Nuveen Asset Management LLC Purchases 567,800 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Nuveen Asset Management LLC boosted its position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 32.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,320,863 shares of the company's stock after purchasing an additional 567,800 shares during the quarter. Nuveen Asset Management LLC owned 1.58% of Resideo Technologies worth $53,496,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Resideo Technologies by 0.5% during 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. Barclays PLC grew its holdings in Resideo Technologies by 358.9% during the third 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 during the period. Pacer Advisors Inc. acquired a new position in Resideo Technologies during the fourth quarter valued at approximately $122,145,000. Hennion & Walsh Asset Management Inc. grew its holdings in Resideo Technologies by 13.1% during the fourth 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 during the period. Finally, Sterling Capital Management LLC grew its holdings in Resideo Technologies by 705.9% during the fourth 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 during the period. Institutional investors and hedge funds own 91.71% of the company's stock.

Resideo Technologies Stock Down 1.4%

Shares of Resideo Technologies stock traded down $0.29 on Friday, hitting $19.89. The company had a trading volume of 693,489 shares, compared to its average volume of 973,817. The firm 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 twelve month low of $14.18 and a twelve month high of $28.28. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. The stock has a 50-day moving average of $17.66 and a 200-day moving average of $21.14.

Resideo Technologies (NYSE:REZI - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.08). The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. Research analysts predict that Resideo Technologies, Inc. will post 2.13 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Activity

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 5,754,501 shares of the business's 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 transaction, the insider now directly owns 5,754,501 shares in the company, valued at $100,013,227.38. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company's stock.

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.