Raymond James & Associates Sells 3,031 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Raymond James & Associates lowered its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI – Get Rating) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 146,565 shares of the company’s stock after selling 3,031 shares during the quarter. Raymond James & Associates’ holdings in Resideo Technologies were worth $2,794,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of REZI. Vanguard Group Inc. lifted its holdings in shares of Resideo Technologies by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 15,677,719 shares of the company’s stock worth $373,600,000 after acquiring an additional 326,608 shares during the last quarter. Ariel Investments LLC lifted its holdings in shares of Resideo Technologies by 48.9% in the 1st quarter. Ariel Investments LLC now owns 8,889,988 shares of the company’s stock worth $211,848,000 after acquiring an additional 2,918,450 shares during the last quarter. State Street Corp lifted its holdings in shares of Resideo Technologies by 2.8% in the 2nd quarter. State Street Corp now owns 7,114,290 shares of the company’s stock worth $138,160,000 after acquiring an additional 195,971 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Resideo Technologies by 13.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,922,481 shares of the company’s stock worth $93,477,000 after acquiring an additional 474,448 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Resideo Technologies by 0.8% in the 2nd quarter. Northern Trust Corp now owns 1,906,905 shares of the company’s stock worth $37,033,000 after acquiring an additional 15,310 shares during the last quarter. Institutional investors own 91.99% of the company’s stock.

Resideo Technologies Trading Up 2.6 %

Shares of REZI opened at $17.60 on Friday. Resideo Technologies, Inc. has a 1-year low of $14.95 and a 1-year high of $27.07. The company has a 50-day moving average of $16.60 and a 200 day moving average of $19.42. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 8.46 and a beta of 1.94. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.59 and a quick ratio of 0.97.

Resideo Technologies (NYSE:REZI – Get Rating) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.15). Resideo Technologies had a net margin of 4.96% and a return on equity of 13.22%. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.68 billion. On average, research analysts expect that Resideo Technologies, Inc. will post 2.01 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on REZI shares. Imperial Capital lowered shares of Resideo Technologies from an “outperform” rating to an “in-line” rating and set a $27.00 target price for the company. in a report on Wednesday, November 2nd. Morgan Stanley decreased their price objective on shares of Resideo Technologies from $26.00 to $23.00 and set an “equal weight” rating for the company in a report on Wednesday.

Resideo Technologies Company Profile

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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.