Foundry Partners LLC Purchases 84,325 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Foundry Partners LLC grew its position in shares of Resideo Technologies, Inc. (NYSE:REZI) by 35.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 321,099 shares of the company’s stock after buying an additional 84,325 shares during the quarter. Foundry Partners LLC’s holdings in Resideo Technologies were worth $6,281,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Trexquant Investment LP bought a new stake in shares of Resideo Technologies during the fourth quarter valued at approximately $929,000. ARGA Investment Management LP grew its stake in shares of Resideo Technologies by 357.8% during the fourth quarter. ARGA Investment Management LP now owns 103,440 shares of the company’s stock valued at $1,947,000 after purchasing an additional 80,844 shares during the last quarter. UniSuper Management Pty Ltd bought a new stake in shares of Resideo Technologies during the first quarter valued at approximately $694,000. Boston Partners grew its stake in shares of Resideo Technologies by 3.0% during the first 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 last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Resideo Technologies by 42.4% during the first quarter. BNP Paribas Financial Markets now owns 81,356 shares of the company’s stock valued at $1,824,000 after purchasing an additional 24,216 shares during the last quarter. 91.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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 Trading Down 0.7 %

NYSE REZI traded down $0.13 during trading hours on Friday, hitting $18.79. The company’s stock had a trading volume of 18,644 shares, compared to its average volume of 836,476. The stock has a fifty day moving average of $20.07 and a 200 day moving average of $20.82. Resideo Technologies, Inc. has a twelve month low of $14.19 and a twelve month high of $23.43. The firm has a market capitalization of $2.74 billion, a P/E ratio of 14.23 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 data on Thursday, August 8th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.20. Resideo Technologies had a net margin of 2.85% and a return on equity of 10.32%. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the business posted $0.34 earnings per share. Resideo Technologies’s revenue was down .8% compared to the same quarter last year. 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.