Resideo Technologies, Inc. (NYSE:REZI) Stock Holdings Trimmed by Steph & Co.

Steph & Co. reduced its position in Resideo Technologies, Inc. (NYSE:REZI) by 25.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,434 shares of the company’s stock after selling 3,862 shares during the quarter. Steph & Co.’s holdings in Resideo Technologies were worth $215,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC grew 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 valued at $35,000 after purchasing an additional 1,614 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Resideo Technologies by 72.5% during the first quarter. Parkside Financial Bank & Trust now owns 2,467 shares of the company’s stock valued at $59,000 after purchasing an additional 1,037 shares during the last quarter. Dark Forest Capital Management LP grew its holdings in shares of Resideo Technologies by 687.2% during the first quarter. Dark Forest Capital Management LP now owns 2,897 shares of the company’s stock valued at $53,000 after purchasing an additional 2,529 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Resideo Technologies during the second quarter valued at approximately $58,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Resideo Technologies by 37.9% during the third quarter. Tower Research Capital LLC TRC now owns 4,382 shares of the company’s stock valued at $69,000 after purchasing an additional 1,204 shares during the last quarter. 91.71% of the stock is owned by institutional investors.

Resideo Technologies Stock Down 1.9 %

NYSE:REZI traded down $0.37 during trading hours on Wednesday, hitting $19.39. 1,240,018 shares of the stock traded hands, compared to its average volume of 941,011. The firm has a 50 day moving average price of $21.61 and a 200 day moving average price of $18.38. The company has a current ratio of 1.80, a quick ratio of 1.18 and a debt-to-equity ratio of 0.51. Resideo Technologies, Inc. has a fifty-two week low of $14.19 and a fifty-two week high of $23.21. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 13.91 and a beta of 2.13.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.14. Resideo Technologies had a net margin of 3.36% and a return on equity of 8.99%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the business posted $0.26 earnings per share. Resideo Technologies’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research analysts anticipate that Resideo Technologies, Inc. will post 1.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

About Resideo Technologies

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.