Resideo Technologies, Inc. (NYSE:REZI) Sees Large Decline in Short Interest

Resideo Technologies, Inc. (NYSE:REZIGet Rating) saw a large decrease in short interest in the month of December. As of December 30th, there was short interest totalling 1,590,000 shares, a decrease of 19.7% from the December 15th total of 1,980,000 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average trading volume of 760,600 shares, the days-to-cover ratio is presently 2.1 days.

Analyst Ratings Changes

REZI has been the subject of several research reports. Imperial Capital downgraded Resideo Technologies from an “outperform” rating to an “in-line” rating and set a $27.00 price target for the company. in a research note on Wednesday, November 2nd. Morgan Stanley cut their price target on Resideo Technologies from $26.00 to $23.00 and set an “equal weight” rating for the company in a research note on Wednesday.

Institutional Trading of Resideo Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. lifted its holdings in Resideo Technologies by 70.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 22,914 shares of the company’s stock worth $377,000 after purchasing an additional 9,480 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of Resideo Technologies by 1.8% in the 4th quarter. SummerHaven Investment Management LLC now owns 38,796 shares of the company’s stock valued at $638,000 after acquiring an additional 697 shares in the last quarter. Maryland State Retirement & Pension System purchased a new stake in shares of Resideo Technologies in the 4th quarter valued at about $991,000. Ronald Blue Trust Inc. raised its holdings in shares of Resideo Technologies by 38.2% in the 4th quarter. Ronald Blue Trust Inc. now owns 2,520 shares of the company’s stock valued at $48,000 after acquiring an additional 697 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of Resideo Technologies by 0.6% in the 4th quarter. State of Alaska Department of Revenue now owns 101,555 shares of the company’s stock valued at $1,670,000 after acquiring an additional 636 shares in the last quarter. Hedge funds and other institutional investors own 91.99% of the company’s stock.

Resideo Technologies Stock Down 1.4 %

REZI stock opened at $17.16 on Friday. The stock has a fifty day moving average of $16.59 and a 200-day moving average of $19.43. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 8.25 and a beta of 1.94. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.97 and a current ratio of 1.59. Resideo Technologies has a fifty-two week low of $14.95 and a fifty-two week high of $27.07.

Resideo Technologies (NYSE:REZIGet Rating) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.15). The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Resideo Technologies had a return on equity of 13.22% and a net margin of 4.96%. As a group, equities research analysts predict that Resideo Technologies will post 2.01 earnings per share for the current 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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