Resideo Technologies, Inc. (NYSE:REZI) Shares Sold by Strs Ohio

Strs Ohio lessened its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 53.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,600 shares of the company’s stock after selling 9,900 shares during the quarter. Strs Ohio’s holdings in Resideo Technologies were worth $161,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in REZI. International Assets Investment Management LLC boosted its position in Resideo Technologies by 648.2% during the 4th quarter. International Assets Investment Management LLC now owns 1,863 shares of the company’s stock worth $35,000 after acquiring an additional 1,614 shares during the period. Nilsine Partners LLC bought a new stake in shares of Resideo Technologies in the 3rd quarter worth $184,000. Connable Office Inc. raised its stake in shares of Resideo Technologies by 14.5% in the 3rd quarter. Connable Office Inc. now owns 12,635 shares of the company’s stock worth $200,000 after buying an additional 1,597 shares in the last quarter. Linden Thomas Advisory Services LLC raised its stake in shares of Resideo Technologies by 14.7% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 13,102 shares of the company’s stock worth $207,000 after buying an additional 1,676 shares in the last quarter. Finally, Steph & Co. raised its stake in shares of Resideo Technologies by 15.3% in the 3rd quarter. Steph & Co. now owns 15,296 shares of the company’s stock worth $242,000 after buying an additional 2,026 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

Analysts Set New Price Targets

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

Resideo Technologies Stock Down 3.1 %

REZI opened at $19.54 on Wednesday. Resideo Technologies, Inc. has a one year low of $14.19 and a one year high of $23.21. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.18 and a current ratio of 1.80. The stock’s fifty day moving average is $21.61 and its 200-day moving average is $18.67. The company has a market capitalization of $2.85 billion, a PE ratio of 13.76 and a beta of 2.14.

Resideo Technologies (NYSE:REZI) last announced its earnings results on Tuesday, February 13th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.14. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates 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 for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 earnings per share. On average, equities analysts predict that Resideo Technologies, Inc. will post 1.65 EPS for the current fiscal year.

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.