Graham Capital Management L.P. Invests $829,000 in Resideo Technologies, Inc. (NYSE:REZI)

Graham Capital Management L.P. bought a new position in Resideo Technologies, Inc. (NYSE:REZI) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 35,951 shares of the company’s stock, valued at approximately $829,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Resideo Technologies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 16,137,439 shares of the company’s stock worth $371,968,000 after acquiring an additional 75,940 shares in the last quarter. Barclays PLC raised its position in shares of Resideo Technologies by 358.9% in the 3rd quarter. Barclays PLC now owns 262,698 shares of the company’s stock worth $5,290,000 after acquiring an additional 205,453 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Resideo Technologies in the 4th quarter worth approximately $122,145,000. Hennion & Walsh Asset Management Inc. raised its position 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 acquiring an additional 3,398 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position 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 worth $110,000 after acquiring an additional 4,165 shares in the last quarter. Institutional investors own 91.71% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity at Resideo Technologies

In other Resideo Technologies 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 stock was acquired at an average price of $17.38 per share, with a total value of $100,013,227.38. Following the acquisition, the insider now owns 5,754,501 shares in the company, valued at approximately $100,013,227.38. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by corporate insiders.

Resideo Technologies Stock Up 1.8%

REZI stock opened at $21.52 on Wednesday. Resideo Technologies, Inc. has a twelve month low of $14.18 and a twelve 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 market cap of $3.20 billion, a PE ratio of 34.16 and a beta of 2.23. The business has a 50 day moving average of $17.16 and a 200 day moving average of $21.13.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.08). Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. On average, research analysts forecast that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

Resideo Technologies 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.