Great West Life Assurance Co. Can Buys New Position in Resideo Technologies, Inc. (NYSE:REZI)

Great West Life Assurance Co. Can bought a new stake in shares of Resideo Technologies, Inc. (NYSE:REZI – Get Rating) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 176,602 shares of the company’s stock, valued at approximately $3,366,000.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Resideo Technologies by 22.7% in the 1st quarter. JPMorgan Chase & Co. now owns 362,788 shares of the company’s stock worth $8,645,000 after acquiring an additional 67,123 shares during the period. Raymond James & Associates lifted its position in shares of Resideo Technologies by 16.7% in the 1st quarter. Raymond James & Associates now owns 159,887 shares of the company’s stock worth $3,810,000 after acquiring an additional 22,859 shares during the period. Citigroup Inc. lifted its position in shares of Resideo Technologies by 3.9% in the 1st quarter. Citigroup Inc. now owns 145,944 shares of the company’s stock worth $3,478,000 after acquiring an additional 5,418 shares during the period. Bank of Montreal Can lifted its position in shares of Resideo Technologies by 6.5% in the 1st quarter. Bank of Montreal Can now owns 42,397 shares of the company’s stock worth $1,039,000 after acquiring an additional 2,605 shares during the period. Finally, MetLife Investment Management LLC lifted its position in shares of Resideo Technologies by 56.3% in the 1st quarter. MetLife Investment Management LLC now owns 78,282 shares of the company’s stock worth $1,865,000 after acquiring an additional 28,189 shares during the period. Institutional investors own 91.99% of the company’s stock.

Wall Street Analyst Weigh In

REZI has been the subject of a number of research reports. Morgan Stanley reduced their price objective on Resideo Technologies from $26.00 to $23.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 18th. Imperial Capital downgraded Resideo Technologies from an “outperform” rating to an “in-line” rating and set a $27.00 target price for the company. in a research report on Wednesday, November 2nd.

Resideo Technologies Price Performance

Resideo Technologies stock opened at $18.01 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.59 and a quick ratio of 0.97. The company has a market capitalization of $2.63 billion, a PE ratio of 8.66 and a beta of 1.94. Resideo Technologies, Inc. has a one year low of $14.95 and a one year high of $27.07. The business has a 50 day simple moving average of $16.63 and a 200 day simple moving average of $19.40.

Resideo Technologies (NYSE:REZI – Get Rating) last posted its earnings results on Tuesday, November 1st. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.15). The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.68 billion. Resideo Technologies had a return on equity of 13.22% and a net margin of 4.96%. On average, sell-side analysts forecast that Resideo Technologies, Inc. will post 2.01 EPS for the current fiscal year.

About Resideo Technologies

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Resideo Technologies, Inc engages in the provision of critical comfort, thermal and security solutions primarily in residential environments. It operates through the following business segments: Products & Solutions and ADI Global Distribution. The Products & Solutions Segment offers Security categories and include temperature and humidity control, thermal, water, and air solutions as well as security panels, sensors, peripherals, wire and cable, communications devices, video cameras, awareness, cloud infrastructure, installation and maintenance tools, and related software.