Raymond James Financial Inc. Purchases Shares of 256,553 Resideo Technologies, Inc. (NYSE:REZI)

Raymond James Financial Inc. bought a new position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 256,553 shares of the company's stock, valued at approximately $5,914,000. Raymond James Financial Inc. owned approximately 0.17% of Resideo Technologies as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Barclays PLC grew its position in Resideo Technologies by 358.9% in the 3rd quarter. Barclays PLC now owns 262,698 shares of the company's stock valued at $5,290,000 after purchasing an additional 205,453 shares during the period. Franklin Resources Inc. increased its stake in shares of Resideo Technologies by 45.3% during the 3rd quarter. Franklin Resources Inc. now owns 171,792 shares of the company's stock worth $3,592,000 after purchasing an additional 53,541 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Resideo Technologies by 3.1% in the third quarter. Principal Financial Group Inc. now owns 742,628 shares of the company's stock valued at $14,957,000 after purchasing an additional 22,353 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Resideo Technologies by 16.6% during the third quarter. JPMorgan Chase & Co. now owns 1,007,980 shares of the company's stock valued at $20,301,000 after purchasing an additional 143,452 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Resideo Technologies by 19.8% in the fourth quarter. GAMMA Investing LLC now owns 3,918 shares of the company's stock valued at $90,000 after buying an additional 647 shares during the period. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered Resideo Technologies from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $31.00 to $16.00 in a report on Tuesday, April 22nd.

Resideo Technologies Stock Performance

REZI traded up $0.07 on Wednesday, hitting $16.75. The company's stock had a trading volume of 1,282,760 shares, compared to its average volume of 947,888. Resideo Technologies, Inc. has a 12 month low of $14.18 and a 12 month high of $28.28. The firm has a market cap of $2.49 billion, a P/E ratio of 26.59 and a beta of 2.04. 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 company's 50 day simple moving average is $17.12 and its 200-day simple moving average is $21.24.

Resideo Technologies (NYSE:REZI - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.51 earnings per share 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 company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. Analysts forecast 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.