Resideo Technologies, Inc. (NYSE:REZI) Stake Reduced by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 71.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,200 shares of the company's stock after selling 56,401 shares during the quarter. Renaissance Technologies LLC's holdings in Resideo Technologies were worth $434,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its stake in Resideo Technologies by 50.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,592 shares of the company's stock worth $31,000 after acquiring an additional 531 shares during the last quarter. EntryPoint Capital LLC purchased a new position in Resideo Technologies during the 1st quarter valued at about $70,000. nVerses Capital LLC raised its stake in Resideo Technologies by 1,166.7% in the second quarter. nVerses Capital LLC now owns 3,800 shares of the company's stock worth $74,000 after buying an additional 3,500 shares in the last quarter. Innealta Capital LLC bought a new stake in Resideo Technologies during the second quarter valued at about $191,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of Resideo Technologies during the 1st quarter worth approximately $253,000. Institutional investors own 91.71% of the company's stock.

Analysts Set New Price Targets

Separately, Evercore ISI started coverage on shares of Resideo Technologies in a report on Friday, August 9th. They issued an "outperform" rating and a $25.00 price objective on the stock.

Resideo Technologies Trading Up 2.9 %

Shares of NYSE REZI traded up $0.57 during mid-day trading on Friday, reaching $20.51. 515,649 shares of the company's stock were exchanged, compared to its average volume of 872,185. The company's 50-day moving average is $19.32 and its 200-day moving average is $20.30. Resideo Technologies, Inc. has a 52-week low of $14.19 and a 52-week high of $23.43. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 1.81. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 16.90 and a beta of 2.07.

Resideo Technologies (NYSE:REZI - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.20. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.53 billion. Resideo Technologies had a return on equity of 10.32% and a net margin of 2.85%. The business's revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. Analysts expect that Resideo Technologies, Inc. will post 1.92 EPS for the current fiscal 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.