Duality Advisers LP Increases Stake in Resideo Technologies, Inc. (NYSE:REZI)

Duality Advisers LP grew its position in Resideo Technologies, Inc. (NYSE:REZI) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,848 shares of the company’s stock after acquiring an additional 2,497 shares during the quarter. Duality Advisers LP’s holdings in Resideo Technologies were worth $599,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in REZI. Arizona State Retirement System grew its holdings in shares of Resideo Technologies by 1.7% in the third quarter. Arizona State Retirement System now owns 41,888 shares of the company’s stock worth $662,000 after purchasing an additional 706 shares during the last quarter. Paralel Advisors LLC grew its holdings in shares of Resideo Technologies by 1.3% in the third quarter. Paralel Advisors LLC now owns 104,742 shares of the company’s stock worth $1,655,000 after purchasing an additional 1,308 shares during the last quarter. Seizert Capital Partners LLC grew its holdings in shares of Resideo Technologies by 2.9% in the third quarter. Seizert Capital Partners LLC now owns 49,802 shares of the company’s stock worth $787,000 after purchasing an additional 1,425 shares during the last quarter. Connable Office Inc. grew its holdings in shares of Resideo Technologies by 14.5% in the third quarter. Connable Office Inc. now owns 12,635 shares of the company’s stock worth $200,000 after purchasing an additional 1,597 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Resideo Technologies by 648.2% in the fourth quarter. International Assets Investment Management LLC now owns 1,863 shares of the company’s stock worth $35,000 after purchasing an additional 1,614 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, TheStreet upgraded shares of Resideo Technologies from a “c+” rating to a “b-” rating in a report on Wednesday, February 28th.

Resideo Technologies Stock Down 0.1 %

Shares of Resideo Technologies stock opened at $19.80 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.80 and a quick ratio of 1.18. Resideo Technologies, Inc. has a 1 year low of $14.19 and a 1 year high of $23.21. The firm’s 50-day moving average is $21.78 and its two-hundred day moving average is $18.53. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 13.94 and a beta of 2.13.

Resideo Technologies (NYSE:REZI) last issued its earnings results on Tuesday, February 13th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.14. Resideo Technologies had a net margin of 3.36% and a return on equity of 8.99%. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the prior year, the business earned $0.26 EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, research analysts expect that Resideo Technologies, Inc. will post 1.65 earnings per share for the current fiscal year.

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.