Dimensional Fund Advisors LP Raises Stock Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Dimensional Fund Advisors LP raised its stake in Resideo Technologies, Inc. (NYSE:REZI) by 5.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,822,902 shares of the company’s stock after purchasing an additional 397,864 shares during the period. Dimensional Fund Advisors LP owned 5.36% of Resideo Technologies worth $153,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Trexquant Investment LP purchased a new position in shares of Resideo Technologies in the 4th quarter worth approximately $929,000. Foundry Partners LLC grew its holdings in Resideo Technologies by 11.6% in the first quarter. Foundry Partners LLC now owns 236,774 shares of the company’s stock worth $5,308,000 after purchasing an additional 24,580 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in shares of Resideo Technologies during the first quarter worth $694,000. Boston Partners lifted its holdings 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. Finally, BNP Paribas Financial Markets boosted its position in shares of Resideo Technologies by 42.4% in the 1st quarter. BNP Paribas Financial Markets now owns 81,356 shares of the company’s stock worth $1,824,000 after purchasing an additional 24,216 shares in the last quarter. 91.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI initiated coverage on Resideo Technologies in a research note on Friday, August 9th. They issued an “outperform” rating and a $25.00 price target for the company.

Resideo Technologies Stock Down 0.1 %

REZI stock opened at $20.08 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.81 and a debt-to-equity ratio of 0.70. Resideo Technologies, Inc. has a 52 week low of $14.19 and a 52 week high of $23.43. The stock has a market capitalization of $2.94 billion, a PE ratio of 15.10 and a beta of 2.07. The firm has a 50 day moving average of $19.94 and a 200 day moving average of $20.58.

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