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

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

A number of other institutional investors and hedge funds also recently modified their holdings of REZI. Vanguard Group Inc. raised its holdings 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 valued at $371,968,000 after purchasing an additional 75,940 shares during the last quarter. Boston Partners grew its holdings 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 buying an additional 1,966,706 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Resideo Technologies by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,982,342 shares of the company's stock worth $183,996,000 after buying an additional 88,273 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of Resideo Technologies during the fourth quarter worth $122,145,000. Finally, Nuveen Asset Management LLC grew its stake in shares of Resideo Technologies by 32.4% in the fourth quarter. Nuveen Asset Management LLC now owns 2,320,863 shares of the company's stock valued at $53,496,000 after acquiring an additional 567,800 shares in the last quarter. 91.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Resideo Technologies Price Performance

NYSE:REZI traded up $0.04 during mid-day trading on Wednesday, reaching $20.71. The stock had a trading volume of 240,417 shares, compared to its average volume of 970,012. The stock has a 50-day simple moving average of $17.74 and a two-hundred day simple moving average of $21.11. 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, Inc. has a 12 month low of $14.18 and a 12 month high of $28.28. The stock has a market capitalization of $3.08 billion, a PE ratio of 32.90 and a beta of 2.23.

Insiders Place Their Bets

In related news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 5,754,501 shares of the stock in a transaction dated Friday, May 9th. The stock was bought 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 of the company's stock, valued at $100,013,227.38. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.