Resideo Technologies Inc (NYSE:REZI) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 8,296,800 shares, an increase of 40.0% from the July 31st total of 5,926,400 shares. Currently, 6.8% of the company’s stock are short sold. Based on an average daily volume of 1,150,000 shares, the short-interest ratio is presently 7.2 days.

REZI has been the topic of a number of research reports. Oppenheimer cut their price target on Resideo Technologies from $30.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Imperial Capital restated an “outperform” rating and issued a $25.00 price target (down from $26.00) on shares of Resideo Technologies in a report on Thursday, July 18th. Finally, Zacks Investment Research lowered Resideo Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $23.25.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC bought a new stake in Resideo Technologies during the second quarter worth about $33,000. Machina Capital S.A.S. raised its holdings in Resideo Technologies by 828.1% during the second quarter. Machina Capital S.A.S. now owns 1,550 shares of the company’s stock worth $34,000 after acquiring an additional 1,383 shares in the last quarter. Employers Holdings Inc. bought a new stake in Resideo Technologies during the second quarter worth about $35,000. Israel Discount Bank of New York bought a new stake in Resideo Technologies during the first quarter worth about $32,000. Finally, Captrust Financial Advisors raised its holdings in Resideo Technologies by 84.6% during the second quarter. Captrust Financial Advisors now owns 1,663 shares of the company’s stock worth $36,000 after acquiring an additional 762 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

REZI traded up $0.01 on Friday, hitting $15.72. 959,100 shares of the company were exchanged, compared to its average volume of 1,147,628. Resideo Technologies has a 12 month low of $12.99 and a 12 month high of $28.67. The company has a market cap of $1.90 billion and a PE ratio of 6.36. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.72 and a current ratio of 1.18. The stock’s fifty day moving average is $15.61 and its 200-day moving average is $19.78.

Resideo Technologies (NYSE:REZI) last released its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). Resideo Technologies had a return on equity of 9.67% and a net margin of 7.39%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. As a group, equities research analysts expect that Resideo Technologies will post 1.37 EPS for the current fiscal year.

About Resideo Technologies

Resideo Technologies, Inc provides critical comfort, thermal, and security solutions primarily in residential environments in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and Global Distribution. It offers home products, services, and technologies, including temperature and humidity control, water, air, remote patient monitoring software, and software solutions; and residential thermal solutions, such as boiler products, storage gas water heating solutions, ducted solutions, and thermal adjacency solutions.

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