Tudor Investment Corp ET AL Boosts Stake in Resideo Technologies, Inc. (NYSE:REZI)

Tudor Investment Corp ET AL raised its position in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 45.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 125,229 shares of the company's stock after purchasing an additional 39,274 shares during the quarter. Tudor Investment Corp ET AL owned 0.09% of Resideo Technologies worth $2,887,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Resideo Technologies in the fourth quarter valued at $28,000. R Squared Ltd acquired a new position in Resideo Technologies in the 4th quarter valued at about $30,000. Smartleaf Asset Management LLC increased its stake in Resideo Technologies by 293.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company's stock worth $60,000 after purchasing an additional 1,939 shares during the period. Blue Trust Inc. grew its holdings in shares of Resideo Technologies by 28.9% in the fourth quarter. Blue Trust Inc. now owns 3,241 shares of the company's stock valued at $75,000 after purchasing an additional 726 shares in the last quarter. Finally, GAMMA Investing LLC increased 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 buying an additional 647 shares during the period. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. downgraded shares of Resideo Technologies from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $31.00 to $16.00 in a research note on Tuesday, April 22nd.

Resideo Technologies Price Performance

REZI stock opened at $17.54 on Friday. The business's 50-day moving average is $17.03 and its two-hundred day moving average is $21.19. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. The firm has a market capitalization of $2.61 billion, a P/E ratio of 27.85 and a beta of 2.04. Resideo Technologies, Inc. has a 1 year low of $14.18 and a 1 year high of $28.28.

Resideo Technologies (NYSE:REZI - Get Free Report) last issued 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). Resideo Technologies had a return on equity of 11.12% and a net margin of 1.69%. The firm had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.84 billion. Analysts anticipate that Resideo Technologies, Inc. will post 2.13 earnings per share for the current fiscal year.

Resideo Technologies Company Profile

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.

Want to see what other hedge funds are holding REZI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Resideo Technologies, Inc. (NYSE:REZI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.