Bank of Montreal Can Raises Stock Position in Resideo Technologies, Inc. (NYSE:REZI)

Bank of Montreal Can lifted its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 11.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,205 shares of the company’s stock after acquiring an additional 1,788 shares during the quarter. Bank of Montreal Can’s holdings in Resideo Technologies were worth $397,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. purchased a new position in Resideo Technologies in the fourth quarter valued at about $122,145,000. Boston Partners raised its holdings in shares of Resideo Technologies by 25.1% during the 4th quarter. Boston Partners now owns 9,797,883 shares of the company’s stock valued at $225,865,000 after buying an additional 1,966,706 shares during the period. Norges Bank purchased a new stake in shares of Resideo Technologies during the 4th quarter valued at about $40,596,000. Federated Hermes Inc. acquired a new position in Resideo Technologies during the 4th quarter worth approximately $35,542,000. Finally, Pembroke Management LTD grew its position in Resideo Technologies by 126.8% in the fourth quarter. Pembroke Management LTD now owns 667,421 shares of the company’s stock valued at $15,384,000 after acquiring an additional 373,133 shares in the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

Resideo Technologies Stock Performance

NYSE:REZI opened at $15.15 on Wednesday. Resideo Technologies, Inc. has a 1-year low of $14.18 and a 1-year high of $28.28. The stock has a market cap of $2.24 billion, a P/E ratio of 24.05 and a beta of 2.04. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. The firm has a 50-day moving average of $17.73 and a two-hundred day moving average of $21.41.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.08). Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. On average, research analysts expect that Resideo Technologies, Inc. will post 2.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut shares of Resideo Technologies from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $31.00 to $16.00 in a research report on Tuesday.

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.