Federated Hermes Inc. Makes New Investment in Resideo Technologies, Inc. (NYSE:REZI)

Federated Hermes Inc. purchased a new stake in Resideo Technologies, Inc. (NYSE:REZI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,541,941 shares of the company’s stock, valued at approximately $35,542,000. Federated Hermes Inc. owned about 1.05% of Resideo Technologies at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. R Squared Ltd acquired a new stake in Resideo Technologies during the 4th quarter valued at $30,000. Smartleaf Asset Management LLC boosted its stake in shares of Resideo Technologies by 293.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company’s stock valued at $60,000 after acquiring an additional 1,939 shares during the last quarter. Blue Trust Inc. increased its position in Resideo Technologies by 28.9% during the 4th quarter. Blue Trust Inc. now owns 3,241 shares of the company’s stock worth $75,000 after purchasing an additional 726 shares in the last quarter. GAMMA Investing LLC raised its stake in Resideo Technologies by 19.8% in 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 during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in Resideo Technologies in the 4th quarter valued at about $119,000. 91.71% of the stock is owned by hedge funds and other institutional investors.

Resideo Technologies Stock Performance

NYSE:REZI opened at $15.63 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. The firm has a market cap of $2.31 billion, a PE ratio of 24.80 and a beta of 2.04. The firm has a 50 day simple moving average of $19.45 and a 200-day simple moving average of $21.81. Resideo Technologies, Inc. has a 1-year low of $14.71 and a 1-year high of $28.28.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.08). Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. On average, equities analysts expect 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.