2.8% during the 4th quarter. AXA S.A. now owns 216,259 shares of the company's stock worth $4,985,000 after acquiring an additional 5,831 shares in the last quarter. Lido Advisors LLC boosted its position in shares of Resideo Technologies by 18.7% during the 4th quarter. Lido Advisors LLC now owns 14,030 shares of the company's stock worth $323,000 after acquiring an additional 2,214 shares in the last quarter. Northern Trust Corp boosted its position in shares of Resideo Technologies by 14.3% during the 4th quarter. Northern Trust Corp now owns 1,917,077 shares of the company's stock worth $44,189,000 after acquiring an additional 239,967 shares in the last quarter. Finally, Tudor Investment Corp ET AL boosted its position in shares of Resideo Technologies by 45.7% during the 4th quarter. Tudor Investment Corp ET AL now owns 125,229 shares of the company's stock worth $2,887,000 after acquiring an additional 39,274 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company's stock.

Insider Activity

In other news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 5,754,501 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was bought at an average cost of $17.38 per share, for a total transaction of $100,013,227.38. Following the completion of the transaction, the insider now directly owns 5,754,501 shares in the company, valued at $100,013,227.38. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.50% of the company's stock.

Resideo Technologies Price Performance

NYSE:REZI traded down $0.07 on Thursday, hitting $20.73. The company had a trading volume of 138,916 shares, compared to its average volume of 1,056,451. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 32.91 and a beta of 2.23. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. The firm has a 50 day moving average of $17.80 and a two-hundred day moving average of $21.11. Resideo Technologies, Inc. has a 52 week low of $14.18 and a 52 week high of $28.28.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered shares of Resideo Technologies from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $31.00 to $16.00 in a research report 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.