Allspring Global Investments Holdings LLC lowered its holdings in Resideo Technologies, Inc. (NYSE:REZI – Free Report) by 19.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,105 shares of the company’s stock after selling 1,271 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Resideo Technologies were worth $90,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the business. JPMorgan Chase & Co. lifted its position in Resideo Technologies by 22.7% in the first quarter. JPMorgan Chase & Co. now owns 362,788 shares of the company’s stock valued at $8,645,000 after buying an additional 67,123 shares during the last quarter. Raymond James & Associates raised its position in Resideo Technologies by 16.7% in the first quarter. Raymond James & Associates now owns 159,887 shares of the company’s stock valued at $3,810,000 after purchasing an additional 22,859 shares during the period. Citigroup Inc. lifted its stake in Resideo Technologies by 3.9% during the first quarter. Citigroup Inc. now owns 145,944 shares of the company’s stock worth $3,478,000 after purchasing an additional 5,418 shares in the last quarter. Bank of Montreal Can lifted its stake in Resideo Technologies by 6.5% during the first quarter. Bank of Montreal Can now owns 42,397 shares of the company’s stock worth $1,039,000 after purchasing an additional 2,605 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of Resideo Technologies by 56.3% during the first quarter. MetLife Investment Management LLC now owns 78,282 shares of the company’s stock worth $1,865,000 after buying an additional 28,189 shares during the period. Institutional investors and hedge funds own 90.59% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. TheStreet lowered Resideo Technologies from a “b-” rating to a “c+” rating in a research note on Thursday, October 19th. Morgan Stanley reduced their price target on shares of Resideo Technologies from $21.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Friday, August 4th.
Resideo Technologies Stock Up 0.7 %
Shares of NYSE REZI opened at $16.71 on Thursday. The stock has a market cap of $2.44 billion, a P/E ratio of 14.92 and a beta of 1.95. The business’s fifty day simple moving average is $15.55 and its 200-day simple moving average is $16.54. Resideo Technologies, Inc. has a 12-month low of $14.19 and a 12-month high of $20.16. The company has a current ratio of 1.78, a quick ratio of 1.12 and a debt-to-equity ratio of 0.53.
Resideo Technologies (NYSE:REZI – Get Free Report) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.16. Resideo Technologies had a return on equity of 7.96% and a net margin of 2.67%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the company earned $0.42 EPS. Resideo Technologies’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, equities analysts predict that Resideo Technologies, Inc. will post 1.48 EPS for the current fiscal year.
About Resideo Technologies
Resideo Technologies, Inc develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution.
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