Raymond James Financial Inc. purchased a new position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 256,553 shares of the company's stock, valued at approximately $5,914,000. Raymond James Financial Inc. owned about 0.17% of Resideo Technologies at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Pacer Advisors Inc. acquired a new position in Resideo Technologies in the fourth quarter valued at about $122,145,000. Weiss Asset Management LP bought a new stake in Resideo Technologies during the 3rd quarter worth approximately $9,217,000. Beaconlight Capital LLC raised its holdings in Resideo Technologies by 64.9% during the 3rd quarter. Beaconlight Capital LLC now owns 1,088,926 shares of the company's stock worth $21,931,000 after buying an additional 428,669 shares during the period. Pembroke Management LTD lifted its stake in Resideo Technologies by 126.8% in the fourth quarter. Pembroke Management LTD now owns 667,421 shares of the company's stock valued at $15,384,000 after buying an additional 373,133 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Resideo Technologies by 98.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 621,560 shares of the company's stock valued at $12,518,000 after buying an additional 308,060 shares during the period. 91.71% of the stock is currently owned by institutional investors and hedge funds.
Resideo Technologies Stock Down 3.9 %
Shares of REZI stock traded down $0.72 during trading hours on Friday, hitting $17.80. 942,029 shares of the company were exchanged, compared to its average volume of 896,916. The company has a market capitalization of $2.63 billion, a PE ratio of 28.25 and a beta of 2.32. Resideo Technologies, Inc. has a 52 week low of $16.88 and a 52 week high of $28.28. The business has a 50 day moving average of $20.29 and a two-hundred day moving average of $21.85. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69.
Resideo Technologies (NYSE:REZI - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.08). The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. Analysts anticipate that Resideo Technologies, Inc. will post 2.13 earnings per share for the current fiscal year.
About Resideo Technologies
(
Free Report)
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.
Further Reading
Before you consider Resideo Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Resideo Technologies wasn't on the list.
While Resideo Technologies currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
