ProShare Advisors LLC Has $1.02 Million Holdings in Resideo Technologies, Inc. (NYSE:REZI)

ProShare Advisors LLC boosted its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 44.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,036 shares of the company's stock after purchasing an additional 13,556 shares during the period. ProShare Advisors LLC's holdings in Resideo Technologies were worth $1,015,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. acquired a new stake in shares of Resideo Technologies in the 4th quarter valued at approximately $122,145,000. Boston Partners lifted its stake in Resideo Technologies by 25.1% in the 4th quarter. Boston Partners now owns 9,797,883 shares of the company's stock valued at $225,865,000 after purchasing an additional 1,966,706 shares during the last quarter. Norges Bank acquired a new stake in Resideo Technologies in the fourth quarter valued at approximately $40,596,000. Federated Hermes Inc. acquired a new stake in Resideo Technologies in the fourth quarter valued at approximately $35,542,000. Finally, Nuveen Asset Management LLC grew its stake in shares of Resideo Technologies by 32.4% during the fourth quarter. Nuveen Asset Management LLC now owns 2,320,863 shares of the company's stock worth $53,496,000 after buying an additional 567,800 shares during the last quarter. 91.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder Channel Holdings Ii L.P. Cd&R bought 5,754,501 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average cost of $17.38 per share, with a total value of $100,013,227.38. Following the transaction, the insider now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

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

Resideo Technologies Trading Down 1.4%

Resideo Technologies stock traded down $0.29 during trading hours on Friday, hitting $19.89. The stock had a trading volume of 693,489 shares, compared to its average volume of 973,817. The business's 50 day simple moving average is $17.66 and its 200-day simple moving average is $21.14. Resideo Technologies, Inc. has a one year low of $14.18 and a one year high of $28.28. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 31.57 and a beta of 2.23. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69.

Resideo Technologies (NYSE:REZI - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $1.84 billion. On average, equities analysts predict that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

Resideo Technologies 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.