Duality Advisers LP Increases Stock Position in Resideo Technologies, Inc. (NYSE:REZI)

Duality Advisers LP lifted its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,848 shares of the company’s stock after acquiring an additional 2,497 shares during the period. Duality Advisers LP’s holdings in Resideo Technologies were worth $599,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC lifted its holdings in shares of Resideo Technologies by 648.2% during the fourth quarter. International Assets Investment Management LLC now owns 1,863 shares of the company’s stock worth $35,000 after purchasing an additional 1,614 shares during the period. Nilsine Partners LLC acquired a new stake in shares of Resideo Technologies during the third quarter worth $184,000. Connable Office Inc. lifted its holdings in shares of Resideo Technologies by 14.5% during the third quarter. Connable Office Inc. now owns 12,635 shares of the company’s stock worth $200,000 after purchasing an additional 1,597 shares during the period. Linden Thomas Advisory Services LLC lifted its holdings in shares of Resideo Technologies by 14.7% during the third quarter. Linden Thomas Advisory Services LLC now owns 13,102 shares of the company’s stock worth $207,000 after purchasing an additional 1,676 shares during the period. Finally, Steph & Co. lifted its holdings in Resideo Technologies by 15.3% in the third quarter. Steph & Co. now owns 15,296 shares of the company’s stock valued at $242,000 after acquiring an additional 2,026 shares during the period. 91.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, TheStreet raised Resideo Technologies from a “c+” rating to a “b-” rating in a report on Wednesday, February 28th.

Resideo Technologies Price Performance

Resideo Technologies stock opened at $19.80 on Friday. Resideo Technologies, Inc. has a one year low of $14.19 and a one year high of $23.21. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.18 and a current ratio of 1.80. The business has a fifty day moving average of $21.78 and a two-hundred day moving average of $18.53. The company has a market cap of $2.89 billion, a P/E ratio of 13.94 and a beta of 2.13.

Resideo Technologies (NYSE:REZI) last released its earnings results on Tuesday, February 13th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.14. Resideo Technologies had a return on equity of 8.99% and a net margin of 3.36%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the company earned $0.26 earnings per share. Resideo Technologies’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, analysts predict that Resideo Technologies, Inc. will post 1.65 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.