Louisiana State Employees Retirement System Purchases Shares of 73,000 Resideo Technologies, Inc. (NYSE:REZI)

Louisiana State Employees Retirement System purchased a new stake in shares of Resideo Technologies, Inc. (NYSE:REZI) during the fourth quarter, Holdings Channel reports. The firm purchased 73,000 shares of the company’s stock, valued at approximately $1,374,000.

A number of other large investors have also added to or reduced their stakes in REZI. International Assets Investment Management LLC grew its stake in shares of Resideo Technologies by 648.2% during the fourth quarter. International Assets Investment Management LLC now owns 1,863 shares of the company’s stock valued at $35,000 after buying an additional 1,614 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Resideo Technologies by 72.5% during the first quarter. Parkside Financial Bank & Trust now owns 2,467 shares of the company’s stock valued at $59,000 after buying an additional 1,037 shares during the last quarter. Dark Forest Capital Management LP grew its stake in shares of Resideo Technologies by 687.2% during the first quarter. Dark Forest Capital Management LP now owns 2,897 shares of the company’s stock valued at $53,000 after buying an additional 2,529 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Resideo Technologies during the second quarter valued at about $58,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Resideo Technologies by 37.9% during the third quarter. Tower Research Capital LLC TRC now owns 4,382 shares of the company’s stock valued at $69,000 after buying an additional 1,204 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Resideo Technologies Stock Up 0.4 %

Shares of NYSE:REZI opened at $19.27 on Monday. The stock’s 50-day moving average price is $21.72 and its 200-day moving average price is $18.46. Resideo Technologies, Inc. has a 12-month low of $14.19 and a 12-month high of $23.21. The stock has a market capitalization of $2.80 billion, a P/E ratio of 13.57 and a beta of 2.13. The company has a current ratio of 1.80, a quick ratio of 1.18 and a debt-to-equity ratio of 0.51.

Resideo Technologies (NYSE:REZI) last posted its earnings results on Tuesday, February 13th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.14. The company 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%. Resideo Technologies’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm earned $0.26 earnings per share. On average, equities analysts anticipate that Resideo Technologies, Inc. will post 1.65 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.