Raymond James & Associates Has $4.62 Million Stock Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Raymond James & Associates trimmed its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 9.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,280 shares of the company’s stock after selling 25,332 shares during the quarter. Raymond James & Associates’ holdings in Resideo Technologies were worth $4,618,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Nilsine Partners LLC increased its position in Resideo Technologies by 3.3% in 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 period. Commonwealth Equity Services LLC increased its position in Resideo Technologies by 3.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 13,702 shares of the company’s stock valued at $268,000 after acquiring an additional 454 shares during the period. GAMMA Investing LLC increased its position 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 acquiring an additional 531 shares during the period. Arizona State Retirement System increased its position in Resideo Technologies by 1.3% in the 2nd quarter. Arizona State Retirement System now owns 40,683 shares of the company’s stock valued at $796,000 after acquiring an additional 535 shares during the period. Finally, SummerHaven Investment Management LLC increased its position in Resideo Technologies by 1.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 41,904 shares of the company’s stock valued at $820,000 after acquiring an additional 705 shares during the period. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Resideo Technologies Trading Up 1.6 %

Shares of NYSE REZI opened at $19.98 on Friday. 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, Inc. has a 52-week low of $14.97 and a 52-week high of $23.43. The firm has a 50 day moving average price of $19.81 and a two-hundred day moving average price of $20.15. The stock has a market cap of $2.93 billion, a P/E ratio of 16.93 and a beta of 2.09.

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. Resideo Technologies had a net margin of 2.85% and a return on equity of 10.32%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the firm posted $0.34 EPS. The company’s quarterly revenue was down .8% on a year-over-year basis. As a group, equities analysts forecast that Resideo Technologies, Inc. will post 1.92 EPS for the current year.

Wall Street Analyst Weigh In

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

Resideo Technologies Company 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.