Squarepoint Ops LLC grew its position in shares of Resideo Technologies, Inc. (NYSE:REZI – Free Report) by 85.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 166,835 shares of the company’s stock after buying an additional 77,065 shares during the quarter. Squarepoint Ops LLC’s holdings in Resideo Technologies were worth $5,189,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its position in Resideo Technologies by 10.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,126 shares of the company’s stock worth $111,000 after purchasing an additional 306 shares during the period. Vise Technologies Inc. lifted its position in Resideo Technologies by 2.4% during the fourth quarter. Vise Technologies Inc. now owns 13,670 shares of the company’s stock valued at $480,000 after purchasing an additional 315 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in Resideo Technologies by 6.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,929 shares of the company’s stock worth $208,000 after buying an additional 347 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Resideo Technologies by 283.8% during the 3rd quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock valued at $25,000 after buying an additional 420 shares in the last quarter. Finally, Maryland State Retirement & Pension System grew its stake in shares of Resideo Technologies by 2.4% during the 4th quarter. Maryland State Retirement & Pension System now owns 20,139 shares of the company’s stock valued at $707,000 after acquiring an additional 463 shares during the period. 91.71% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on REZI shares. Oppenheimer reaffirmed an “outperform” rating on shares of Resideo Technologies in a report on Thursday, August 13th. Weiss Ratings upgraded shares of Resideo Technologies from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, August 14th. JPMorgan Chase & Co. initiated coverage on shares of Resideo Technologies in a research note on Friday, August 7th. They set a “neutral” rating and a $30.00 target price on the stock. Morgan Stanley cut their price target on Resideo Technologies from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. Finally, Seaport Research Partners assumed coverage on Resideo Technologies in a report on Wednesday, July 1st. They set a “buy” rating and a $55.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $41.00.
Resideo Technologies Stock Performance
Shares of NYSE REZI opened at $19.13 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.41 and a current ratio of 2.22. The company has a market cap of $2.90 billion, a P/E ratio of 8.46 and a beta of 1.60. The firm’s fifty day moving average is $26.87 and its two-hundred day moving average is $31.73. Resideo Technologies, Inc. has a 52-week low of $18.50 and a 52-week high of $45.29.
Resideo Technologies (NYSE:REZI – Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.36. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.94 billion. Resideo Technologies had a return on equity of 17.79% and a net margin of 5.37%.The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 earnings per share. As a group, analysts anticipate that Resideo Technologies, Inc. will post 2.5 EPS for the current fiscal year.
Insider Activity
In related news, SVP Joshua Foster purchased 15,317 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was bought at an average price of $20.58 per share, for a total transaction of $315,223.86. Following the completion of the transaction, the senior vice president owned 183,509 shares in the company, valued at approximately $3,776,615.22. The trade was a 9.11% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Thomas A. Surran acquired 15,000 shares of Resideo Technologies stock in a transaction on Friday, August 14th. The shares were bought at an average cost of $20.46 per share, for a total transaction of $306,900.00. Following the completion of the purchase, the chief executive officer directly owned 338,573 shares of the company’s stock, valued at $6,927,203.58. The trade was a 4.64% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 41,245 shares of company stock worth $848,115. 1.60% of the stock is currently owned by corporate insiders.
About Resideo Technologies
Resideo Technologies, Inc is a technology and manufacturing company that provides products and solutions for residential and commercial buildings. Its offerings are designed to improve security, comfort, energy efficiency, water management and connectivity in homes and other properties.
Through its Products and Solutions segment, Resideo supplies thermostats, heating and cooling controls, indoor air-quality products, water-management systems, security and fire products, video solutions, sensors and connected-home technologies.
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