XTX Topco Ltd Invests $376,000 in Resideo Technologies, Inc. (NYSE:REZI)

Key Points

• XTX Topco Ltd has acquired a new stake in Resideo Technologies, Inc., purchasing 21,221 shares valued at approximately $376,000 during the first quarter of the year.
• Insider activity includes Director Nina Richardson selling 2,790 shares valued at $66,067.20, while Channel Holdings Ii L.P. purchased over 4.4 million shares in a transaction worth about $100 million.
• Analysts have raised the price target for Resideo Technologies, with JPMorgan increasing it to $21.00 and Oppenheimer upgrading the stock to an "outperform" rating.

XTX Topco Ltd purchased a new stake in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 21,221 shares of the company's stock, valued at approximately $376,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Quarry LP bought a new stake in shares of Resideo Technologies during the fourth quarter valued at approximately $28,000. IFP Advisors Inc boosted its position in shares of 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 boosted its position in shares of 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 increased its position in Resideo Technologies by 705.9% during the 4th quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock valued at $110,000 after buying 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. Institutional investors own 91.71% of the company's stock.

Analyst Upgrades and Downgrades

REZI has been the topic of several analyst reports. Morgan Stanley raised Resideo Technologies from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $24.00 to $35.00 in a research report on Tuesday. JPMorgan Chase & Co. increased their price target on shares of Resideo Technologies from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. Finally, Oppenheimer upgraded shares of Resideo Technologies from a "market perform" rating to an "outperform" rating in a research report on Wednesday, July 30th.

Resideo Technologies Stock Up 2.4%

REZI traded up $0.76 during trading on Wednesday, hitting $32.04. The stock had a trading volume of 809,769 shares, compared to its average volume of 1,155,922. The company has a market capitalization of $4.77 billion, a PE ratio of -5.87 and a beta of 2.16. Resideo Technologies, Inc. has a twelve month low of $14.18 and a twelve month high of $32.21. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.63 and a current ratio of 1.00. The stock has a 50 day simple moving average of $23.70 and a two-hundred day simple moving average of $20.55.

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

Insider Transactions at Resideo Technologies

In related news, Director Nina Richardson sold 2,790 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $23.68, for a total value of $66,067.20. Following the completion of the sale, the director owned 64,008 shares of the company's stock, valued at approximately $1,515,709.44. This trade represents a 4.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert B. Aarnes sold 47,000 shares of Resideo Technologies stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $28.00, for a total transaction of $1,316,000.00. Following the completion of the sale, the insider owned 503,692 shares of the company's stock, valued at $14,103,376. This trade represents a 8.53% decrease in their position. The disclosure for this sale can be found here. Insiders acquired a total of 5,724,042 shares of company stock valued at $135,201,451 in the last three months. 1.50% of the stock is currently owned by company insiders.

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.