OMERS ADMINISTRATION Corp Makes New Investment in Resideo Technologies, Inc. (NYSE:REZI)

OMERS ADMINISTRATION Corp acquired a new position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,300 shares of the company's stock, valued at approximately $330,000.

Other large investors have also modified their holdings of the company. Quarry LP bought a new stake in shares of Resideo Technologies during the 4th quarter worth $28,000. R Squared Ltd bought a new stake in shares of Resideo Technologies during the 4th quarter worth $30,000. Smartleaf Asset Management LLC boosted its holdings in shares of Resideo Technologies by 293.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company's stock worth $60,000 after buying an additional 1,939 shares during the period. Blue Trust Inc. boosted its holdings in shares of Resideo Technologies by 28.9% during the 4th quarter. Blue Trust Inc. now owns 3,241 shares of the company's stock worth $75,000 after buying an additional 726 shares during the period. Finally, Sterling Capital Management LLC boosted its holdings in shares of Resideo Technologies by 705.9% during the 4th quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock worth $110,000 after buying an additional 4,165 shares during the period. 91.71% of the stock is owned by institutional investors.

Insider Activity at Resideo Technologies

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

Analysts Set New Price Targets

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

Resideo Technologies Price Performance

NYSE:REZI opened at $21.01 on Tuesday. The stock has a market cap of $3.12 billion, a P/E ratio of 33.35 and a beta of 2.23. Resideo Technologies, Inc. has a one year low of $14.18 and a one year high of $28.28. The company has a fifty day moving average price of $17.43 and a 200 day moving average price of $21.16. 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 released its earnings results on Thursday, February 20th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.08). The company had revenue of $1.86 billion for 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%. Analysts anticipate that Resideo Technologies, Inc. will post 2.13 earnings per share for the current year.

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.

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