Point72 Asia Singapore Pte. Ltd. Sells 10,284 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Point72 Asia Singapore Pte. Ltd. lowered its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 63.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 5,993 shares of the company’s stock after selling 10,284 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Resideo Technologies were worth $117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in Resideo Technologies during the 4th quarter worth about $29,610,000. Pacer Advisors Inc. boosted its position in shares of Resideo Technologies by 14.8% in the second quarter. Pacer Advisors Inc. now owns 6,104,301 shares of the company’s stock valued at $119,400,000 after acquiring an additional 787,934 shares during the period. Dimensional Fund Advisors LP grew its stake in Resideo Technologies by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 7,822,902 shares of the company’s stock valued at $153,015,000 after acquiring an additional 397,864 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in Resideo Technologies by 167.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 542,409 shares of the company’s stock worth $10,610,000 after acquiring an additional 339,434 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new stake in Resideo Technologies in the 1st quarter worth approximately $4,733,000. 91.71% of the stock is owned by institutional investors.

Resideo Technologies Stock Performance

NYSE:REZI opened at $20.03 on Friday. The stock has a market cap of $2.93 billion, a P/E ratio of 15.06 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. The business’s 50-day moving average price is $19.74 and its two-hundred day moving average price is $20.47. Resideo Technologies, Inc. has a twelve month low of $14.19 and a twelve month high of $23.43.

Resideo Technologies (NYSE:REZI) last announced its earnings results on Thursday, August 8th. The company reported $0.62 earnings per share 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 business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the firm posted $0.34 earnings per share. Resideo Technologies’s quarterly revenue was down .8% on a year-over-year basis. As a group, equities analysts predict that Resideo Technologies, Inc. will post 1.92 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.