Resideo Technologies, Inc. (NYSE:REZI) Shares Bought by River Global Investors LLP

River Global Investors LLP raised its stake in Resideo Technologies, Inc. (NYSE:REZI) by 3.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,413 shares of the company’s stock after acquiring an additional 3,982 shares during the period. River Global Investors LLP’s holdings in Resideo Technologies were worth $2,182,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Resideo Technologies by 50.0% in the second quarter. GAMMA Investing LLC now owns 1,592 shares of the company’s stock valued at $31,000 after acquiring an additional 531 shares during the period. International Assets Investment Management LLC boosted its stake in 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 valued at $43,000 after acquiring an additional 2,019 shares during the period. Blue Trust Inc. boosted its stake in Resideo Technologies by 55.0% in the third quarter. Blue Trust Inc. now owns 2,515 shares of the company’s stock valued at $49,000 after acquiring an additional 892 shares during the period. Quarry LP boosted its stake in Resideo Technologies by 79.7% in the second quarter. Quarry LP now owns 2,892 shares of the company’s stock valued at $57,000 after acquiring an additional 1,283 shares during the period. Finally, EntryPoint Capital LLC bought a new stake in shares of Resideo Technologies during the first quarter valued at approximately $70,000. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Resideo Technologies Stock Performance

Shares of REZI traded up $2.26 during mid-day trading on Friday, reaching $24.01. 2,082,378 shares of the company’s stock traded hands, compared to its average volume of 856,731. The business’s 50-day moving average price is $19.95 and its 200-day moving average price is $20.24. The stock has a market capitalization of $3.52 billion, a P/E ratio of 21.63 and a beta of 2.09. 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, Inc. has a 12 month low of $15.44 and a 12 month high of $24.09.

Resideo Technologies (NYSE:REZI) last announced its earnings results on Thursday, August 8th. The company reported $0.62 EPS for the quarter, topping 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 firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the company earned $0.34 earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. Equities analysts predict that Resideo Technologies, Inc. will post 1.92 earnings per share for the current year.

About Resideo Technologies

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.