Louisiana State Employees Retirement System increased its position in Resideo Technologies, Inc. (NYSE:REZI – Free Report) by 13.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,200 shares of the company’s stock after buying an additional 9,200 shares during the period. Louisiana State Employees Retirement System owned 0.05% of Resideo Technologies worth $1,363,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Ellevest Inc. lifted its position in shares of Resideo Technologies by 2,371.1% in the first quarter. Ellevest Inc. now owns 2,051 shares of the company’s stock worth $37,000 after buying an additional 1,968 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Resideo Technologies by 72.5% in the first quarter. Parkside Financial Bank & Trust now owns 2,467 shares of the company’s stock worth $59,000 after buying an additional 1,037 shares in the last quarter. Dark Forest Capital Management LP lifted its position in shares of Resideo Technologies by 687.2% in the first quarter. Dark Forest Capital Management LP now owns 2,897 shares of the company’s stock worth $53,000 after buying an additional 2,529 shares in the last quarter. Ronald Blue Trust Inc. lifted its position in shares of Resideo Technologies by 31.3% in the first quarter. Ronald Blue Trust Inc. now owns 3,308 shares of the company’s stock worth $54,000 after buying an additional 788 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Resideo Technologies by 825.1% during the first quarter. Tower Research Capital LLC TRC now owns 4,681 shares of the company’s stock worth $86,000 after acquiring an additional 4,175 shares during the last quarter. 90.59% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Morgan Stanley reduced their price objective on Resideo Technologies from $21.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Friday, August 4th.
Resideo Technologies Trading Down 1.8 %
REZI opened at $15.44 on Wednesday. Resideo Technologies, Inc. has a one year low of $14.95 and a one year high of $23.94. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 11.03 and a beta of 1.94. The stock’s 50 day moving average price is $16.44 and its 200-day moving average price is $17.05. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.72.
Resideo Technologies (NYSE:REZI – Get Free Report) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.12). Resideo Technologies had a return on equity of 8.27% and a net margin of 3.30%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the company earned $0.63 EPS. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. On average, equities analysts forecast that Resideo Technologies, Inc. will post 1.33 EPS for the current year.
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.
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