Nuveen Asset Management LLC Boosts Stock Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Nuveen Asset Management LLC raised its holdings in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 32.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,320,863 shares of the company's stock after purchasing an additional 567,800 shares during the period. Nuveen Asset Management LLC owned 1.58% of Resideo Technologies worth $53,496,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. increased 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 worth $371,968,000 after purchasing an additional 75,940 shares in the last quarter. Boston Partners increased 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Resideo Technologies by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,982,342 shares of the company's stock valued at $183,996,000 after acquiring an additional 88,273 shares during the period. Pacer Advisors Inc. bought a new position in shares of Resideo Technologies in the fourth quarter valued at approximately $122,145,000. Finally, Prudential Financial Inc. boosted its position in shares of Resideo Technologies by 11.2% in the fourth quarter. Prudential Financial Inc. now owns 1,917,221 shares of the company's stock valued at $44,192,000 after acquiring an additional 192,511 shares during the period. Hedge funds and other institutional investors own 91.71% of the company's stock.

Insider Buying and Selling at Resideo Technologies

In related news, major shareholder Channel Holdings Ii L.P. Cd&R bought 5,754,501 shares of the company's stock in a transaction on Friday, May 9th. The stock was acquired at an average cost of $17.38 per share, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Resideo Technologies Price Performance

REZI stock opened at $21.17 on Monday. The firm has a 50 day moving average of $17.35 and a 200-day moving average of $21.16. 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, Inc. has a 12 month low of $14.18 and a 12 month high of $28.28. The firm has a market capitalization of $3.14 billion, a P/E ratio of 33.60 and a beta of 2.23.

Resideo Technologies (NYSE:REZI - Get Free Report) last released 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). Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. As a group, sell-side analysts predict that Resideo Technologies, Inc. will post 2.13 earnings per share for the current fiscal year.

About Resideo Technologies

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.

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