Olympiad Research LP Acquires New Shares in Resideo Technologies, Inc. (NYSE:REZI)

Olympiad Research LP purchased a new position in Resideo Technologies, Inc. (NYSE:REZI) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,452 shares of the company’s stock, valued at approximately $251,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in shares of Resideo Technologies by 50.0% in the second quarter. GAMMA Investing LLC now owns 1,592 shares of the company’s stock worth $31,000 after purchasing an additional 531 shares during the period. International Assets Investment Management LLC increased its stake in shares of Resideo Technologies by 1,740.5% in the third quarter. International Assets Investment Management LLC now owns 2,135 shares of the company’s stock worth $43,000 after purchasing an additional 2,019 shares during the period. Blue Trust Inc. increased its stake in shares of Resideo Technologies by 55.0% in the third quarter. Blue Trust Inc. now owns 2,515 shares of the company’s stock worth $49,000 after purchasing an additional 892 shares during the period. Quarry LP increased its stake in shares of Resideo Technologies by 79.7% in the second quarter. Quarry LP now owns 2,892 shares of the company’s stock worth $57,000 after purchasing an additional 1,283 shares during the period. Finally, EntryPoint Capital LLC bought a new position in shares of Resideo Technologies in the first quarter worth about $70,000. Institutional investors and hedge funds own 91.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI initiated coverage on 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 0.8 %

Shares of REZI opened at $21.72 on Friday. Resideo Technologies, Inc. has a 12-month low of $15.44 and a 12-month high of $23.43. The company has a quick ratio of 1.06, a current ratio of 1.81 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 18.41 and a beta of 2.09. The stock’s 50-day moving average price is $19.87 and its 200 day moving average price is $20.20.

Resideo Technologies (NYSE:REZI) last released 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 return on equity of 10.32% and a net margin of 2.85%. The company 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 company posted $0.34 EPS. The company’s revenue was down .8% compared to the same quarter last year. As a group, research analysts predict that Resideo Technologies, Inc. will post 1.92 earnings per share for the current 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.