Baird Financial Group Inc. Trims Stock Position in Resideo Technologies, Inc. (NYSE:REZI)

Baird Financial Group Inc. reduced its position in shares of Resideo Technologies, Inc. (NYSE:REZIGet Rating) by 64.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,251 shares of the company’s stock after selling 97,061 shares during the quarter. Baird Financial Group Inc.’s holdings in Resideo Technologies were worth $1,034,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in REZI. Truist Financial Corp lifted its holdings in Resideo Technologies by 3.6% during the second quarter. Truist Financial Corp now owns 15,361 shares of the company’s stock worth $298,000 after buying an additional 537 shares during the period. US Bancorp DE lifted its stake in shares of Resideo Technologies by 7.3% during the 2nd quarter. US Bancorp DE now owns 8,508 shares of the company’s stock worth $165,000 after purchasing an additional 579 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Resideo Technologies by 26.0% during the second quarter. Parkside Financial Bank & Trust now owns 3,109 shares of the company’s stock valued at $61,000 after purchasing an additional 642 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Resideo Technologies by 5.7% in the first quarter. Mercer Global Advisors Inc. ADV now owns 12,123 shares of the company’s stock valued at $289,000 after purchasing an additional 654 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Resideo Technologies by 1.8% in the second quarter. Victory Capital Management Inc. now owns 49,032 shares of the company’s stock worth $952,000 after purchasing an additional 878 shares in the last quarter. Institutional investors own 93.40% of the company’s stock.

Resideo Technologies Trading Down 0.6 %

Shares of REZI stock opened at $16.16 on Friday. Resideo Technologies, Inc. has a 1-year low of $14.95 and a 1-year high of $28.35. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 7.77 and a beta of 2.13. 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 stock has a 50 day simple moving average of $19.79 and a 200-day simple moving average of $21.17.

Resideo Technologies (NYSE:REZIGet Rating) last posted 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 return on equity of 13.22% and a net margin of 4.96%. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.68 billion. On average, equities research analysts expect that Resideo Technologies, Inc. will post 2.01 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on REZI shares. Morgan Stanley cut their price objective on shares of Resideo Technologies from $32.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, October 17th. Imperial Capital lowered shares of Resideo Technologies from an “outperform” rating to an “in-line” rating and set a $27.00 price target on the stock. in a research note on Wednesday, November 2nd.

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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