Wealthfront Advisers LLC Takes Position in Resideo Technologies, Inc. (NYSE:REZI)

Wealthfront Advisers LLC bought a new stake in Resideo Technologies, Inc. (NYSE:REZI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 67,066 shares of the company’s stock, valued at approximately $1,546,000.

Other hedge funds also recently modified their holdings of the company. R Squared Ltd bought a new position in Resideo Technologies during the 4th quarter worth approximately $30,000. Smartleaf Asset Management LLC boosted its stake in Resideo Technologies by 293.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company’s stock worth $60,000 after acquiring an additional 1,939 shares during the last quarter. Blue Trust Inc. boosted its stake in Resideo Technologies by 28.9% during the 4th quarter. Blue Trust Inc. now owns 3,241 shares of the company’s stock worth $75,000 after acquiring an additional 726 shares during the last quarter. GAMMA Investing LLC boosted its stake in Resideo Technologies by 19.8% during the 4th quarter. GAMMA Investing LLC now owns 3,918 shares of the company’s stock worth $90,000 after acquiring an additional 647 shares during the last quarter. Finally, Millburn Ridgefield Corp bought a new position in Resideo Technologies during the 3rd quarter worth approximately $157,000. Institutional investors own 91.71% of the company’s stock.

Resideo Technologies Stock Up 3.2 %

Resideo Technologies stock opened at $17.46 on Friday. The company’s 50 day simple moving average is $21.21 and its 200 day simple moving average is $21.96. Resideo Technologies, Inc. has a fifty-two week low of $16.88 and a fifty-two week high of $28.28. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 27.71 and a beta of 2.32. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10.

Resideo Technologies (NYSE:REZI) last announced 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). The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. Resideo Technologies had a return on equity of 11.12% and a net margin of 1.69%. As a group, sell-side analysts anticipate that Resideo Technologies, Inc. will post 2.13 EPS 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.