Tower Research Capital LLC TRC Grows Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Tower Research Capital LLC TRC lifted its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,582 shares of the company’s stock after buying an additional 933 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Resideo Technologies were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. R Squared Ltd acquired a new position in Resideo Technologies during the 4th quarter worth $30,000. Smartleaf Asset Management LLC grew its stake in Resideo Technologies by 293.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company’s stock worth $60,000 after purchasing an additional 1,939 shares in the last quarter. Blue Trust Inc. grew its stake in Resideo Technologies by 28.9% in the fourth quarter. Blue Trust Inc. now owns 3,241 shares of the company’s stock worth $75,000 after purchasing an additional 726 shares in the last quarter. GAMMA Investing LLC increased its holdings in Resideo Technologies by 19.8% in the fourth quarter. GAMMA Investing LLC now owns 3,918 shares of the company’s stock valued at $90,000 after buying an additional 647 shares during the last quarter. Finally, Sterling Capital Management LLC raised its stake in Resideo Technologies by 705.9% during the fourth quarter. Sterling Capital Management LLC now owns 4,755 shares of the company’s stock valued at $110,000 after buying an additional 4,165 shares in the last quarter. Institutional investors own 91.71% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered Resideo Technologies from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $31.00 to $16.00 in a research report on Tuesday, April 22nd.

Resideo Technologies Trading Up 3.7 %

Resideo Technologies stock opened at $17.54 on Friday. Resideo Technologies, Inc. has a 1 year low of $14.18 and a 1 year high of $28.28. The firm’s 50-day moving average is $17.03 and its 200-day moving average is $21.19. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82. The company has a market cap of $2.61 billion, a P/E ratio of 27.85 and a beta of 2.23.

Resideo Technologies (NYSE:REZI) last issued its earnings results on Thursday, February 20th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.08). The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. Resideo Technologies had a return on equity of 11.12% and a net margin of 1.69%. On average, equities analysts expect that Resideo Technologies, Inc. will post 2.13 earnings per share for the current year.

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.