HighTower Advisors LLC Takes $245,000 Position in Resideo Technologies, Inc. (NYSE:REZI)

HighTower Advisors LLC purchased a new position in shares of Resideo Technologies, Inc. (NYSE:REZI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,617 shares of the company’s stock, valued at approximately $245,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Pacer Advisors Inc. bought a new stake in shares of Resideo Technologies during the fourth quarter worth $122,145,000. Weiss Asset Management LP acquired a new stake in shares of Resideo Technologies during the 3rd quarter valued at $9,217,000. Pembroke Management LTD grew its position in Resideo Technologies by 126.8% during the 4th quarter. Pembroke Management LTD now owns 667,421 shares of the company’s stock worth $15,384,000 after acquiring an additional 373,133 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in Resideo Technologies by 98.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 621,560 shares of the company’s stock worth $12,518,000 after purchasing an additional 308,060 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Resideo Technologies in the fourth quarter valued at about $5,914,000. 91.71% of the stock is currently owned by institutional investors.

Resideo Technologies Stock Performance

Shares of REZI stock opened at $18.61 on Thursday. The business’s 50-day moving average price is $19.89 and its 200-day moving average price is $21.86. Resideo Technologies, Inc. has a 12 month low of $16.88 and a 12 month high of $28.28. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 29.54 and a beta of 2.32.

Resideo Technologies (NYSE:REZI) last posted its earnings results on Thursday, February 20th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.08). The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. Resideo Technologies had a return on equity of 11.12% and a net margin of 1.69%. Equities research analysts forecast that Resideo Technologies, Inc. will post 2.13 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.