CIBC Asset Management Inc Grows Position in Resideo Technologies, Inc. (NYSE:REZI)

CIBC Asset Management Inc grew its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,546 shares of the company’s stock after purchasing an additional 624 shares during the quarter. CIBC Asset Management Inc’s holdings in Resideo Technologies were worth $335,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Quest Partners LLC boosted its stake in Resideo Technologies by 2.3% in the 3rd quarter. Quest Partners LLC now owns 22,045 shares of the company’s stock worth $444,000 after purchasing an additional 505 shares during the period. GAMMA Investing LLC grew its stake in 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 acquiring an additional 647 shares in the last quarter. Highland Capital Management LLC increased its holdings in Resideo Technologies by 6.5% during 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 period. Blue Trust Inc. grew its holdings in shares of Resideo Technologies by 28.9% during 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 in the last quarter. Finally, Nilsine Partners LLC boosted its holdings in Resideo Technologies by 8.6% during 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 period. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Resideo Technologies Trading Down 9.0 %

Shares of REZI opened at $19.50 on Monday. The stock has a market capitalization of $2.87 billion, a P/E ratio of 30.94 and a beta of 2.15. Resideo Technologies, Inc. has a twelve month low of $17.43 and a twelve month high of $28.28. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69. The firm has a fifty day simple moving average of $22.84 and a two-hundred day simple moving average of $22.06.

Resideo Technologies (NYSE:REZI) last posted its earnings results on Thursday, February 20th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.08). The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. Resideo Technologies had a return on equity of 11.12% and a net margin of 1.69%. On average, research analysts anticipate that Resideo Technologies, Inc. will post 2.13 EPS for the current 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.