Los Angeles Capital Management LLC Has $401,000 Position in Resideo Technologies, Inc. (NYSE:REZI)

Los Angeles Capital Management LLC reduced its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 39.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,162 shares of the company’s stock after selling 10,434 shares during the period. Los Angeles Capital Management LLC’s holdings in Resideo Technologies were worth $401,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Boston Partners purchased a new position in shares of Resideo Technologies during the 3rd quarter valued at $96,706,000. Truist Financial Corp grew its holdings in shares of Resideo Technologies by 25.0% during the 3rd quarter. Truist Financial Corp now owns 11,217 shares of the company’s stock valued at $278,000 after acquiring an additional 2,240 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Resideo Technologies by 36.9% during the 3rd quarter. Deutsche Bank AG now owns 155,906 shares of the company’s stock valued at $3,864,000 after acquiring an additional 42,037 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Resideo Technologies by 14.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 24,680 shares of the company’s stock valued at $612,000 after acquiring an additional 3,069 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in shares of Resideo Technologies by 253.7% during the 3rd quarter. Raymond James & Associates now owns 115,341 shares of the company’s stock valued at $2,859,000 after acquiring an additional 82,733 shares in the last quarter. Institutional investors and hedge funds own 91.18% of the company’s stock.

A number of brokerages recently issued reports on REZI. Zacks Investment Research upgraded shares of Resideo Technologies from a “strong sell” rating to a “hold” rating in a report on Saturday, November 13th. Morgan Stanley decreased their price objective on shares of Resideo Technologies from $33.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, October 6th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Resideo Technologies currently has a consensus rating of “Hold” and a consensus target price of $32.00.

REZI stock opened at $26.17 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.64 and a quick ratio of 1.17. Resideo Technologies, Inc. has a 52-week low of $22.43 and a 52-week high of $33.25. The company has a 50-day moving average of $26.34 and a two-hundred day moving average of $27.67. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 16.15 and a beta of 2.49.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings results on Thursday, November 4th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.01). Resideo Technologies had a net margin of 3.97% and a return on equity of 13.28%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the company earned $0.60 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. Equities analysts expect that Resideo Technologies, Inc. will post 1.55 EPS for the current fiscal year.

Resideo Technologies Profile

Resideo Technologies, Inc engages in the provision of critical comfort, residential thermal solutions and security solutions primarily in residential environments. It operates through the following segments: Products & Solutions and ADI Global Distribution. The Products & Solutions Segment offers solutions in Comfort, Residential Thermal Solutions, and Security categories and include temperature and humidity control, thermal, water, and air solutions as well as security panels, sensors, peripherals, wire and cable, communications devices, video cameras, awareness solutions, cloud infrastructure, installation and maintenance tools, and related software.

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Institutional Ownership by Quarter for Resideo Technologies (NYSE:REZI)

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