Pacer Advisors Inc. Makes New $122.15 Million Investment in Resideo Technologies, Inc. (NYSE:REZI)

Pacer Advisors Inc. purchased a new stake in shares of Resideo Technologies, Inc. (NYSE:REZI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,299,149 shares of the company’s stock, valued at approximately $122,145,000. Pacer Advisors Inc. owned approximately 3.61% of Resideo Technologies at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of REZI. State Street Corp increased its position in Resideo Technologies by 2.0% in the 3rd quarter. State Street Corp now owns 8,060,486 shares of the company’s stock worth $162,338,000 after buying an additional 159,069 shares during the period. Geode Capital Management LLC raised its holdings in shares of Resideo Technologies by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,363,750 shares of the company’s stock worth $67,759,000 after buying an additional 26,000 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Resideo Technologies by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,545,865 shares of the company’s stock worth $31,134,000 after buying an additional 54,508 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in Resideo Technologies by 53.4% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,214,375 shares of the company’s stock valued at $23,753,000 after buying an additional 422,730 shares in the last quarter. Finally, Beaconlight Capital LLC grew its position in Resideo Technologies by 64.9% in the third quarter. Beaconlight Capital LLC now owns 1,088,926 shares of the company’s stock valued at $21,931,000 after acquiring an additional 428,669 shares during the period. Institutional investors and hedge funds own 91.71% of the company’s stock.

Resideo Technologies Stock Performance

Resideo Technologies stock opened at $23.17 on Monday. Resideo Technologies, Inc. has a 52-week low of $16.53 and a 52-week high of $28.28. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. The stock has a fifty day moving average price of $24.84 and a two-hundred day moving average price of $21.96. The firm has a market capitalization of $3.41 billion, a P/E ratio of 20.87 and a beta of 2.17.

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

Insider Buying and Selling at Resideo Technologies

In other news, insider Robert B. Aarnes sold 98,829 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $26.16, for a total transaction of $2,585,366.64. Following the sale, the insider now owns 458,928 shares of the company’s stock, valued at $12,005,556.48. This trade represents a 17.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.

About Resideo Technologies

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.