Resideo Technologies, Inc. (NYSE:REZI) Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC boosted its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 43.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,868 shares of the company's stock after buying an additional 26,205 shares during the quarter. Lazard Asset Management LLC owned 0.06% of Resideo Technologies worth $2,002,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in REZI. Vanguard Group Inc. raised its holdings in shares of Resideo Technologies by 0.5% in the 4th 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 in the last quarter. Barclays PLC raised its holdings in shares of Resideo Technologies by 358.9% in the 3rd quarter. Barclays PLC now owns 262,698 shares of the company's stock valued at $5,290,000 after purchasing an additional 205,453 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Resideo Technologies in the 4th quarter valued at $122,145,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Resideo Technologies by 13.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 29,248 shares of the company's stock valued at $674,000 after purchasing an additional 3,398 shares in the last quarter. Finally, Sterling Capital Management LLC raised its holdings in shares of Resideo Technologies by 705.9% in the 4th quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock valued at $110,000 after purchasing an additional 4,165 shares in the last quarter. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Resideo Technologies Stock Down 1.4%

Shares of NYSE REZI traded down $0.29 during mid-day trading on Friday, reaching $19.89. The company had a trading volume of 693,489 shares, compared to its average volume of 971,954. 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 simple moving average of $17.66 and a two-hundred day simple moving average of $21.15. The stock has a market cap 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.

Resideo Technologies (NYSE:REZI - Get Free Report) last posted its earnings results 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 during the quarter, compared to analysts' expectations of $1.84 billion. Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. Sell-side analysts predict that Resideo Technologies, Inc. will post 2.13 earnings per share for the current year.

Insiders Place Their Bets

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

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.