Graham Capital Management L.P. Takes Position in Resideo Technologies, Inc. (NYSE:REZI)

Graham Capital Management L.P. purchased a new position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 35,951 shares of the company's stock, valued at approximately $829,000.

Several other institutional investors and hedge funds also recently made changes to their positions in REZI. Quarry LP purchased a new stake in shares of Resideo Technologies in the 4th quarter valued at about $28,000. R Squared Ltd purchased a new stake in shares of Resideo Technologies in the 4th quarter valued at about $30,000. Smartleaf Asset Management LLC raised its holdings in shares of Resideo Technologies by 293.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company's stock valued at $60,000 after acquiring an additional 1,939 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of 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 acquiring an additional 726 shares in the last quarter. Finally, Sterling Capital Management LLC raised its holdings in shares of Resideo Technologies by 705.9% in the 4th quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock valued at $110,000 after acquiring an additional 4,165 shares in the last quarter. Institutional investors own 91.71% of the company's stock.

Insider Transactions at Resideo Technologies

In other news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 5,754,501 shares of the firm's stock in a transaction on Friday, May 9th. The stock was acquired at an average price of $17.38 per share, for a total transaction of $100,013,227.38. Following the completion of the acquisition, the insider now owns 5,754,501 shares in the company, valued at $100,013,227.38. This trade represents a ∞ increase 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 hyperlink. Corporate insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

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 report on Tuesday, April 22nd.

Resideo Technologies Trading Up 0.7%

NYSE REZI traded up $0.16 during trading on Friday, hitting $21.17. 790,737 shares of the company's stock traded hands, compared to its average volume of 965,250. The stock has a fifty day moving average of $17.35 and a two-hundred day moving average of $21.14. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. Resideo Technologies, Inc. has a 12-month low of $14.18 and a 12-month high of $28.28. The firm has a market cap of $3.14 billion, a P/E ratio of 33.60 and a beta of 2.23.

Resideo Technologies (NYSE:REZI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.08). Resideo Technologies had a return on equity of 11.12% and a net margin of 1.69%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. As a group, sell-side analysts expect that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

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.