Assenagon Asset Management S.A. Trims Stock Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Assenagon Asset Management S.A. lessened its position in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 12.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 460,487 shares of the company's stock after selling 66,866 shares during the period. Assenagon Asset Management S.A. owned 0.31% of Resideo Technologies worth $9,274,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. increased its holdings in Resideo Technologies by 14.8% in the second quarter. Pacer Advisors Inc. now owns 6,104,301 shares of the company's stock valued at $119,400,000 after purchasing an additional 787,934 shares during the period. D. E. Shaw & Co. Inc. raised its position in shares of Resideo Technologies by 53.4% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,214,375 shares of the company's stock worth $23,753,000 after acquiring an additional 422,730 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Resideo Technologies by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 7,822,902 shares of the company's stock worth $153,015,000 after acquiring an additional 397,864 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in Resideo Technologies by 167.2% in the second quarter. Cubist Systematic Strategies LLC now owns 542,409 shares of the company's stock valued at $10,610,000 after acquiring an additional 339,434 shares during the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new stake in Resideo Technologies during the 1st quarter valued at approximately $4,733,000. 91.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI began coverage on shares of Resideo Technologies in a research report on Friday, August 9th. They set an "outperform" rating and a $25.00 price objective for the company.

Resideo Technologies Trading Up 0.6 %

Shares of Resideo Technologies stock traded up $0.12 on Monday, reaching $20.27. 421,230 shares of the company's stock were exchanged, compared to its average volume of 858,308. The company has a market capitalization of $2.97 billion, a P/E ratio of 17.18 and a beta of 2.07. Resideo Technologies, Inc. has a 52 week low of $14.21 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's 50-day moving average is $19.75 and its two-hundred day moving average is $20.17.

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