Natixis Purchases Shares of 5,000 Resideo Technologies, Inc. (NYSE:REZI)

Natixis acquired a new position in shares of Resideo Technologies, Inc. (NYSE:REZI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,000 shares of the company’s stock, valued at approximately $115,000.

Several other institutional investors and hedge funds have also modified their holdings of REZI. R Squared Ltd bought a new position in Resideo Technologies in the 4th quarter valued at $30,000. Smartleaf Asset Management LLC increased its stake in shares of Resideo Technologies by 293.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company’s stock valued at $60,000 after buying an additional 1,939 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Resideo Technologies by 28.9% in the fourth quarter. Blue Trust Inc. now owns 3,241 shares of the company’s stock valued at $75,000 after buying an additional 726 shares during the last quarter. GAMMA Investing LLC lifted its position in Resideo Technologies by 19.8% during the 4th quarter. GAMMA Investing LLC now owns 3,918 shares of the company’s stock worth $90,000 after buying an additional 647 shares in the last quarter. Finally, Sterling Capital Management LLC grew its holdings in Resideo Technologies by 705.9% during the 4th quarter. Sterling Capital Management LLC now owns 4,755 shares of the company’s stock worth $110,000 after acquiring an additional 4,165 shares during the last quarter. 91.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered shares of Resideo Technologies from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $31.00 to $16.00 in a research report on Tuesday.

Resideo Technologies Trading Up 1.1 %

Shares of REZI opened at $16.28 on Friday. The stock’s fifty day simple moving average is $17.38 and its 200-day simple moving average is $21.31. The firm has a market capitalization of $2.41 billion, a PE ratio of 25.84 and a beta of 2.04. Resideo Technologies, Inc. has a 12-month low of $14.18 and a 12-month high of $28.28. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings data 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). The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. Resideo Technologies had a return on equity of 11.12% and a net margin of 1.69%. As a group, research analysts predict 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.