International Assets Investment Management LLC Increases Stake in Resideo Technologies, Inc. (NYSE:REZI)

International Assets Investment Management LLC grew its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 1,740.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,135 shares of the company’s stock after buying an additional 2,019 shares during the period. International Assets Investment Management LLC’s holdings in Resideo Technologies were worth $43,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Foundry Partners LLC boosted its stake in Resideo Technologies by 11.6% during the first quarter. Foundry Partners LLC now owns 236,774 shares of the company’s stock worth $5,308,000 after buying an additional 24,580 shares during the last quarter. UniSuper Management Pty Ltd purchased a new stake in shares of Resideo Technologies in the 1st quarter valued at approximately $694,000. Boston Partners lifted its holdings in shares of Resideo Technologies by 3.0% in the 1st quarter. Boston Partners now owns 6,700,564 shares of the company’s stock worth $150,177,000 after acquiring an additional 193,351 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Resideo Technologies by 42.4% during 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 during the period. Finally, D. E. Shaw & Co. Inc. increased its holdings in Resideo Technologies by 53.4% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,214,375 shares of the company’s stock valued at $23,753,000 after purchasing an additional 422,730 shares during the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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 target on the stock.

Resideo Technologies Price Performance

Shares of NYSE REZI opened at $24.02 on Friday. The stock’s 50-day simple moving average is $19.95 and its 200-day simple moving average is $20.23. The firm has a market capitalization of $3.52 billion, a PE ratio of 20.35 and a beta of 2.09. Resideo Technologies, Inc. has a fifty-two week low of $15.44 and a fifty-two week high of $24.09. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 1.81.

Resideo Technologies (NYSE:REZI) last posted its 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. Resideo Technologies had a net margin of 2.85% and a return on equity of 10.32%. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the firm posted $0.34 EPS. The company’s revenue was down .8% on a year-over-year basis. As a group, equities research analysts forecast that Resideo Technologies, Inc. will post 1.92 EPS for the current fiscal year.

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.