37,603 Shares in Resideo Technologies, Inc. (NYSE:REZI) Purchased by Cetera Investment Advisers

Cetera Investment Advisers purchased a new stake in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 37,603 shares of the company's stock, valued at approximately $867,000.

Other large investors have also recently modified their holdings of the company. Pacer Advisors Inc. purchased a new stake in Resideo Technologies during the 4th quarter valued at $122,145,000. Boston Partners raised its stake in shares of Resideo Technologies by 25.1% in the fourth quarter. Boston Partners now owns 9,797,883 shares of the company's stock worth $225,865,000 after purchasing an additional 1,966,706 shares during the last quarter. Norges Bank bought a new position in shares of Resideo Technologies during the fourth quarter valued at $40,596,000. Federated Hermes Inc. purchased a new stake in shares of Resideo Technologies during the fourth quarter valued at $35,542,000. Finally, Pembroke Management LTD increased its holdings in Resideo Technologies by 126.8% in the 4th quarter. Pembroke Management LTD now owns 667,421 shares of the company's stock worth $15,384,000 after buying an additional 373,133 shares in the last quarter. Hedge funds and other institutional investors own 91.71% of the company's stock.

Resideo Technologies Stock Performance

NYSE:REZI traded down $0.00 during trading hours on Thursday, reaching $20.80. The company had a trading volume of 814,875 shares, compared to its average volume of 974,297. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 33.01 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's 50 day moving average price is $17.85 and its 200-day moving average price is $21.08. Resideo Technologies, Inc. has a 52 week low of $14.18 and a 52 week high of $28.28.

Insider Activity at Resideo Technologies

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R bought 5,754,501 shares of Resideo Technologies stock in a transaction on Friday, May 9th. The stock was acquired at an average cost of $17.38 per share, with a total value of $100,013,227.38. Following the completion of the acquisition, the insider now owns 5,754,501 shares in the company, valued at approximately $100,013,227.38. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.