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

River Global Investors LLP lifted its position in shares of Resideo Technologies, Inc. (NYSE:REZI) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 108,413 shares of the company’s stock after buying an additional 3,982 shares during the period. River Global Investors LLP owned approximately 0.07% of Resideo Technologies worth $2,182,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in Resideo Technologies by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,822,902 shares of the company’s stock valued at $153,015,000 after purchasing an additional 397,864 shares in the last quarter. Boston Partners increased its holdings in Resideo Technologies by 3.0% in the 1st 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 in the last quarter. Pacer Advisors Inc. increased its holdings in Resideo Technologies by 14.8% in the 2nd quarter. Pacer Advisors Inc. now owns 6,104,301 shares of the company’s stock valued at $119,400,000 after purchasing an additional 787,934 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Resideo Technologies by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,312,932 shares of the company’s stock valued at $25,681,000 after purchasing an additional 17,505 shares in the last quarter. 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 in the last quarter. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Resideo Technologies Stock Up 10.4 %

Shares of NYSE REZI traded up $2.26 during midday trading on Friday, reaching $24.01. 2,082,378 shares of the company’s stock were exchanged, compared to its average volume of 856,731. Resideo Technologies, Inc. has a 52-week low of $15.44 and a 52-week high of $24.09. The stock has a market capitalization of $3.52 billion, a PE 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. The business’s fifty day moving average price is $19.95 and its two-hundred day moving average price is $20.24.

Resideo Technologies (NYSE:REZI) last announced its earnings results on Thursday, August 8th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.20. Resideo Technologies had a return on equity of 10.32% and a net margin of 2.85%. 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 previous year, the company earned $0.34 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. Analysts forecast that Resideo Technologies, Inc. will post 1.92 EPS 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.