Cibc World Markets Corp Makes New $315,000 Investment in Resideo Technologies, Inc. (NYSE:REZI)

Cibc World Markets Corp acquired a new position in shares of Resideo Technologies, Inc. (NYSE:REZI) in the fourth quarter, Holdings Channel.com reports. The fund acquired 13,669 shares of the company’s stock, valued at approximately $315,000.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Resideo Technologies by 2.0% during the third quarter. State Street Corp now owns 8,060,486 shares of the company’s stock valued at $162,338,000 after purchasing an additional 159,069 shares during the period. Pacer Advisors Inc. purchased a new position in Resideo Technologies during the fourth quarter valued at $122,145,000. Geode Capital Management LLC grew its holdings in Resideo Technologies by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,363,750 shares of the company’s stock worth $67,759,000 after purchasing an additional 26,000 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Resideo Technologies by 6.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,645,390 shares of the company’s stock worth $37,926,000 after buying an additional 99,525 shares during the last quarter. Finally, Beaconlight Capital LLC increased its holdings in shares of Resideo Technologies by 64.9% during the third quarter. Beaconlight Capital LLC now owns 1,088,926 shares of the company’s stock valued at $21,931,000 after acquiring an additional 428,669 shares in the last quarter. Institutional investors own 91.71% of the company’s stock.

Resideo Technologies Stock Up 3.3 %

REZI stock opened at $18.47 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. The stock has a market capitalization of $2.73 billion, a P/E ratio of 29.31 and a beta of 2.32. The business has a fifty day moving average price of $20.56 and a 200-day moving average price of $21.89. Resideo Technologies, Inc. has a 1-year low of $16.88 and a 1-year high of $28.28.

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