Resideo Technologies, Inc. (NYSE:REZI) Stake Boosted by Pacer Advisors Inc.

Pacer Advisors Inc. increased its position in shares of Resideo Technologies, Inc. (NYSE:REZI) by 14.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,104,301 shares of the company’s stock after acquiring an additional 787,934 shares during the period. Pacer Advisors Inc. owned about 4.18% of Resideo Technologies worth $119,400,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Resideo Technologies by 50.0% during 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 in the last quarter. EntryPoint Capital LLC acquired a new position in shares of Resideo Technologies during the 1st quarter worth $70,000. nVerses Capital LLC lifted its stake in shares of Resideo Technologies by 1,166.7% in the 2nd quarter. nVerses Capital LLC now owns 3,800 shares of the company’s stock valued at $74,000 after purchasing an additional 3,500 shares during the last quarter. Innealta Capital LLC bought a new stake in Resideo Technologies in the second quarter worth $191,000. Finally, Summit Global Investments acquired a new position in Resideo Technologies during the second quarter worth $223,000. Institutional investors and hedge funds own 91.71% of the company’s stock.

Resideo Technologies Price Performance

NYSE REZI opened at $20.08 on Friday. Resideo Technologies, Inc. has a 1 year low of $14.19 and a 1 year high of $23.43. The company has a fifty day simple moving average of $19.94 and a 200 day simple moving average of $20.58. The company has a current ratio of 1.81, a quick ratio of 1.06 and a debt-to-equity ratio of 0.70. The company has a market cap of $2.94 billion, a P/E ratio of 15.10 and a beta of 2.07.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings results 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 analysts’ expectations of $1.53 billion. Resideo Technologies had a net margin of 2.85% and a return on equity of 10.32%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 earnings per share. On average, sell-side analysts predict that Resideo Technologies, Inc. will post 1.92 EPS for the current year.

Wall Street Analyst Weigh In

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

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.