Resideo Technologies, Inc. (NYSE:REZI) Shares Acquired by River Global Investors LLP

River Global Investors LLP lifted its position in Resideo Technologies, Inc. (NYSE:REZI) by 5.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 107,065 shares of the company’s stock after acquiring an additional 5,330 shares during the quarter. River Global Investors LLP’s holdings in Resideo Technologies were worth $2,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in REZI. SG Americas Securities LLC raised its position in shares of Resideo Technologies by 367.9% during the 3rd quarter. SG Americas Securities LLC now owns 33,535 shares of the company’s stock worth $530,000 after purchasing an additional 26,368 shares during the last quarter. Raymond James & Associates boosted its position in Resideo Technologies by 4.0% in the 3rd quarter. Raymond James & Associates now owns 235,737 shares of the company’s stock valued at $3,725,000 after buying an additional 9,085 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Resideo Technologies by 13.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,352 shares of the company’s stock worth $495,000 after buying an additional 3,687 shares during the period. Mackenzie Financial Corp acquired a new stake in Resideo Technologies during the third quarter worth approximately $298,000. Finally, Steph & Co. increased its position in Resideo Technologies by 15.3% during the third quarter. Steph & Co. now owns 15,296 shares of the company’s stock worth $242,000 after buying an additional 2,026 shares during the period. 91.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, TheStreet upgraded shares of Resideo Technologies from a “c+” rating to a “b-” rating in a research report on Wednesday, February 28th.

Resideo Technologies Stock Up 3.9 %

NYSE REZI traded up $0.76 on Friday, reaching $20.49. The company had a trading volume of 1,152,301 shares, compared to its average volume of 783,672. The firm has a market capitalization of $2.99 billion, a PE ratio of 15.41 and a beta of 2.13. The firm has a 50-day moving average of $21.51 and a 200-day moving average of $18.72. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.80 and a quick ratio of 1.18. Resideo Technologies, Inc. has a 1 year low of $14.19 and a 1 year high of $23.21.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.14. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Resideo Technologies had a return on equity of 9.33% and a net margin of 3.17%. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 earnings per share. On average, equities research analysts anticipate that Resideo Technologies, Inc. will post 1.65 EPS for the current fiscal 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.