Sequoia Financial Advisors LLC Acquires Shares of 21,339 Resideo Technologies, Inc. (NYSE:REZI)

Sequoia Financial Advisors LLC acquired a new stake in shares of Resideo Technologies, Inc. (NYSE:REZI) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 21,339 shares of the company’s stock, valued at approximately $402,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC lifted its stake in Resideo Technologies by 648.2% during the 4th quarter. International Assets Investment Management LLC now owns 1,863 shares of the company’s stock valued at $35,000 after acquiring an additional 1,614 shares during the period. Dark Forest Capital Management LP lifted its stake in Resideo Technologies by 687.2% during the 1st quarter. Dark Forest Capital Management LP now owns 2,897 shares of the company’s stock valued at $53,000 after acquiring an additional 2,529 shares during the period. Point72 Asset Management L.P. acquired a new stake in Resideo Technologies during the 2nd quarter valued at approximately $58,000. Parkside Financial Bank & Trust lifted its stake in Resideo Technologies by 72.5% during the 1st quarter. Parkside Financial Bank & Trust now owns 2,467 shares of the company’s stock valued at $59,000 after acquiring an additional 1,037 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Resideo Technologies by 37.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,382 shares of the company’s stock valued at $69,000 after purchasing an additional 1,204 shares in the last quarter. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Resideo Technologies Price Performance

NYSE:REZI opened at $19.39 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.80 and a quick ratio of 1.18. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 13.66 and a beta of 2.13. The company has a 50 day moving average price of $21.65 and a 200-day moving average price of $18.39. Resideo Technologies, Inc. has a 1-year low of $14.19 and a 1-year high of $23.21.

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

Wall Street Analyst Weigh In

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

Resideo Technologies 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.