Raymond James & Associates Sells 3,506 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Raymond James & Associates cut its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 1.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 254,612 shares of the company’s stock after selling 3,506 shares during the period. Raymond James & Associates’ holdings in Resideo Technologies were worth $4,980,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in REZI. GAMMA Investing LLC grew its holdings in Resideo Technologies by 50.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,592 shares of the company’s stock valued at $31,000 after buying an additional 531 shares during the last quarter. International Assets Investment Management LLC increased its position in Resideo Technologies by 648.2% during the fourth quarter. International Assets Investment Management LLC now owns 1,863 shares of the company’s stock worth $35,000 after acquiring an additional 1,614 shares during the period. EntryPoint Capital LLC bought a new position in Resideo Technologies during the first quarter worth $70,000. Hennion & Walsh Asset Management Inc. bought a new stake in Resideo Technologies in the 1st quarter valued at $253,000. Finally, United Services Automobile Association acquired a new stake in Resideo Technologies in the 4th quarter worth $224,000. Institutional investors and hedge funds own 91.71% of the company’s stock.

Resideo Technologies Stock Performance

REZI opened at $19.91 on Friday. The stock’s 50 day simple moving average is $20.08 and its 200-day simple moving average is $20.84. The company has a current ratio of 1.81, a quick ratio of 1.06 and a debt-to-equity ratio of 0.70. The stock has a market cap of $2.91 billion, a PE ratio of 14.97 and a beta of 2.12. Resideo Technologies, Inc. has a 1 year low of $14.19 and a 1 year high of $23.43.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.20. Resideo Technologies had a net margin of 2.85% and a return on equity of 10.32%. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the company earned $0.34 earnings per share. The business’s revenue was down .8% compared to the same quarter last year. Sell-side analysts forecast that Resideo Technologies, Inc. will post 1.87 EPS for the current year.

Analysts Set New Price Targets

Separately, Evercore ISI assumed coverage on shares of Resideo Technologies in a research note on Friday, August 9th. They issued an “outperform” rating and a $25.00 target price for the company.

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.