Resideo Technologies, Inc. (NYSE:REZI) Stock Holdings Increased by Deutsche Bank AG

Deutsche Bank AG increased its holdings in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 52.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,777 shares of the company's stock after purchasing an additional 46,796 shares during the period. Deutsche Bank AG owned 0.09% of Resideo Technologies worth $3,130,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Resideo Technologies by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 16,137,439 shares of the company's stock valued at $371,968,000 after acquiring an additional 75,940 shares during the last quarter. Barclays PLC boosted its holdings in Resideo Technologies by 358.9% in the third quarter. Barclays PLC now owns 262,698 shares of the company's stock valued at $5,290,000 after acquiring an additional 205,453 shares during the last quarter. Pacer Advisors Inc. acquired a new position in Resideo Technologies in the fourth quarter valued at $122,145,000. Hennion & Walsh Asset Management Inc. boosted its holdings in Resideo Technologies by 13.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 29,248 shares of the company's stock valued at $674,000 after acquiring an additional 3,398 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in Resideo Technologies by 705.9% in the fourth quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock valued at $110,000 after acquiring an additional 4,165 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company's stock.

Insiders Place Their Bets

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R bought 5,754,501 shares of the company's stock in a transaction dated Friday, May 9th. The shares were acquired at an average cost of $17.38 per share, with a total value of $100,013,227.38. Following the completion of the transaction, the insider now 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Resideo Technologies Stock Down 1.4%

Shares of REZI traded down $0.29 during midday trading on Friday, reaching $19.89. 693,489 shares of the company were exchanged, compared to its average volume of 971,954. The stock has a 50-day moving average price of $17.66 and a 200-day moving average price of $21.15. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 31.57 and a beta of 2.23. Resideo Technologies, Inc. has a 1-year low of $14.18 and a 1-year high of $28.28. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69.

Resideo Technologies (NYSE:REZI - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.08). The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. Resideo Technologies had a return on equity of 11.12% and a net margin of 1.69%. Research analysts expect 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.