Two Sigma Advisers LP Invests $7.81 Million in Resideo Technologies Inc (NYSE:REZI) Stock

Two Sigma Advisers LP bought a new stake in shares of Resideo Technologies Inc (NYSE:REZI) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 380,000 shares of the company’s stock, valued at approximately $7,809,000. Two Sigma Advisers LP owned about 0.31% of Resideo Technologies as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of REZI. BlackRock Inc. purchased a new stake in shares of Resideo Technologies during the fourth quarter worth about $209,847,000. Investec Asset Management LTD purchased a new stake in shares of Resideo Technologies during the fourth quarter worth about $60,825,000. Mason Capital Management LLC purchased a new stake in shares of Resideo Technologies during the fourth quarter worth about $56,044,000. Hudson Bay Capital Management LP purchased a new stake in shares of Resideo Technologies during the fourth quarter worth about $35,401,000. Finally, Prudential Financial Inc. purchased a new stake in shares of Resideo Technologies during the fourth quarter worth about $34,566,000. Institutional investors and hedge funds own 72.85% of the company’s stock.

In other news, Director Roger Fradin bought 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were purchased at an average price of $20.41 per share, with a total value of $510,250.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have purchased 26,452 shares of company stock worth $541,562.

Shares of NYSE REZI traded down $0.05 during midday trading on Friday, hitting $20.66. 610,597 shares of the company’s stock were exchanged, compared to its average volume of 1,061,109. The company has a current ratio of 1.21, a quick ratio of 0.79 and a debt-to-equity ratio of 0.77. The company has a market cap of $2.53 billion and a PE ratio of 8.36. Resideo Technologies Inc has a twelve month low of $17.60 and a twelve month high of $28.67.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.23). The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. Resideo Technologies’s quarterly revenue was up 4.7% compared to the same quarter last year. Sell-side analysts forecast that Resideo Technologies Inc will post 1.97 earnings per share for the current fiscal year.

A number of equities analysts recently commented on the company. Zacks Investment Research downgraded Resideo Technologies from a “buy” rating to a “sell” rating in a research note on Wednesday, March 13th. Imperial Capital assumed coverage on Resideo Technologies in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $24.00 price target for the company. ValuEngine upgraded Resideo Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Bank of America restated a “buy” rating and issued a $24.00 target price (down from $28.00) on shares of Resideo Technologies in a research note on Friday, March 8th. Finally, Oppenheimer set a $30.00 target price on Resideo Technologies and gave the company a “buy” rating in a research note on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Resideo Technologies presently has an average rating of “Hold” and an average price target of $25.00.

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About Resideo Technologies

Resideo Technologies, Inc provides critical comfort, thermal, and security solutions primarily in residential environments in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and Global Distribution. It offers home products, services, and technologies, including temperature and humidity control, water, air, remote patient monitoring software, and software solutions; and residential thermal solutions, such as boiler products, storage gas water heating solutions, ducted solutions, and thermal adjacency solutions.

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Institutional Ownership by Quarter for Resideo Technologies (NYSE:REZI)

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