294,288 Shares in Resideo Technologies, Inc. (NYSE:REZI) Acquired by Pembroke Management LTD

Pembroke Management LTD bought a new position in Resideo Technologies, Inc. (NYSE:REZI - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 294,288 shares of the company's stock, valued at approximately $5,927,000. Pembroke Management LTD owned about 0.20% of Resideo Technologies at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its holdings in shares of Resideo Technologies by 9.2% during the third quarter. Nisa Investment Advisors LLC now owns 18,535 shares of the company's stock valued at $373,000 after buying an additional 1,557 shares during the last quarter. Highland Capital Management LLC bought a new position in shares of Resideo Technologies in the third quarter worth about $205,000. Hennion & Walsh Asset Management Inc. lifted its holdings in Resideo Technologies by 14.5% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 25,850 shares of the company's stock valued at $521,000 after purchasing an additional 3,271 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Resideo Technologies by 1,740.5% in the 3rd quarter. International Assets Investment Management LLC now owns 2,135 shares of the company's stock worth $43,000 after buying an additional 2,019 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of Resideo Technologies by 55.0% in the third quarter. Blue Trust Inc. now owns 2,515 shares of the company's stock worth $49,000 after acquiring an additional 892 shares during the period. 91.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Resideo Technologies Stock Up 1.6 %

Shares of REZI stock traded up $0.31 on Friday, hitting $19.98. The stock had a trading volume of 491,966 shares, compared to its average volume of 583,198. The company has a quick ratio of 1.06, a current ratio of 1.81 and a debt-to-equity ratio of 0.70. The company has a market cap of $2.93 billion, a PE ratio of 16.93 and a beta of 2.09. The business has a 50 day moving average price of $19.81 and a 200 day moving average price of $20.16. Resideo Technologies, Inc. has a one year low of $14.97 and a one year high of $23.43.

Resideo Technologies (NYSE:REZI - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.62 earnings per share (EPS) 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 business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the company earned $0.34 earnings per share. The business's revenue for the quarter was down .8% on a year-over-year basis. Research analysts anticipate that Resideo Technologies, Inc. will post 1.92 earnings per share for the current fiscal year.

Resideo Technologies Company 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.