Smartleaf Asset Management LLC Grows Position in Resideo Technologies, Inc. (NYSE:REZI)

Smartleaf Asset Management LLC raised its position in Resideo Technologies, Inc. (NYSE:REZI) by 293.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,600 shares of the company’s stock after purchasing an additional 1,939 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Resideo Technologies were worth $60,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of REZI. QRG Capital Management Inc. purchased a new position in shares of Resideo Technologies in the 3rd quarter worth about $202,000. Principal Financial Group Inc. raised its holdings in shares of Resideo Technologies by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 742,628 shares of the company’s stock worth $14,957,000 after purchasing an additional 22,353 shares during the period. Summit Global Investments grew its stake in shares of Resideo Technologies by 83.1% in the third quarter. Summit Global Investments now owns 20,867 shares of the company’s stock valued at $420,000 after buying an additional 9,470 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Resideo Technologies by 16.9% in the third quarter. Crossmark Global Holdings Inc. now owns 23,121 shares of the company’s stock valued at $465,000 after buying an additional 3,351 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake in shares of Resideo Technologies by 12.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 97,282 shares of the company’s stock valued at $1,959,000 after buying an additional 10,515 shares in the last quarter. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Resideo Technologies Price Performance

REZI stock opened at $17.66 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82. Resideo Technologies, Inc. has a 1 year low of $17.27 and a 1 year high of $28.28. The firm has a market cap of $2.61 billion, a P/E ratio of 28.02 and a beta of 2.32. The stock has a 50-day simple moving average of $21.66 and a 200-day simple moving average of $22.05.

Resideo Technologies (NYSE:REZI) last posted its earnings results on Thursday, February 20th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.08). Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. On average, equities analysts predict 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.