EverSource Wealth Advisors LLC boosted its stake in shares of Resideo Technologies, Inc. (NYSE:REZI – Get Rating) by 422.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,129 shares of the company's stock after buying an additional 913 shares during the period. EverSource Wealth Advisors LLC's holdings in Resideo Technologies were worth $27,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in REZI. Mercer Global Advisors Inc. ADV increased its holdings in shares of Resideo Technologies by 5.7% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 12,123 shares of the company's stock worth $289,000 after purchasing an additional 654 shares in the last quarter. West Bancorporation Inc. increased its holdings in shares of Resideo Technologies by 134.0% in the 1st quarter. West Bancorporation Inc. now owns 1,163 shares of the company's stock worth $28,000 after purchasing an additional 666 shares in the last quarter. Eaton Vance Management increased its holdings in shares of Resideo Technologies by 3.6% in the 1st quarter. Eaton Vance Management now owns 26,148 shares of the company's stock worth $623,000 after purchasing an additional 913 shares in the last quarter. GPS Wealth Strategies Group LLC increased its holdings in shares of Resideo Technologies by 17.0% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 6,678 shares of the company's stock worth $159,000 after purchasing an additional 969 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Resideo Technologies by 72.5% in the 1st quarter. Parkside Financial Bank & Trust now owns 2,467 shares of the company's stock worth $59,000 after purchasing an additional 1,037 shares in the last quarter. Institutional investors own 93.40% of the company's stock.
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Resideo Technologies stock opened at $20.17 on Monday. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 9.51 and a beta of 2.18. The stock has a fifty day simple moving average of $21.67 and a two-hundred day simple moving average of $22.54. Resideo Technologies, Inc. has a 12 month low of $18.36 and a 12 month high of $28.35. The company has a current ratio of 1.57, a quick ratio of 0.96 and a debt-to-equity ratio of 0.59.
Resideo Technologies (NYSE:REZI – Get Rating) last posted its earnings results on Thursday, August 4th. The company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.06. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.66 billion. Resideo Technologies had a return on equity of 13.79% and a net margin of 5.14%. The company's quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 EPS. Equities analysts predict that Resideo Technologies, Inc. will post 2.38 EPS for the current fiscal year.Resideo Technologies Profile
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Resideo Technologies, Inc develops, manufactures, and sells comfort, residential thermal, and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products & Solutions, and ADI Global Distribution.
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