Texas Permanent School Fund Corp Acquires 30,856 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Texas Permanent School Fund Corp lifted its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 24.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 158,711 shares of the company’s stock after acquiring an additional 30,856 shares during the period. Texas Permanent School Fund Corp owned 0.11% of Resideo Technologies worth $3,104,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Resideo Technologies by 50.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,592 shares of the company’s stock worth $31,000 after purchasing an additional 531 shares during the period. EntryPoint Capital LLC purchased a new stake in Resideo Technologies in the 1st quarter worth about $70,000. nVerses Capital LLC raised its position in Resideo Technologies by 1,166.7% in the 2nd quarter. nVerses Capital LLC now owns 3,800 shares of the company’s stock worth $74,000 after purchasing an additional 3,500 shares during the period. Innealta Capital LLC purchased a new stake in Resideo Technologies in the 2nd quarter worth about $191,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in Resideo Technologies in the 1st quarter worth about $253,000. 91.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Resideo Technologies Stock Performance

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

Resideo Technologies (NYSE:REZI) last issued its earnings results on Thursday, August 8th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.20. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.53 billion. Resideo Technologies had a net margin of 2.85% and a return on equity of 10.32%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the company posted $0.34 earnings per share. As a group, equities analysts predict that Resideo Technologies, Inc. will post 1.92 EPS for the current year.

Resideo Technologies Company 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.