ProShare Advisors LLC Has $441,000 Stock Holdings in Resideo Technologies, Inc. (NYSE:REZI)

ProShare Advisors LLC lessened its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 23.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,547 shares of the company’s stock after selling 6,983 shares during the quarter. ProShare Advisors LLC’s holdings in Resideo Technologies were worth $441,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in Resideo Technologies by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,822,902 shares of the company’s stock valued at $153,015,000 after purchasing an additional 397,864 shares during the period. Boston Partners boosted its stake in shares of Resideo Technologies by 3.0% in the first quarter. Boston Partners now owns 6,700,564 shares of the company’s stock valued at $150,177,000 after buying an additional 193,351 shares during the period. Pacer Advisors Inc. grew its position 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 buying an additional 787,934 shares in the last quarter. Bank of New York Mellon Corp grew its position in Resideo Technologies by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 1,312,932 shares of the company’s stock worth $25,681,000 after buying an additional 17,505 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in Resideo Technologies by 1.0% during the 4th quarter. Fisher Asset Management LLC now owns 516,339 shares of the company’s stock worth $9,718,000 after acquiring an additional 5,339 shares during the period. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Evercore ISI began 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.

Resideo Technologies Price Performance

Shares of NYSE:REZI opened at $19.52 on Wednesday. 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 stock has a market capitalization of $2.85 billion, a PE ratio of 14.68 and a beta of 2.07. The firm has a 50 day moving average of $19.71 and a 200-day moving average of $20.43. Resideo Technologies, Inc. has a 12 month low of $14.19 and a 12 month high of $23.43.

Resideo Technologies (NYSE:REZI) last released its earnings results on Thursday, August 8th. The company reported $0.62 earnings per share for the quarter, topping 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 return on equity of 10.32% and a net margin of 2.85%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 earnings per share. On average, equities research analysts predict that Resideo Technologies, Inc. will post 1.92 EPS 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.