Robeco Institutional Asset Management B.V. Increases Position in Resideo Technologies, Inc. (NYSE:REZI)

Robeco Institutional Asset Management B.V. lifted its position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 83.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 184,843 shares of the company's stock after acquiring an additional 83,987 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.13% of Resideo Technologies worth $3,723,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Nilsine Partners LLC raised its stake in Resideo Technologies by 3.3% during the 2nd quarter. Nilsine Partners LLC now owns 14,256 shares of the company's stock worth $279,000 after buying an additional 452 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Resideo Technologies by 3.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 13,702 shares of the company's stock worth $268,000 after acquiring an additional 454 shares during the period. GAMMA Investing LLC raised its holdings in Resideo Technologies by 50.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,592 shares of the company's stock valued at $31,000 after acquiring an additional 531 shares during the period. Arizona State Retirement System boosted its position in shares of Resideo Technologies by 1.3% in the second quarter. Arizona State Retirement System now owns 40,683 shares of the company's stock valued at $796,000 after acquiring an additional 535 shares during the period. Finally, SummerHaven Investment Management LLC increased its stake in Resideo Technologies by 1.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 41,904 shares of the company's stock worth $820,000 after acquiring an additional 705 shares during the last quarter. Institutional investors own 91.71% of the company's stock.

Resideo Technologies Stock Performance

Shares of REZI stock traded up $2.26 on Friday, reaching $24.01. The stock had a trading volume of 2,082,378 shares, compared to its average volume of 856,731. The company has a 50 day simple moving average of $19.95 and a 200 day simple moving average of $20.23. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 1.81. Resideo Technologies, Inc. has a 1 year low of $15.44 and a 1 year high of $24.09. The stock has a market cap of $3.52 billion, a P/E ratio of 20.35 and a beta of 2.09.

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

Wall Street Analysts Forecast Growth

Separately, Evercore ISI initiated coverage on shares of Resideo Technologies in a research note on Friday, August 9th. They issued an "outperform" rating and a $25.00 price target for the company.

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.