Invesco Ltd. Grows Stock Position in Resideo Technologies, Inc. (NYSE:REZI)

Invesco Ltd. increased its position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 22.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 988,890 shares of the company's stock after acquiring an additional 182,197 shares during the period. Invesco Ltd. owned about 0.67% of Resideo Technologies worth $22,794,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in REZI. R Squared Ltd acquired a new position in Resideo Technologies in the 4th quarter worth about $30,000. Smartleaf Asset Management LLC grew its stake in shares of Resideo Technologies by 293.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company's stock valued at $60,000 after buying an additional 1,939 shares during the period. Blue Trust Inc. increased its holdings in shares of Resideo Technologies by 28.9% during the fourth quarter. Blue Trust Inc. now owns 3,241 shares of the company's stock valued at $75,000 after acquiring an additional 726 shares in the last quarter. GAMMA Investing LLC increased its stake in Resideo Technologies by 19.8% during the 4th quarter. GAMMA Investing LLC now owns 3,918 shares of the company's stock valued at $90,000 after purchasing an additional 647 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in Resideo Technologies in the 4th quarter valued at about $119,000. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Resideo Technologies Stock Performance

Shares of NYSE:REZI traded up $0.37 during mid-day trading on Thursday, reaching $15.79. The company had a trading volume of 232,620 shares, compared to its average volume of 937,672. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 25.01 and a beta of 2.04. Resideo Technologies, Inc. has a one year low of $14.18 and a one year high of $28.28. The company's 50-day moving average price is $17.60 and its 200-day moving average price is $21.36.

Resideo Technologies (NYSE:REZI - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.08). The firm had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.84 billion. Resideo Technologies had a return on equity of 11.12% and a net margin of 1.69%. As a group, equities research analysts anticipate that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered Resideo Technologies from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $31.00 to $16.00 in a report on Tuesday.

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.