Deutsche Bank AG Raises Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Deutsche Bank AG lifted its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 52.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,777 shares of the company's stock after buying an additional 46,796 shares during the period. Deutsche Bank AG owned about 0.09% of Resideo Technologies worth $3,130,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of 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 purchasing an additional 75,940 shares during the period. Boston Partners lifted its position in shares of Resideo Technologies by 25.1% during the 4th quarter. Boston Partners now owns 9,797,883 shares of the company's stock valued at $225,865,000 after acquiring an additional 1,966,706 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Resideo Technologies by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,982,342 shares of the company's stock worth $183,996,000 after acquiring an additional 88,273 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Resideo Technologies during the 4th quarter worth approximately $122,145,000. Finally, Prudential Financial Inc. grew its holdings in shares of Resideo Technologies by 11.2% in the 4th quarter. Prudential Financial Inc. now owns 1,917,221 shares of the company's stock worth $44,192,000 after acquiring an additional 192,511 shares during the period. 91.71% of the stock is owned by institutional investors and hedge funds.

Resideo Technologies Price Performance

Shares of Resideo Technologies stock traded down $0.29 on Monday, hitting $19.89. The company's stock had a trading volume of 693,489 shares, compared to its average volume of 973,817. The company has a market capitalization of $2.95 billion, a P/E ratio of 31.57 and a beta of 2.23. Resideo Technologies, Inc. has a 52-week low of $14.18 and a 52-week high of $28.28. The firm has a fifty day moving average price of $17.69 and a 200-day moving average price of $21.11. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69.

Resideo Technologies (NYSE:REZI - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.84 billion. On average, equities research analysts expect that Resideo Technologies, Inc. will post 2.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling at Resideo Technologies

In other news, major shareholder Channel Holdings Ii L.P. Cd&R bought 5,754,501 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average price of $17.38 per share, with a total value of $100,013,227.38. Following the purchase, the insider now owns 5,754,501 shares of the company's stock, valued at $100,013,227.38. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 1.50% of the stock is owned by insiders.

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.