Commonwealth Equity Services LLC Buys 3,282 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Commonwealth Equity Services LLC boosted its position in Resideo Technologies, Inc. (NYSE:REZI) by 25.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,331 shares of the company’s stock after purchasing an additional 3,282 shares during the period. Commonwealth Equity Services LLC’s holdings in Resideo Technologies were worth $376,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in REZI. CIBC Asset Management Inc grew its stake in shares of Resideo Technologies by 4.5% during the 4th quarter. CIBC Asset Management Inc now owns 14,546 shares of the company’s stock valued at $335,000 after acquiring an additional 624 shares during the period. GAMMA Investing LLC grew its position in shares of Resideo Technologies by 19.8% during the fourth quarter. GAMMA Investing LLC now owns 3,918 shares of the company’s stock valued at $90,000 after purchasing an additional 647 shares in the last quarter. Highland Capital Management LLC increased its stake in Resideo Technologies by 6.5% in the 4th quarter. Highland Capital Management LLC now owns 10,854 shares of the company’s stock worth $250,000 after acquiring an additional 666 shares during the last quarter. Blue Trust Inc. increased its position in Resideo Technologies by 28.9% in the fourth quarter. Blue Trust Inc. now owns 3,241 shares of the company’s stock worth $75,000 after purchasing an additional 726 shares during the last quarter. Finally, Nilsine Partners LLC lifted its holdings in shares of Resideo Technologies by 8.6% in the 4th quarter. Nilsine Partners LLC now owns 15,607 shares of the company’s stock valued at $360,000 after acquiring an additional 1,234 shares during the last quarter. 91.71% of the stock is currently owned by institutional investors.

Resideo Technologies Stock Performance

NYSE REZI opened at $15.60 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82. The business’s 50 day moving average price is $19.59 and its 200-day moving average price is $21.84. The company has a market cap of $2.31 billion, a P/E ratio of 24.76 and a beta of 2.04. Resideo Technologies, Inc. has a fifty-two week low of $14.77 and a fifty-two week high of $28.28.

Resideo Technologies (NYSE:REZI) last released its earnings results on Thursday, February 20th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.08). The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Resideo Technologies had a return on equity of 11.12% and a net margin of 1.69%. Sell-side analysts predict that Resideo Technologies, Inc. will post 2.13 earnings per share for the current year.

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.