State of Alaska Department of Revenue Sells 2,179 Shares of Resideo Technologies, Inc. (NYSE:REZI)

State of Alaska Department of Revenue cut its stake in Resideo Technologies, Inc. (NYSE:REZI) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,551 shares of the company’s stock after selling 2,179 shares during the quarter. State of Alaska Department of Revenue’s holdings in Resideo Technologies were worth $1,682,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of REZI. GAMMA Investing LLC raised its stake in shares of Resideo Technologies by 50.0% in the second quarter. GAMMA Investing LLC now owns 1,592 shares of the company’s stock valued at $31,000 after acquiring an additional 531 shares during the period. International Assets Investment Management LLC raised its position in Resideo Technologies by 1,740.5% in the 3rd quarter. International Assets Investment Management LLC now owns 2,135 shares of the company’s stock worth $43,000 after purchasing an additional 2,019 shares during the period. Blue Trust Inc. lifted its stake in Resideo Technologies by 55.0% in the third quarter. Blue Trust Inc. now owns 2,515 shares of the company’s stock worth $49,000 after purchasing an additional 892 shares during the last quarter. Quarry LP lifted its stake in Resideo Technologies by 79.7% in the second quarter. Quarry LP now owns 2,892 shares of the company’s stock worth $57,000 after purchasing an additional 1,283 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new position in shares of Resideo Technologies during the first quarter valued at approximately $70,000. 91.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Evercore ISI started coverage on Resideo Technologies in a report on Friday, August 9th. They issued an “outperform” rating and a $25.00 price target on the stock.

Resideo Technologies Stock Up 1.6 %

Shares of REZI opened at $19.98 on Friday. The firm has a fifty day moving average price of $19.81 and a 200-day moving average price of $20.15. The company has a current ratio of 1.81, a quick ratio of 1.06 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $2.93 billion, a P/E ratio of 16.93 and a beta of 2.09. Resideo Technologies, Inc. has a 12-month low of $14.97 and a 12-month high of $23.43.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.20. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Resideo Technologies had a net margin of 2.85% and a return on equity of 10.32%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 EPS. Equities research analysts expect that Resideo Technologies, Inc. will post 1.92 earnings per share for the current 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.