Sherbrooke Park Advisers LLC Buys Shares of 16,682 Resideo Technologies, Inc. (NYSE:REZI)

Sherbrooke Park Advisers LLC bought a new position in Resideo Technologies, Inc. (NYSE:REZI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,682 shares of the company's stock, valued at approximately $385,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Pacer Advisors Inc. bought a new position in Resideo Technologies in the 4th quarter worth about $122,145,000. Boston Partners boosted its position in shares of Resideo Technologies by 25.1% during the fourth quarter. Boston Partners now owns 9,797,883 shares of the company's stock worth $225,865,000 after buying an additional 1,966,706 shares during the period. Norges Bank bought a new position in Resideo Technologies in the 4th quarter worth approximately $40,596,000. Federated Hermes Inc. acquired a new stake in Resideo Technologies in the 4th quarter valued at approximately $35,542,000. Finally, Nuveen Asset Management LLC raised its stake in Resideo Technologies by 32.4% during the 4th 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 currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 5,754,501 shares of Resideo Technologies stock in a transaction dated 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 purchase, the insider now directly owns 5,754,501 shares in the company, valued at $100,013,227.38. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Resideo Technologies Price Performance

Shares of Resideo Technologies stock traded down $0.30 on Friday, hitting $19.88. The company had a trading volume of 147,987 shares, compared to its average volume of 1,065,064. Resideo Technologies, Inc. has a 52 week low of $14.18 and a 52 week high of $28.28. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. The company has a market cap of $2.95 billion, a PE ratio of 31.59 and a beta of 2.23. The business has a 50-day simple moving average of $17.61 and a 200-day simple moving average of $21.15.

Resideo Technologies (NYSE:REZI - Get Free Report) last issued its quarterly 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). The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. Research analysts expect that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal 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.