Resideo Technologies, Inc. (NYSE:REZI) Position Reduced by Rhumbline Advisers

Rhumbline Advisers trimmed its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 481,165 shares of the company’s stock after selling 8,284 shares during the quarter. Rhumbline Advisers’ holdings in Resideo Technologies were worth $9,412,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Nilsine Partners LLC boosted its stake in Resideo Technologies by 3.3% during the 2nd quarter. Nilsine Partners LLC now owns 14,256 shares of the company’s stock valued at $279,000 after acquiring an additional 452 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Resideo Technologies by 3.4% during the second quarter. Commonwealth Equity Services LLC now owns 13,702 shares of the company’s stock worth $268,000 after purchasing an additional 454 shares during the period. GAMMA Investing LLC raised its holdings in shares of Resideo Technologies by 50.0% during 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. SYSTM Wealth Solutions LLC raised its holdings in shares of Resideo Technologies by 5.1% during the first quarter. SYSTM Wealth Solutions LLC now owns 13,309 shares of the company’s stock worth $298,000 after purchasing an additional 649 shares during the period. Finally, SummerHaven Investment Management LLC raised its holdings in shares of Resideo Technologies by 1.7% during the second quarter. SummerHaven Investment Management LLC now owns 41,904 shares of the company’s stock worth $820,000 after purchasing an additional 705 shares during the period. 91.71% of the stock is currently owned by institutional investors.

Resideo Technologies Stock Up 1.4 %

Shares of NYSE:REZI opened at $18.40 on Friday. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 13.83 and a beta of 2.07. Resideo Technologies, Inc. has a 1-year low of $14.19 and a 1-year high of $23.43. The company’s fifty day moving average is $19.95 and its two-hundred day moving average is $20.70. 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 (NYSE:REZI) last issued its 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. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Resideo Technologies had a net margin of 2.85% and a return on equity of 10.32%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 earnings per share. Equities analysts anticipate that Resideo Technologies, Inc. will post 1.92 EPS for the current year.

Analysts Set New Price Targets

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

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.