Siemens Fonds Invest GmbH Purchases Shares of 33,795 Resideo Technologies, Inc. (NYSE:REZI)

Siemens Fonds Invest GmbH acquired a new stake in Resideo Technologies, Inc. (NYSE:REZI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 33,795 shares of the company's stock, valued at approximately $779,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Barclays PLC raised its position in Resideo Technologies by 358.9% in the third quarter. Barclays PLC now owns 262,698 shares of the company's stock worth $5,290,000 after purchasing an additional 205,453 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Resideo Technologies by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 742,628 shares of the company's stock valued at $14,957,000 after purchasing an additional 22,353 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Resideo Technologies by 13.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 29,248 shares of the company's stock worth $674,000 after buying an additional 3,398 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its position in shares of Resideo Technologies by 23.1% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 30,439 shares of the company's stock worth $702,000 after buying an additional 5,705 shares during the period. Finally, Blue Trust Inc. boosted its stake in Resideo Technologies by 28.9% in the 4th quarter. Blue Trust Inc. now owns 3,241 shares of the company's stock valued at $75,000 after buying an additional 726 shares in the last quarter. 91.71% of the stock is owned by institutional investors.

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 on Friday, May 9th. The stock was purchased at an average price of $17.38 per share, for a total transaction of $100,013,227.38. Following the transaction, the insider now owns 5,754,501 shares of the company's stock, valued at $100,013,227.38. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.50% of the company's stock.

Resideo Technologies Trading Up 0.7%

Shares of REZI stock opened at $21.17 on Friday. The company has a market capitalization of $3.14 billion, a P/E ratio of 33.60 and a beta of 2.23. Resideo Technologies, Inc. has a 12-month low of $14.18 and a 12-month high of $28.28. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69. The firm has a 50-day moving average price of $17.35 and a 200 day moving average price of $21.15.

Resideo Technologies (NYSE:REZI - Get Free Report) last posted its 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 during 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 forecast that Resideo Technologies, Inc. will post 2.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About Resideo Technologies

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.