Resideo Technologies, Inc. (NYSE:REZI) Shares Bought by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. raised its position in Resideo Technologies, Inc. (NYSE:REZI) by 11.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 229,600 shares of the company’s stock after purchasing an additional 24,000 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Resideo Technologies were worth $5,292,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of REZI. Pacer Advisors Inc. acquired a new position in Resideo Technologies in the 4th quarter valued at about $122,145,000. Weiss Asset Management LP acquired a new position in Resideo Technologies in the 3rd quarter valued at about $9,217,000. Beaconlight Capital LLC boosted its holdings in Resideo Technologies by 64.9% in the 3rd quarter. Beaconlight Capital LLC now owns 1,088,926 shares of the company’s stock valued at $21,931,000 after purchasing an additional 428,669 shares during the last quarter. Pembroke Management LTD boosted its holdings in 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 purchasing an additional 373,133 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in Resideo Technologies by 98.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 621,560 shares of the company’s stock valued at $12,518,000 after purchasing an additional 308,060 shares during the last quarter. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Resideo Technologies Price Performance

Resideo Technologies stock opened at $18.57 on Tuesday. The company’s 50 day simple moving average is $22.25 and its 200-day simple moving average is $22.08. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 29.48 and a beta of 2.15. Resideo Technologies, Inc. has a 1 year low of $17.43 and a 1 year high of $28.28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.08). The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. As a group, equities research analysts expect that Resideo Technologies, Inc. will post 2.13 earnings per share for the current 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.