Lodge Hill Capital LLC Makes New Investment in Resideo Technologies, Inc. (NYSE:REZI)

Lodge Hill Capital LLC purchased a new position in Resideo Technologies, Inc. (NYSE:REZI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 210,000 shares of the company’s stock, valued at approximately $4,108,000. Resideo Technologies accounts for 1.1% of Lodge Hill Capital LLC’s investment portfolio, making the stock its 20th biggest position. Lodge Hill Capital LLC owned approximately 0.14% of Resideo Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trexquant Investment LP bought a new position in Resideo Technologies in the 4th quarter worth $929,000. Foundry Partners LLC boosted its stake in shares of 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 acquiring an additional 24,580 shares during the period. UniSuper Management Pty Ltd purchased a new stake in shares of Resideo Technologies during the first quarter worth about $694,000. Boston Partners raised its stake in 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 period. Finally, BNP Paribas Financial Markets lifted its holdings in 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 owned by hedge funds and other institutional investors.

Resideo Technologies Stock Down 0.1 %

Shares of REZI stock opened at $20.08 on Friday. The company’s fifty day simple moving average is $19.94 and its two-hundred day simple moving average is $20.58. Resideo Technologies, Inc. has a 52 week low of $14.19 and a 52 week high of $23.43. The stock has a market cap of $2.94 billion, a P/E ratio of 15.10 and a beta of 2.07. 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 (NYSE:REZI) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.62 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 analyst estimates of $1.53 billion. Resideo Technologies had a return on equity of 10.32% and a net margin of 2.85%. The firm’s revenue was down .8% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 earnings per share. Analysts predict that Resideo Technologies, Inc. will post 1.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.