Inceptionr LLC Buys New Shares in Resideo Technologies, Inc. (NYSE:REZI)

Inceptionr LLC purchased a new position in shares of Resideo Technologies, Inc. (NYSE:REZI) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 13,275 shares of the company’s stock, valued at approximately $306,000.

Several other hedge funds have also recently made changes to their positions in the business. Pacer Advisors Inc. bought a new stake in shares of Resideo Technologies during the 4th quarter valued at about $122,145,000. Weiss Asset Management LP bought a new position in shares of Resideo Technologies during the 3rd quarter worth approximately $9,217,000. Beaconlight Capital LLC grew its position in shares of Resideo Technologies by 64.9% during the 3rd quarter. Beaconlight Capital LLC now owns 1,088,926 shares of the company’s stock worth $21,931,000 after buying an additional 428,669 shares during the period. Pembroke Management LTD increased its stake in shares of Resideo Technologies by 126.8% in the 4th 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. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in shares of Resideo Technologies by 98.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 621,560 shares of the company’s stock valued at $12,518,000 after acquiring an additional 308,060 shares during the period. 91.71% of the stock is owned by institutional investors.

Resideo Technologies Stock Up 0.1 %

Shares of NYSE REZI opened at $18.47 on Monday. Resideo Technologies, Inc. has a 12-month low of $17.43 and a 12-month high of $28.28. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69. The firm has a market cap of $2.73 billion, a PE ratio of 29.32 and a beta of 2.32. The company’s fifty day simple moving average is $21.66 and its 200 day simple moving average is $22.05.

Resideo Technologies (NYSE:REZI) last issued its earnings results on Thursday, February 20th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.08). Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. As a group, sell-side analysts forecast that Resideo Technologies, Inc. will post 2.13 earnings per share for the current fiscal year.

About Resideo Technologies

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.