EverSource Wealth Advisors LLC Grows Position in Resideo Technologies, Inc. (NYSE:REZI)

EverSource Wealth Advisors LLC boosted its stake in shares of Resideo Technologies, Inc. (NYSE:REZIGet Rating) by 422.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,129 shares of the company’s stock after buying an additional 913 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Resideo Technologies were worth $27,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of REZI. Teacher Retirement System of Texas lifted its position in Resideo Technologies by 20.2% during the fourth quarter. Teacher Retirement System of Texas now owns 26,342 shares of the company’s stock valued at $686,000 after purchasing an additional 4,419 shares in the last quarter. Citigroup Inc. lifted its position in shares of Resideo Technologies by 27.0% in the fourth quarter. Citigroup Inc. now owns 140,526 shares of the company’s stock valued at $3,658,000 after acquiring an additional 29,916 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in shares of Resideo Technologies by 11.3% in the fourth quarter. Qube Research & Technologies Ltd now owns 18,783 shares of the company’s stock valued at $489,000 after acquiring an additional 1,903 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Resideo Technologies by 789.9% in the fourth quarter. JPMorgan Chase & Co. now owns 4,081,809 shares of the company’s stock valued at $106,248,000 after acquiring an additional 3,623,119 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of Resideo Technologies by 26.5% in the fourth quarter. Allianz Asset Management GmbH now owns 438,813 shares of the company’s stock valued at $11,422,000 after acquiring an additional 91,952 shares in the last quarter. 93.40% of the stock is currently owned by hedge funds and other institutional investors.

Resideo Technologies Price Performance

Shares of Resideo Technologies stock opened at $20.17 on Monday. The stock’s 50-day simple moving average is $21.67 and its 200-day simple moving average is $22.54. Resideo Technologies, Inc. has a 52 week low of $18.36 and a 52 week high of $28.35. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 9.51 and a beta of 2.18. The company has a quick ratio of 0.96, a current ratio of 1.57 and a debt-to-equity ratio of 0.59.

Resideo Technologies (NYSE:REZIGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. Resideo Technologies had a return on equity of 13.79% and a net margin of 5.14%. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the business earned $0.39 earnings per share. The business’s revenue was up 14.2% on a year-over-year basis. As a group, analysts expect that Resideo Technologies, Inc. will post 2.38 earnings per share for the current fiscal year.

About Resideo Technologies

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Resideo Technologies, Inc develops, manufactures, and sells comfort, residential thermal, and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products & Solutions, and ADI Global Distribution.

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Institutional Ownership by Quarter for Resideo Technologies (NYSE:REZI)

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