Arizona State Retirement System Trims Stake in Resideo Technologies, Inc. (NYSE:REZI)

Arizona State Retirement System reduced its stake in Resideo Technologies, Inc. (NYSE:REZI) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 41,275 shares of the company’s stock after selling 613 shares during the quarter. Arizona State Retirement System’s holdings in Resideo Technologies were worth $777,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in REZI. Dark Forest Capital Management LP boosted its position in shares of Resideo Technologies by 687.2% in the 1st quarter. Dark Forest Capital Management LP now owns 2,897 shares of the company’s stock worth $53,000 after purchasing an additional 2,529 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Resideo Technologies in the 2nd quarter worth approximately $58,000. Parkside Financial Bank & Trust boosted its position in shares of Resideo Technologies by 72.5% in the 1st quarter. Parkside Financial Bank & Trust now owns 2,467 shares of the company’s stock worth $59,000 after purchasing an additional 1,037 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Resideo Technologies by 37.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,382 shares of the company’s stock worth $69,000 after purchasing an additional 1,204 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of Resideo Technologies by 30.1% in the 1st quarter. Captrust Financial Advisors now owns 6,238 shares of the company’s stock worth $149,000 after purchasing an additional 1,443 shares in the last quarter. 91.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, TheStreet raised Resideo Technologies from a “c+” rating to a “b-” rating in a research report on Wednesday, February 28th.

Resideo Technologies Stock Performance

REZI stock opened at $19.39 on Thursday. The stock has a market capitalization of $2.82 billion, a PE ratio of 13.66 and a beta of 2.13. Resideo Technologies, Inc. has a 12-month low of $14.19 and a 12-month high of $23.21. The company has a current ratio of 1.80, a quick ratio of 1.18 and a debt-to-equity ratio of 0.51. The stock’s 50 day simple moving average is $21.65 and its 200 day simple moving average is $18.39.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.14. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Resideo Technologies had a return on equity of 8.99% and a net margin of 3.36%. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 EPS. As a group, research analysts forecast that Resideo Technologies, Inc. will post 1.65 earnings per share for the current fiscal year.

Resideo Technologies Company Profile

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.