Cibc World Markets Corp Purchases Shares of 13,669 Resideo Technologies, Inc. (NYSE:REZI)

Cibc World Markets Corp acquired a new stake in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 13,669 shares of the company's stock, valued at approximately $315,000.

A number of other hedge funds also recently made changes to their positions in REZI. State Street Corp lifted its holdings in Resideo Technologies by 2.0% during the third quarter. State Street Corp now owns 8,060,486 shares of the company's stock valued at $162,338,000 after purchasing an additional 159,069 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of Resideo Technologies during the 4th quarter valued at $122,145,000. Geode Capital Management LLC lifted its stake in shares of Resideo Technologies by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,363,750 shares of the company's stock valued at $67,759,000 after buying an additional 26,000 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Resideo Technologies by 6.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,645,390 shares of the company's stock valued at $37,926,000 after acquiring an additional 99,525 shares during the period. Finally, Beaconlight Capital LLC lifted its position in shares of Resideo Technologies by 64.9% in the third quarter. Beaconlight Capital LLC now owns 1,088,926 shares of the company's stock valued at $21,931,000 after acquiring an additional 428,669 shares in the last quarter. 91.71% of the stock is currently owned by institutional investors.

Resideo Technologies Price Performance

Shares of NYSE REZI traded down $0.72 during mid-day trading on Friday, reaching $17.80. The company's stock had a trading volume of 942,029 shares, compared to its average volume of 896,916. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. Resideo Technologies, Inc. has a 52 week low of $16.88 and a 52 week high of $28.28. The stock has a fifty day moving average of $20.19 and a two-hundred day moving average of $21.85. The firm has a market capitalization of $2.63 billion, a PE ratio of 28.25 and a beta of 2.32.

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Resideo Technologies (NYSE:REZI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate 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%. As a group, sell-side analysts anticipate that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

About Resideo Technologies

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.