Mitsubishi UFJ Trust & Banking Corp Lowers Stock Position in Resideo Technologies, Inc. (NYSE:REZI)

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of Resideo Technologies, Inc. (NYSE:REZIGet Rating) by 26.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,353 shares of the company’s stock after selling 5,628 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Resideo Technologies were worth $298,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Versor Investments LP purchased a new position in shares of Resideo Technologies during the first quarter worth approximately $208,000. KBC Group NV grew its position in shares of Resideo Technologies by 95.9% during the second quarter. KBC Group NV now owns 26,172 shares of the company’s stock worth $508,000 after acquiring an additional 12,811 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Resideo Technologies by 79.9% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 86,225 shares of the company’s stock valued at $1,674,000 after buying an additional 38,286 shares during the last quarter. Robeco Schweiz AG grew its position in Resideo Technologies by 8.0% in the 2nd quarter. Robeco Schweiz AG now owns 1,348,000 shares of the company’s stock valued at $26,178,000 after buying an additional 100,000 shares during the last quarter. Finally, Greenlight Capital Inc. grew its position in Resideo Technologies by 29.4% in the 1st quarter. Greenlight Capital Inc. now owns 1,513,383 shares of the company’s stock valued at $36,064,000 after buying an additional 344,000 shares during the last quarter. 93.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on REZI. Morgan Stanley lowered 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 objective on the stock. in a research report on Wednesday, November 2nd.

Resideo Technologies Stock Performance

NYSE:REZI opened at $16.24 on Wednesday. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 7.81 and a beta of 2.13. Resideo Technologies, Inc. has a 1-year low of $14.95 and a 1-year high of $28.35. The firm’s fifty day moving average price is $19.58 and its 200 day moving average price is $21.01. 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:REZIGet Rating) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.15). The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates 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 expect that Resideo Technologies, Inc. will post 2.01 EPS for the current year.

Resideo Technologies 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.

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

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