Resideo Technologies Inc (NYSE:REZI) Shares Bought by Machina Capital S.A.S.
Machina Capital S.A.S. raised its position in Resideo Technologies Inc (NYSE:REZI) by 828.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,550 shares of the company’s stock after acquiring an additional 1,383 shares during the period. Machina Capital S.A.S.’s holdings in Resideo Technologies were worth $34,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in REZI. FMR LLC purchased a new position in shares of Resideo Technologies in the fourth quarter worth $87,759,000. Northern Trust Corp purchased a new position in shares of Resideo Technologies during the fourth quarter worth $23,443,000. Norges Bank purchased a new position in shares of Resideo Technologies during the fourth quarter worth $23,194,000. Geode Capital Management LLC purchased a new position in shares of Resideo Technologies during the fourth quarter worth $19,082,000. Finally, Millennium Management LLC purchased a new position in shares of Resideo Technologies during the fourth quarter worth $14,786,000. Institutional investors own 74.53% of the company’s stock.
REZI has been the subject of several recent research reports. Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. Imperial Capital reissued an “outperform” rating and set a $25.00 target price (down previously from $26.00) on shares of Resideo Technologies in a report on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Resideo Technologies currently has a consensus rating of “Buy” and a consensus target price of $25.75.
Shares of NYSE REZI traded down $0.41 during trading on Monday, hitting $18.91. The company had a trading volume of 3,599 shares, compared to its average volume of 870,037. The firm’s fifty day simple moving average is $20.79. Resideo Technologies Inc has a fifty-two week low of $17.60 and a fifty-two week high of $28.67. The firm has a market capitalization of $2.37 billion and a price-to-earnings ratio of 7.82. The company has a quick ratio of 0.74, a current ratio of 1.19 and a debt-to-equity ratio of 0.74.
Resideo Technologies (NYSE:REZI) last announced its earnings results on Wednesday, May 8th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.04. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.19 billion. Sell-side analysts predict that Resideo Technologies Inc will post 1.39 EPS for the current year.
About Resideo Technologies
Resideo Technologies, Inc provides critical comfort, thermal, and security solutions primarily in residential environments in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and Global Distribution. It offers home products, services, and technologies, including temperature and humidity control, water, air, remote patient monitoring software, and software solutions; and residential thermal solutions, such as boiler products, storage gas water heating solutions, ducted solutions, and thermal adjacency solutions.
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