Tudor Investment Corp ET AL Has $2.89 Million Stock Position in Resideo Technologies, Inc. (NYSE:REZI)

Tudor Investment Corp ET AL increased its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 45.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,229 shares of the company's stock after buying 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 filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CIBC Asset Management Inc increased its stake in Resideo Technologies by 4.5% during the 4th quarter. CIBC Asset Management Inc now owns 14,546 shares of the company's stock worth $335,000 after buying an additional 624 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Resideo Technologies by 19.8% in the 4th 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 last quarter. Summit Investment Advisors Inc. lifted its stake in Resideo Technologies by 4.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 15,280 shares of the company's stock valued at $352,000 after buying an additional 663 shares during the last quarter. Highland Capital Management LLC boosted its stake in shares of Resideo Technologies by 6.5% during the 4th quarter. Highland Capital Management LLC now owns 10,854 shares of the company's stock worth $250,000 after acquiring an additional 666 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Resideo Technologies by 28.9% in the 4th quarter. Blue Trust Inc. now owns 3,241 shares of the company's stock valued at $75,000 after acquiring an additional 726 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company's stock.

Resideo Technologies Price Performance

Shares of Resideo Technologies stock traded up $0.82 during trading on Thursday, hitting $19.85. The stock had a trading volume of 342,247 shares, compared to its average volume of 952,357. Resideo Technologies, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $28.28. 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 cap of $2.95 billion, a P/E ratio of 31.51 and a beta of 2.23. The business has a fifty day moving average of $16.98 and a two-hundred day moving average of $21.12.

Resideo Technologies (NYSE:REZI - Get Free Report) 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 firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. On average, sell-side analysts expect that Resideo Technologies, Inc. will post 2.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.