D. E. Shaw & Co. Inc. Sells 483,158 Shares of Resideo Technologies, Inc. (NYSE:REZI)

D. E. Shaw & Co. Inc. lowered its position in Resideo Technologies, Inc. (NYSE:REZI) by 51.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 450,407 shares of the company’s stock after selling 483,158 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Resideo Technologies were worth $10,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. CIBC Asset Management Inc boosted its position in Resideo Technologies by 4.5% in the fourth quarter. CIBC Asset Management Inc now owns 14,546 shares of the company’s stock worth $335,000 after purchasing an additional 624 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Resideo Technologies by 4.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 15,280 shares of the company’s stock worth $352,000 after purchasing an additional 663 shares during the period. Highland Capital Management LLC boosted its holdings in shares of Resideo Technologies by 6.5% in the fourth quarter. Highland Capital Management LLC now owns 10,854 shares of the company’s stock worth $250,000 after buying an additional 666 shares during the last quarter. Blue Trust Inc. grew its position in Resideo Technologies by 28.9% during the fourth quarter. Blue Trust Inc. now owns 3,241 shares of the company’s stock valued at $75,000 after buying an additional 726 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in Resideo Technologies by 8.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,582 shares of the company’s stock valued at $267,000 after buying an additional 933 shares during the last quarter. Institutional investors own 91.71% of the company’s stock.

Insider Buying and Selling at Resideo Technologies

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R purchased 5,754,501 shares of the business’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 purchase, the insider now owns 5,754,501 shares of the company’s stock, valued at approximately $100,013,227.38. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut shares of Resideo Technologies from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $31.00 to $16.00 in a research note on Tuesday, April 22nd.

Resideo Technologies Price Performance

NYSE REZI opened at $21.22 on Thursday. The business’s fifty day moving average is $17.22 and its 200 day moving average is $21.13. Resideo Technologies, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $28.28. 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 company has a market capitalization of $3.15 billion, a PE ratio of 33.68 and a beta of 2.23.

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). The company 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 predict that Resideo Technologies, Inc. will post 2.13 earnings per share for the current 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.