Resideo Technologies, Inc. (NYSE:REZI) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 2.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,551 shares of the company’s stock after buying an additional 2,170 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.05% of Resideo Technologies worth $1,556,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of REZI. Fisher Asset Management LLC raised its position in shares of Resideo Technologies by 1.0% in the 4th quarter. Fisher Asset Management LLC now owns 516,339 shares of the company’s stock worth $9,718,000 after buying an additional 5,339 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Resideo Technologies in the 4th quarter worth about $272,000. Steph & Co. raised its holdings in shares of Resideo Technologies by 9.9% in the 1st quarter. Steph & Co. now owns 12,569 shares of the company’s stock worth $282,000 after purchasing an additional 1,135 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Resideo Technologies in the 1st quarter valued at about $253,000. Finally, AlphaMark Advisors LLC purchased a new stake in shares of Resideo Technologies during the 1st quarter worth about $363,000. Institutional investors and hedge funds own 91.71% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Evercore ISI began coverage on shares of Resideo Technologies in a report on Friday, August 9th. They issued an “outperform” rating and a $25.00 price target on the stock.

Resideo Technologies Stock Down 0.2 %

Shares of Resideo Technologies stock opened at $19.94 on Friday. Resideo Technologies, Inc. has a twelve month low of $14.19 and a twelve month high of $23.43. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 14.99 and a beta of 2.07. 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 fifty day moving average price of $19.32 and a 200 day moving average price of $20.30.

Resideo Technologies (NYSE:REZI) last issued its earnings results on Thursday, August 8th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.20. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.53 billion. Resideo Technologies had a return on equity of 10.32% and a net margin of 2.85%. The company’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 earnings per share. Equities research analysts forecast that Resideo Technologies, Inc. will post 1.92 earnings per share for the current fiscal 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.