Allianz Asset Management GmbH Lowers Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Allianz Asset Management GmbH reduced its position in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 69.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,884 shares of the company's stock after selling 24,534 shares during the period. Allianz Asset Management GmbH's holdings in Resideo Technologies were worth $193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of REZI. Quarry LP purchased a new position in Resideo Technologies during the fourth quarter valued at $28,000. IFP Advisors Inc lifted its position in Resideo Technologies by 20,133.3% during the first quarter. IFP Advisors Inc now owns 2,428 shares of the company's stock valued at $43,000 after purchasing an additional 2,416 shares in the last quarter. Versant Capital Management Inc lifted its position in Resideo Technologies by 52.1% during the first quarter. Versant Capital Management Inc now owns 3,174 shares of the company's stock valued at $56,000 after purchasing an additional 1,087 shares in the last quarter. Sterling Capital Management LLC lifted its position in Resideo Technologies by 705.9% during the fourth quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock valued at $110,000 after purchasing an additional 4,165 shares in the last quarter. Finally, Natixis purchased a new position in Resideo Technologies during the fourth quarter valued at $115,000. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on Resideo Technologies from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Tuesday, June 3rd. Oppenheimer raised Resideo Technologies from a "market perform" rating to an "outperform" rating in a report on Wednesday, July 30th.

Insider Transactions at Resideo Technologies

In other news, insider Robert B. Aarnes sold 47,000 shares of Resideo Technologies stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $28.00, for a total value of $1,316,000.00. Following the sale, the insider directly owned 503,692 shares of the company's stock, valued at approximately $14,103,376. The trade was a 8.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Channel Holdings Ii L.P. Cd&R bought 4,477,919 shares of Resideo Technologies stock in a transaction dated Friday, July 25th. The stock was purchased at an average cost of $22.33 per share, for a total transaction of $99,991,931.27. Following the completion of the acquisition, the insider directly owned 10,232,420 shares of the company's stock, valued at approximately $228,489,938.60. The trade was a 77.82% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.50% of the company's stock.

Resideo Technologies Price Performance

NYSE:REZI traded up $0.38 on Friday, reaching $27.29. 640,144 shares of the company's stock traded hands, compared to its average volume of 1,127,755. The company has a quick ratio of 1.16, a current ratio of 1.00 and a debt-to-equity ratio of 0.93. The stock has a 50-day simple moving average of $23.22 and a 200-day simple moving average of $20.46. The firm has a market cap of $4.05 billion, a PE ratio of -5.00 and a beta of 2.16. Resideo Technologies, Inc. has a 12 month low of $14.18 and a 12 month high of $29.40.

Resideo Technologies (NYSE:REZI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.12. Resideo Technologies had a positive return on equity of 12.55% and a negative net margin of 10.52%. The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.83 billion. During the same period last year, the firm earned $0.62 earnings per share. The business's quarterly revenue was up 22.3% on a year-over-year basis. Equities research analysts forecast that Resideo Technologies, Inc. will post 2.13 earnings per share for the current 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.