Versor Investments LP Takes Position in Resideo Technologies, Inc. (NYSE:REZI)

Versor Investments LP purchased a new position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,400 shares of the company's stock, valued at approximately $516,000.

Several other hedge funds have also recently bought and sold shares of REZI. Handelsbanken Fonder AB increased its stake in shares of Resideo Technologies by 19.0% in the fourth quarter. Handelsbanken Fonder AB now owns 40,700 shares of the company's stock valued at $938,000 after purchasing an additional 6,500 shares during the period. Pembroke Management LTD grew its holdings in Resideo Technologies by 126.8% in the 4th quarter. Pembroke Management LTD now owns 667,421 shares of the company's stock worth $15,384,000 after buying an additional 373,133 shares in the last quarter. CIBC Asset Management Inc increased its position in Resideo Technologies by 4.5% in the 4th quarter. CIBC Asset Management Inc now owns 14,546 shares of the company's stock valued at $335,000 after acquiring an additional 624 shares during the period. Principal Financial Group Inc. raised its stake in Resideo Technologies by 4.3% during the 4th quarter. Principal Financial Group Inc. now owns 774,642 shares of the company's stock valued at $17,855,000 after acquiring an additional 32,014 shares in the last quarter. Finally, Highland Capital Management LLC boosted its position in Resideo Technologies by 6.5% during the 4th quarter. Highland Capital Management LLC now owns 10,854 shares of the company's stock worth $250,000 after acquiring an additional 666 shares during the period. 91.71% of the stock is currently owned by institutional investors.

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Resideo Technologies Stock Performance

Shares of NYSE:REZI traded up $0.88 on Wednesday, hitting $18.48. The company's stock had a trading volume of 1,404,094 shares, compared to its average volume of 859,929. Resideo Technologies, Inc. has a 12 month low of $17.43 and a 12 month high of $28.28. The stock's 50-day moving average is $22.00 and its two-hundred day moving average is $22.07. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 29.33 and a beta of 2.32.

Resideo Technologies (NYSE:REZI - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.08). Resideo Technologies had a return on equity of 11.12% and a net margin of 1.69%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. On average, equities research analysts forecast that Resideo Technologies, Inc. will post 2.13 EPS for the current 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.