Heritage Investors Management Corp Has $2.99 Million Stake in Resideo Technologies, Inc. (NYSE:REZI)

Heritage Investors Management Corp cut its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 158,966 shares of the company’s stock after selling 16,944 shares during the quarter. Heritage Investors Management Corp’s holdings in Resideo Technologies were worth $2,992,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in Resideo Technologies by 648.2% during the fourth quarter. International Assets Investment Management LLC now owns 1,863 shares of the company’s stock worth $35,000 after purchasing an additional 1,614 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Resideo Technologies by 185.3% in the 3rd quarter. Acadian Asset Management LLC now owns 154,355 shares of the company’s stock valued at $2,438,000 after purchasing an additional 100,255 shares during the period. GSA Capital Partners LLP purchased a new position in Resideo Technologies during the third quarter worth about $1,200,000. Tudor Investment Corp Et Al lifted its position in Resideo Technologies by 662.9% during the third quarter. Tudor Investment Corp Et Al now owns 193,492 shares of the company’s stock valued at $3,057,000 after purchasing an additional 168,130 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Resideo Technologies by 1,562.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 478,900 shares of the company’s stock worth $9,013,000 after acquiring an additional 450,087 shares during the last quarter. 91.71% of the stock is owned by institutional investors.

Resideo Technologies Trading Up 1.9 %

Shares of NYSE REZI traded up $0.41 during mid-day trading on Thursday, hitting $21.47. The stock had a trading volume of 760,076 shares, compared to its average volume of 926,978. The firm has a market cap of $3.13 billion, a P/E ratio of 16.14 and a beta of 2.13. The business has a 50 day moving average price of $21.43 and a two-hundred day moving average price of $18.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.26 and a current ratio of 1.93. 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.14. Resideo Technologies had a net margin of 3.17% and a return on equity of 9.26%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the firm earned $0.39 earnings per share. Resideo Technologies’s revenue was down 4.1% on a year-over-year basis. On average, equities analysts anticipate that Resideo Technologies, Inc. will post 2.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Resideo Technologies 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.