Siemens Fonds Invest GmbH Makes New $779,000 Investment in Resideo Technologies, Inc. (NYSE:REZI)

Siemens Fonds Invest GmbH bought a new stake in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 33,795 shares of the company's stock, valued at approximately $779,000.

Other large investors have also recently made changes to their positions in the company. Quarry LP bought a new stake in Resideo Technologies during the 4th quarter valued at $28,000. R Squared Ltd acquired a new position in shares of Resideo Technologies during the fourth quarter valued at about $30,000. Smartleaf Asset Management LLC lifted its stake in shares of Resideo Technologies by 293.3% during the fourth 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 position in Resideo Technologies by 28.9% in the fourth quarter. Blue Trust Inc. now owns 3,241 shares of the company's stock valued at $75,000 after buying an additional 726 shares during the last quarter. Finally, Sterling Capital Management LLC increased its stake in shares of Resideo Technologies by 705.9% in the fourth quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock worth $110,000 after acquiring an additional 4,165 shares during the period. 91.71% of the stock is owned by institutional investors.

Resideo Technologies Stock Down 1.6%

Shares of REZI traded down $0.32 during mid-day trading on Friday, hitting $19.86. 174,699 shares of the company's stock were exchanged, compared to its average volume of 968,193. Resideo Technologies, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $28.28. The stock's 50-day moving average is $17.61 and its 200-day moving average is $21.15. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 31.50 and a beta of 2.23. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82.

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). Resideo Technologies had a return on equity of 11.12% and a net margin of 1.69%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. On average, sell-side analysts anticipate that Resideo Technologies, Inc. will post 2.13 earnings per share for the current fiscal year.

Insider Activity at Resideo Technologies

In other news, major shareholder Channel Holdings Ii L.P. Cd&R bought 5,754,501 shares of Resideo Technologies stock in a transaction on Friday, May 9th. The shares were bought at an average price of $17.38 per share, with a total value of $100,013,227.38. Following the acquisition, the insider now directly owns 5,754,501 shares in the company, valued at approximately $100,013,227.38. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut shares of 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 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.