Wealthfront Advisers LLC Acquires New Position in Resideo Technologies, Inc. (NYSE:REZI)

Wealthfront Advisers LLC purchased a new position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 67,066 shares of the company's stock, valued at approximately $1,546,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Resideo Technologies by 15.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,269 shares of the company's stock valued at $836,000 after purchasing an additional 4,754 shares during the last quarter. AlphaQuest LLC raised its position in shares of Resideo Technologies by 141.8% in the 4th quarter. AlphaQuest LLC now owns 53,300 shares of the company's stock valued at $1,229,000 after purchasing an additional 31,255 shares in the last quarter. Amundi raised its position in shares of Resideo Technologies by 41.5% in the 4th quarter. Amundi now owns 144,337 shares of the company's stock valued at $3,256,000 after purchasing an additional 42,298 shares in the last quarter. Inceptionr LLC acquired a new stake in shares of Resideo Technologies during the fourth quarter worth approximately $306,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Resideo Technologies in the fourth quarter worth $5,914,000. Institutional investors and hedge funds own 91.71% of the company's stock.

Resideo Technologies Stock Up 3.7 %

NYSE REZI traded up $0.65 during trading hours on Wednesday, reaching $18.08. 916,184 shares of the company traded hands, compared to its average volume of 817,977. The stock has a market capitalization of $2.67 billion, a PE ratio of 28.70 and a beta of 2.32. The company has a 50 day moving average of $20.89 and a two-hundred day moving average of $21.93. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. Resideo Technologies, Inc. has a 12 month low of $16.88 and a 12 month high of $28.28.

Remove Ads

Resideo Technologies (NYSE:REZI - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.84 billion. Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. As a group, equities analysts expect that Resideo Technologies, Inc. will post 2.13 earnings per share 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.