Resideo Technologies, Inc. (NYSE:REZI) Shares Purchased by Northern Trust Corp

Northern Trust Corp raised its position in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 14.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,917,077 shares of the company's stock after acquiring an additional 239,967 shares during the period. Northern Trust Corp owned approximately 1.30% of Resideo Technologies worth $44,189,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in REZI. Quarry LP acquired a new stake in shares of Resideo Technologies in the fourth quarter valued at about $28,000. R Squared Ltd acquired a new stake in shares of Resideo Technologies in the fourth quarter valued at about $30,000. Smartleaf Asset Management LLC increased its holdings in Resideo Technologies by 293.3% during 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. increased its holdings in Resideo Technologies by 28.9% during 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, GAMMA Investing LLC increased its holdings in Resideo Technologies by 19.8% during the 4th quarter. GAMMA Investing LLC now owns 3,918 shares of the company's stock valued at $90,000 after acquiring an additional 647 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company's stock.

Wall Street Analysts Forecast Growth

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

Resideo Technologies Price Performance

NYSE:REZI traded up $1.34 during mid-day trading on Monday, hitting $21.14. 1,463,070 shares of the company's stock traded hands, compared to its average volume of 961,764. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82. The firm's 50 day simple moving average is $17.05 and its 200 day simple moving average is $21.12. Resideo Technologies, Inc. has a 1 year low of $14.18 and a 1 year high of $28.28. The company has a market cap of $3.14 billion, a PE ratio of 33.56 and a beta of 2.23.

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

Insider Transactions at Resideo Technologies

In related news, major shareholder Channel Holdings Ii L.P. Cd&R bought 5,754,501 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average cost 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 is available at this hyperlink. Insiders own 1.50% of the company's stock.

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.