Arizona State Retirement System Has $777,000 Stock Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Arizona State Retirement System trimmed its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,275 shares of the company’s stock after selling 613 shares during the quarter. Arizona State Retirement System’s holdings in Resideo Technologies were worth $777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Dark Forest Capital Management LP raised its stake in shares of Resideo Technologies by 687.2% in the first quarter. Dark Forest Capital Management LP now owns 2,897 shares of the company’s stock worth $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 in the second quarter valued at approximately $58,000. Parkside Financial Bank & Trust lifted its holdings in shares of Resideo Technologies by 72.5% in 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 in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Resideo Technologies by 37.9% in 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 in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of Resideo Technologies by 30.1% in the first quarter. Captrust Financial Advisors now owns 6,238 shares of the company’s stock valued at $149,000 after purchasing an additional 1,443 shares in the last quarter. 91.71% of the stock is owned by institutional investors and hedge funds.

Resideo Technologies Stock Performance

Shares of REZI opened at $19.39 on Thursday. The company has a current ratio of 1.80, a quick ratio of 1.18 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 13.66 and a beta of 2.13. The stock has a 50 day moving average of $21.65 and a 200 day moving average of $18.39. Resideo Technologies, Inc. has a 12 month low of $14.19 and a 12 month high of $23.21.

Resideo Technologies (NYSE:REZI) last issued its quarterly 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. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. Resideo Technologies had a return on equity of 8.99% and a net margin of 3.36%. Resideo Technologies’s revenue was down 1.5% on a year-over-year basis. During the same period last year, the business posted $0.26 earnings per share. As a group, sell-side analysts forecast that Resideo Technologies, Inc. will post 1.65 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Resideo Technologies 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.