Resideo Technologies, Inc. REZI acquired Chino, CA-based Arrow Wire & Cable. The parties involved have not disclosed the financial terms of the acquisition. The buyout will boost Resideo’s offerings of data communications products.Shares of Resideo gained 1.85% yesterday, ending the trading session at $24.82.Arrow Wire is a leading distributor of security, data communications and connectivity products. Its products include network equipment, fiber and copper cabling and connectivity, and racking solutions. It has a solid customer base on the West Coast and operates mainly through its three warehouses located at Chino, CA; Phoenix, AZ; and Hayward, CA. The privately-held company was founded in 1989.Inside the HeadlinesAs noted, the Arrow Wire buyout supports Resideo’s efforts to expand its distribution businesses. Since 2020, this is the fourth acquisition accomplished by Resideo in the distribution front. Also, this marks Resideo’s second buyout to enhance its data communications businesses.Arrow Wire’s experienced workforce, sound customer base and solid distribution channel will be advantageous for Resideo. Its three warehouse locations will also add vigor to Resideo’s businesses.The acquired assets are now part of Resideo’s ADI Global Distribution business segment. It engages in the distribution of security and voltage products (low-voltage types) through multiple stocking locations. Products offered include structured wiring, power audio, smart home, access control, enterprise connectivity, and others.In 2021, the segment generated revenues of $3.4 billion, reflecting an increase of 15% from the previous year. It accounted for 57.8% of Resideo’s total revenues in 2021.Inorganic Activities by ResideoResideo, on Feb 7, agreed to acquire Aurora, IL-based First Alert, Inc. in a $593-MILLION cash transaction. The seller in the buyout deal is Newell Brands Inc. NWL. The acquisition will boost Resideo’s offerings in the home security solutions market.The First Alert buyout is anticipated to generate annual cost synergies of $30 million by 2023-end. Also, the net present value of tax benefits is expected to total $46 million. The acquisition price of $593 million mirrors 6.4X adjusted EBITDA of 2021. The purchase price, net of tax benefits, is $547 million. Resideo anticipates the First Alert acquisition to be complete in first-quarter 2022.In 2021, Resideo acquired Foxboro, MA-based Shoreview Distribution and Richmond, VA-based Norfolk Wire & Electronics.Zacks Rank, Price Performance and Earnings EstimatesWith a market capitalization of $3.5 billion, Resideo currently carries a Zacks Rank #3 (Hold). Solid product offerings, synergies from buyouts, and strengthening demand are beneficial for the company. Supply-chain restrictions and cost inflation might be concerning.In the past three months, Resideo's shares have lost 10% compared with the industry's decline of 15.1%. Image Source: Zacks Investment Research In the past 60 days, the Zacks Consensus Estimate for the company's earnings per share is pegged at $1.87 per share for 2022. In the fourth quarter of 2021, its earnings of 45 cents per share surpassed the Zacks Consensus Estimate of 37 cents by 21.62%. Revenues of $1,454 million were in line with the consensus estimate.Resideo Technologies, Inc. Price and Consensus Resideo Technologies, Inc. price-consensus-chart | Resideo Technologies, Inc. QuoteStocks to ConsiderTwo better-ranked stocks in the industry are discussed below.KnowBe4, Inc. KNBE presently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The company reported in-line results in the last reported quarter. Earnings in the quarter were 1 cent per share. The earnings surprise for the last four quarters was 133.33%, on average. In the past 60 days, the Zacks Consensus Estimate for KnowBe4’s 2022 earnings has been unchanged at 11 cents.Verra Mobility Corporation VRRM presently carries a Zacks Rank #2.In the last reported quarter, the company recorded better-than-expected results, with earnings of 27 cents surpassing the Zacks Consensus Estimate of 19 cents by 42.11%. It pulled off a trailing four-quarter earnings surprise of -14.76%, on average. The Zacks Consensus Estimate for Verra’s 2022 earnings has been unchanged at 96 cents in the past 60 days. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Newell Brands Inc. (NWL): Free Stock Analysis Report VERRA MOBILITY CORP (VRRM): Free Stock Analysis Report Resideo Technologies, Inc. (REZI): Free Stock Analysis Report KnowBe4, Inc. (KNBE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research