Raymond James Financial Inc. Invests $5.91 Million in Resideo Technologies, Inc. (NYSE:REZI)

Raymond James Financial Inc. purchased a new stake in Resideo Technologies, Inc. (NYSE:REZI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 256,553 shares of the company’s stock, valued at approximately $5,914,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of REZI. State Street Corp grew its holdings in Resideo Technologies by 2.0% during the 3rd quarter. State Street Corp now owns 8,060,486 shares of the company’s stock worth $162,338,000 after acquiring an additional 159,069 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Resideo Technologies during the fourth quarter worth about $122,145,000. Geode Capital Management LLC lifted its position in shares of Resideo Technologies by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,363,750 shares of the company’s stock worth $67,759,000 after purchasing an additional 26,000 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Resideo Technologies by 6.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,645,390 shares of the company’s stock worth $37,926,000 after purchasing an additional 99,525 shares in the last quarter. Finally, Beaconlight Capital LLC increased its holdings in Resideo Technologies by 64.9% in the third quarter. Beaconlight Capital LLC now owns 1,088,926 shares of the company’s stock valued at $21,931,000 after buying an additional 428,669 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Resideo Technologies Price Performance

Shares of NYSE REZI opened at $18.47 on Tuesday. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 29.31 and a beta of 2.32. Resideo Technologies, Inc. has a twelve month low of $16.88 and a twelve month high of $28.28. The business has a 50 day simple moving average of $20.56 and a 200-day simple moving average of $21.89.

Resideo Technologies (NYSE:REZI) last issued its earnings results on Thursday, February 20th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.08). Resideo Technologies had a return on equity of 11.12% and a net margin of 1.69%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. As a group, equities research analysts expect that Resideo Technologies, Inc. will post 2.13 earnings per share for the current 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.