State of New Jersey Common Pension Fund D Has $1.70 Million Stake in Resideo Technologies, Inc. (NYSE:REZI)

State of New Jersey Common Pension Fund D decreased its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 32.4% during the second quarter, HoldingsChannel.com reports. The fund owned 86,767 shares of the company’s stock after selling 41,540 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Resideo Technologies were worth $1,697,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Trexquant Investment LP acquired a new position in Resideo Technologies during the 4th quarter valued at $929,000. Foundry Partners LLC raised its position in shares of Resideo Technologies by 11.6% during the first quarter. Foundry Partners LLC now owns 236,774 shares of the company’s stock valued at $5,308,000 after buying an additional 24,580 shares during the last quarter. UniSuper Management Pty Ltd bought a new stake in shares of Resideo Technologies in the first quarter valued at about $694,000. Boston Partners grew its position in Resideo Technologies by 3.0% during the first quarter. Boston Partners now owns 6,700,564 shares of the company’s stock worth $150,177,000 after buying an additional 193,351 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Resideo Technologies by 42.4% during the first quarter. BNP Paribas Financial Markets now owns 81,356 shares of the company’s stock valued at $1,824,000 after acquiring an additional 24,216 shares during the period. 91.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Resideo Technologies Stock Performance

NYSE REZI opened at $19.20 on Wednesday. Resideo Technologies, Inc. has a 1-year low of $14.19 and a 1-year high of $23.43. The company has a 50 day moving average of $19.86 and a 200-day moving average of $20.52. 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 firm has a market cap of $2.80 billion, a price-to-earnings ratio of 14.44 and a beta of 2.07.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.20. The firm had revenue of $1.59 billion during 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 company’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS. On average, equities analysts forecast that Resideo Technologies, Inc. will post 1.92 earnings per share for the current fiscal year.

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.