Axa S.A. Increases Stock Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Axa S.A. increased its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 198.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 100,427 shares of the company’s stock after purchasing an additional 66,817 shares during the quarter. Axa S.A.’s holdings in Resideo Technologies were worth $1,964,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. increased its stake in Resideo Technologies by 14.8% during the second quarter. Pacer Advisors Inc. now owns 6,104,301 shares of the company’s stock worth $119,400,000 after acquiring an additional 787,934 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Resideo Technologies by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 7,822,902 shares of the company’s stock worth $153,015,000 after acquiring an additional 397,864 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Resideo Technologies by 167.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 542,409 shares of the company’s stock valued at $10,610,000 after acquiring an additional 339,434 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of Resideo Technologies during the 1st quarter valued at $4,733,000. Finally, Lodge Hill Capital LLC purchased a new stake in Resideo Technologies during the 2nd quarter worth $4,108,000. 91.71% of the stock is owned by institutional investors and hedge funds.

Resideo Technologies Price Performance

Shares of NYSE REZI opened at $20.14 on Tuesday. The business has a 50 day moving average price of $19.71 and a two-hundred day moving average price of $20.43. Resideo Technologies, Inc. has a fifty-two week low of $14.19 and a fifty-two week high of $23.43. The firm has a market cap of $2.95 billion, a PE ratio of 15.14 and a beta of 2.07. The company has a quick ratio of 1.06, a current ratio of 1.81 and a debt-to-equity ratio of 0.70.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.20. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate 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 firm posted $0.34 EPS. Sell-side analysts expect that Resideo Technologies, Inc. will post 1.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Evercore ISI started coverage on 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.