14,300 Shares in Resideo Technologies, Inc. (NYSE:REZI) Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp bought a new position in Resideo Technologies, Inc. (NYSE:REZI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,300 shares of the company's stock, valued at approximately $330,000.

A number of other hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC lifted its position in shares of Resideo Technologies by 43.2% in the fourth quarter. Lazard Asset Management LLC now owns 86,868 shares of the company's stock worth $2,002,000 after buying an additional 26,205 shares in the last quarter. Graham Capital Management L.P. bought a new stake in Resideo Technologies during the fourth quarter worth approximately $829,000. Deutsche Bank AG increased its stake in Resideo Technologies by 52.6% during the fourth quarter. Deutsche Bank AG now owns 135,777 shares of the company's stock worth $3,130,000 after acquiring an additional 46,796 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in Resideo Technologies by 88.8% during the fourth quarter. Cubist Systematic Strategies LLC now owns 111,944 shares of the company's stock worth $2,580,000 after acquiring an additional 52,647 shares during the last quarter. Finally, Caption Management LLC bought a new stake in Resideo Technologies during the fourth quarter worth approximately $230,000. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Resideo Technologies

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

Resideo Technologies Price Performance

Resideo Technologies stock traded down $0.29 during midday trading on Friday, reaching $19.89. The company 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 12-month low of $14.18 and a 12-month high of $28.28. The firm's fifty day simple moving average is $17.66 and its 200-day simple moving average is $21.14. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10.

Resideo Technologies (NYSE:REZI - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.51 earnings per share (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 analysts' expectations of $1.84 billion. As a group, equities analysts anticipate that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

Analyst Ratings Changes

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

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.