5,299,149 Shares in Resideo Technologies, Inc. (NYSE:REZI) Bought by Pacer Advisors Inc.

Pacer Advisors Inc. bought a new position in Resideo Technologies, Inc. (NYSE:REZI) in the fourth quarter, HoldingsChannel.com reports. The firm bought 5,299,149 shares of the company’s stock, valued at approximately $122,145,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC boosted its position in shares of Resideo Technologies by 3.3% during the second quarter. Hsbc Holdings PLC now owns 23,479 shares of the company’s stock worth $457,000 after buying an additional 747 shares during the period. Sei Investments Co. lifted its stake in Resideo Technologies by 170.2% in the 2nd quarter. Sei Investments Co. now owns 101,354 shares of the company’s stock valued at $1,983,000 after acquiring an additional 63,847 shares in the last quarter. Marshall Wace LLP acquired a new position in Resideo Technologies during the 2nd quarter worth approximately $1,406,000. AXA S.A. boosted its position in Resideo Technologies by 198.8% during the 2nd quarter. AXA S.A. now owns 100,427 shares of the company’s stock worth $1,964,000 after acquiring an additional 66,817 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Resideo Technologies by 53.4% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,214,375 shares of the company’s stock worth $23,753,000 after acquiring an additional 422,730 shares in the last quarter. Institutional investors own 91.71% of the company’s stock.

Resideo Technologies Price Performance

NYSE REZI opened at $23.17 on Monday. Resideo Technologies, Inc. has a 12-month low of $16.53 and a 12-month high of $28.28. The firm’s 50 day moving average is $24.84 and its 200-day moving average is $21.96. The company has a market capitalization of $3.41 billion, a PE ratio of 20.87 and a beta of 2.17. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. Resideo Technologies had a net margin of 2.72% and a return on equity of 10.97%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the business earned $0.41 EPS. Equities research analysts anticipate that Resideo Technologies, Inc. will post 1.96 earnings per share for the current fiscal year.

Insider Activity at Resideo Technologies

In related news, insider Robert B. Aarnes sold 98,829 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $26.16, for a total value of $2,585,366.64. Following the completion of the transaction, the insider now directly owns 458,928 shares of the company’s stock, valued at approximately $12,005,556.48. This trade represents a 17.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by company insiders.

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.