TD Asset Management Inc Makes New Investment in Resideo Technologies, Inc. (NYSE:REZI)

TD Asset Management Inc bought a new position in Resideo Technologies, Inc. (NYSE:REZI) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 24,700 shares of the company’s stock, valued at approximately $483,000.

A number of other hedge funds have also bought and sold shares of REZI. Dimensional Fund Advisors LP increased its position in shares of Resideo Technologies by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,860,246 shares of the company’s stock valued at $129,111,000 after purchasing an additional 609,176 shares during the last quarter. Boston Partners increased its position in shares of Resideo Technologies by 3.0% during the 1st quarter. Boston Partners now owns 6,700,564 shares of the company’s stock valued at $150,177,000 after purchasing an additional 193,351 shares during the last quarter. Norges Bank purchased a new stake in shares of Resideo Technologies during the 4th quarter valued at about $29,610,000. Charles Schwab Investment Management Inc. increased its position in shares of Resideo Technologies by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,402,838 shares of the company’s stock valued at $26,401,000 after purchasing an additional 16,153 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Resideo Technologies by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,312,932 shares of the company’s stock valued at $25,681,000 after purchasing an additional 17,505 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Evercore ISI assumed coverage on shares of Resideo Technologies in a research report on Friday, August 9th. They set an “outperform” rating and a $25.00 price target for the company.

Resideo Technologies Trading Up 3.0 %

Shares of NYSE:REZI opened at $18.96 on Monday. The stock has a 50 day moving average of $19.95 and a 200 day moving average of $20.66. The company has a market cap of $2.78 billion, a PE ratio of 14.26 and a beta of 2.07. The company has a current ratio of 1.81, a quick ratio of 1.06 and a debt-to-equity ratio of 0.70. Resideo Technologies, Inc. has a 12-month low of $14.19 and a 12-month high of $23.43.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.20. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.53 billion. Resideo Technologies had a return on equity of 10.32% and a net margin of 2.85%. The firm’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 EPS. As a group, equities research analysts expect that Resideo Technologies, Inc. will post 1.92 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.