Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Position in Resideo Technologies, Inc. (NYSE:REZI)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Resideo Technologies, Inc. (NYSE:REZI) by 8.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,401 shares of the company’s stock after buying an additional 3,132 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Resideo Technologies were worth $697,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in Resideo Technologies by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,982,342 shares of the company’s stock worth $183,996,000 after purchasing an additional 88,273 shares during the last quarter. Nuveen Asset Management LLC grew its position in Resideo Technologies by 32.4% during the 4th quarter. Nuveen Asset Management LLC now owns 2,320,863 shares of the company’s stock worth $53,496,000 after purchasing an additional 567,800 shares during the last quarter. Northern Trust Corp grew its position in Resideo Technologies by 14.3% during the 4th quarter. Northern Trust Corp now owns 1,917,077 shares of the company’s stock worth $44,189,000 after purchasing an additional 239,967 shares during the last quarter. JPMorgan Chase & Co. grew its position in Resideo Technologies by 7.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,078,735 shares of the company’s stock worth $24,865,000 after purchasing an additional 70,755 shares during the last quarter. Finally, Invesco Ltd. grew its position in Resideo Technologies by 22.6% during the 4th quarter. Invesco Ltd. now owns 988,890 shares of the company’s stock worth $22,794,000 after purchasing an additional 182,197 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Resideo Technologies Price Performance

Resideo Technologies stock opened at $28.52 on Thursday. Resideo Technologies, Inc. has a 12-month low of $14.18 and a 12-month high of $29.40. The stock has a market cap of $4.24 billion, a P/E ratio of -5.22 and a beta of 2.16. The company has a 50-day moving average price of $23.10 and a 200 day moving average price of $20.43. The company has a current ratio of 1.94, a quick ratio of 1.16 and a debt-to-equity ratio of 0.69.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.12. Resideo Technologies had a negative net margin of 10.52% and a positive return on equity of 11.76%. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the business earned $0.62 earnings per share. Resideo Technologies’s revenue was up 22.3% compared to the same quarter last year. Sell-side analysts anticipate that Resideo Technologies, Inc. will post 2.13 earnings per share for the current year.

Insider Buying and Selling at Resideo Technologies

In other news, Director Nina Richardson sold 2,790 shares of the firm’s stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $23.68, for a total value of $66,067.20. Following the completion of the transaction, the director owned 64,008 shares of the company’s stock, valued at approximately $1,515,709.44. This trade represents a 4.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert B. Aarnes sold 47,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $28.00, for a total transaction of $1,316,000.00. Following the completion of the transaction, the insider directly owned 503,692 shares of the company’s stock, valued at approximately $14,103,376. The trade was a 8.53% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Resideo Technologies from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 3rd. Oppenheimer upgraded shares of Resideo Technologies from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 30th.

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.