GAMMA Investing LLC Grows Stock Holdings in Resideo Technologies, Inc. (NYSE:REZI)

GAMMA Investing LLC lifted its position in Resideo Technologies, Inc. (NYSE:REZI) by 105.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,271 shares of the company’s stock after buying an additional 1,679 shares during the quarter. GAMMA Investing LLC’s holdings in Resideo Technologies were worth $66,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in Resideo Technologies in the 3rd quarter valued at about $112,000. Quarry LP grew its holdings in shares of Resideo Technologies by 79.7% in the second quarter. Quarry LP now owns 2,892 shares of the company’s stock valued at $57,000 after purchasing an additional 1,283 shares in the last quarter. Algert Global LLC increased its stake in Resideo Technologies by 167.6% during the 2nd quarter. Algert Global LLC now owns 141,980 shares of the company’s stock worth $2,777,000 after buying an additional 88,920 shares during the period. Mackenzie Financial Corp lifted its holdings in Resideo Technologies by 59.5% during the 2nd quarter. Mackenzie Financial Corp now owns 29,313 shares of the company’s stock worth $573,000 after buying an additional 10,930 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Resideo Technologies by 2.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 79,551 shares of the company’s stock valued at $1,556,000 after buying an additional 2,170 shares during the period. Institutional investors and hedge funds own 91.71% of the company’s stock.

Resideo Technologies Stock Down 0.8 %

Shares of NYSE:REZI opened at $20.74 on Wednesday. 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, Inc. has a fifty-two week low of $14.19 and a fifty-two week high of $23.43. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 15.59 and a beta of 2.07. The firm’s 50 day moving average price is $19.38 and its 200 day moving average price is $20.24.

Resideo Technologies (NYSE:REZI) last released 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 business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.53 billion. Resideo Technologies had a return on equity of 10.32% and a net margin of 2.85%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.34 EPS. As a group, equities research analysts predict that Resideo Technologies, Inc. will post 1.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.