Algert Global LLC purchased a new stake in shares of Resideo Technologies Inc (NYSE:REZI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,602 shares of the company’s stock, valued at approximately $298,000.
A number of other institutional investors have also recently bought and sold shares of the business. Crossmark Global Holdings Inc. boosted its position in shares of Resideo Technologies by 2.7% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 20,707 shares of the company’s stock worth $454,000 after purchasing an additional 539 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Resideo Technologies by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 49,693 shares of the company’s stock valued at $1,089,000 after buying an additional 703 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in Resideo Technologies by 0.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 161,874 shares of the company’s stock valued at $3,123,000 after buying an additional 709 shares during the last quarter. Arizona State Retirement System raised its stake in Resideo Technologies by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 89,052 shares of the company’s stock valued at $1,952,000 after buying an additional 754 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in Resideo Technologies by 84.6% during the 2nd quarter. Captrust Financial Advisors now owns 1,663 shares of the company’s stock valued at $36,000 after buying an additional 762 shares during the last quarter. 78.05% of the stock is currently owned by institutional investors and hedge funds.
Resideo Technologies stock traded up $0.24 during mid-day trading on Friday, hitting $14.34. The stock had a trading volume of 495,173 shares, compared to its average volume of 927,985. The firm’s 50 day moving average is $14.17 and its 200 day moving average is $18.67. Resideo Technologies Inc has a one year low of $12.99 and a one year high of $28.67. The firm has a market capitalization of $1.70 billion and a P/E ratio of 5.81. The company has a current ratio of 1.18, a quick ratio of 0.72 and a debt-to-equity ratio of 0.73.
Resideo Technologies (NYSE:REZI) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). Resideo Technologies had a net margin of 7.39% and a return on equity of 9.67%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. As a group, equities research analysts forecast that Resideo Technologies Inc will post 1.37 earnings per share for the current year.
Several equities research analysts have recently commented on the company. Zacks Investment Research lowered Resideo Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. Oppenheimer reduced their price objective on Resideo Technologies from $30.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Finally, Imperial Capital restated an “outperform” rating and issued a $25.00 price objective (down from $26.00) on shares of Resideo Technologies in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.25.
Resideo Technologies Company Profile
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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