Resideo Technologies Inc (NYSE:REZI) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its stake in Resideo Technologies Inc (NYSE:REZI) by 6.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,219 shares of the company’s stock after selling 789 shares during the period. Oppenheimer & Co. Inc.’s holdings in Resideo Technologies were worth $246,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Connable Office Inc. increased its position in Resideo Technologies by 0.6% during the 1st quarter. Connable Office Inc. now owns 93,946 shares of the company’s stock worth $1,812,000 after purchasing an additional 523 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of Resideo Technologies by 2.7% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 20,707 shares of the company’s stock worth $454,000 after acquiring an additional 539 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Resideo Technologies by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 49,693 shares of the company’s stock worth $1,089,000 after acquiring an additional 703 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Resideo Technologies by 0.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 161,874 shares of the company’s stock worth $3,123,000 after acquiring an additional 709 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Resideo Technologies by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 89,052 shares of the company’s stock worth $1,952,000 after acquiring an additional 754 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

REZI stock traded up $0.07 on Friday, reaching $15.78. The company had a trading volume of 4,079 shares, compared to its average volume of 1,023,284. Resideo Technologies Inc has a 1 year low of $12.99 and a 1 year high of $28.67. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.72 and a current ratio of 1.18. The company’s fifty day moving average is $15.69 and its 200 day moving average is $19.83. The company has a market cap of $1.90 billion and a P/E ratio of 6.36.

Resideo Technologies (NYSE:REZI) last posted its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Resideo Technologies had a net margin of 7.39% and a return on equity of 9.67%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. On average, sell-side analysts predict that Resideo Technologies Inc will post 1.37 earnings per share for the current year.

Several equities research analysts have recently commented on the company. Oppenheimer decreased their price target on Resideo Technologies from $30.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. Zacks Investment Research lowered Resideo Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. Finally, Imperial Capital reissued an “outperform” rating and set a $25.00 price target (down previously from $26.00) on shares of Resideo Technologies in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Resideo Technologies has an average rating of “Hold” and an average target price of $23.25.

Resideo Technologies Profile

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.

Read More: Certificate of Deposit (CD)

Institutional Ownership by Quarter for Resideo Technologies (NYSE:REZI)

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