ProShare Advisors LLC Sells 6,983 Shares of Resideo Technologies, Inc. (NYSE:REZI)

ProShare Advisors LLC lessened its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 23.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,547 shares of the company’s stock after selling 6,983 shares during the quarter. ProShare Advisors LLC’s holdings in Resideo Technologies were worth $441,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in REZI. Foundry Partners LLC grew its stake in Resideo Technologies by 11.6% in the first quarter. Foundry Partners LLC now owns 236,774 shares of the company’s stock valued at $5,308,000 after purchasing an additional 24,580 shares in the last quarter. UniSuper Management Pty Ltd bought a new position in shares of Resideo Technologies in the first quarter valued at $694,000. Boston Partners increased its holdings in Resideo Technologies by 3.0% during the first quarter. Boston Partners now owns 6,700,564 shares of the company’s stock worth $150,177,000 after buying an additional 193,351 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Resideo Technologies by 42.4% in the first quarter. BNP Paribas Financial Markets now owns 81,356 shares of the company’s stock valued at $1,824,000 after acquiring an additional 24,216 shares during the last quarter. Finally, Invenomic Capital Management LP acquired a new stake in Resideo Technologies in the fourth quarter valued at $3,065,000. Institutional investors and hedge funds own 91.71% of the company’s stock.

Resideo Technologies Stock Performance

Shares of NYSE REZI opened at $19.52 on Wednesday. Resideo Technologies, Inc. has a 12 month low of $14.19 and a 12 month high of $23.43. The stock has a 50 day moving average of $19.71 and a 200-day moving average of $20.43. 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 capitalization of $2.85 billion, a P/E ratio of 14.68 and a beta of 2.07.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.20. The firm 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 company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.34 earnings per share. As a group, equities research analysts predict that Resideo Technologies, Inc. will post 1.92 EPS for the current year.

Analysts Set New Price Targets

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

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.