Teacher Retirement System of Texas Boosts Position in Resideo Technologies, Inc. (NYSE:REZI)

Teacher Retirement System of Texas raised its stake in Resideo Technologies, Inc. (NYSE:REZI) by 15.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 184,833 shares of the company’s stock after buying an additional 24,198 shares during the period. Teacher Retirement System of Texas owned about 0.13% of Resideo Technologies worth $4,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Horizon Kinetics Asset Management LLC raised its stake in shares of Resideo Technologies by 32.3% during the third quarter. Horizon Kinetics Asset Management LLC now owns 87,112 shares of the company’s stock valued at $1,754,000 after acquiring an additional 21,266 shares in the last quarter. Citigroup Inc. increased its holdings in Resideo Technologies by 47.5% during the 3rd quarter. Citigroup Inc. now owns 197,142 shares of the company’s stock worth $3,970,000 after purchasing an additional 63,501 shares during the period. JPMorgan Chase & Co. raised its position in Resideo Technologies by 16.6% during the 3rd 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 in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Resideo Technologies by 98.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 621,560 shares of the company’s stock worth $12,518,000 after buying an additional 308,060 shares during the period. Finally, Barclays PLC grew its position in shares of Resideo Technologies by 358.9% during the 3rd quarter. Barclays PLC now owns 262,698 shares of the company’s stock worth $5,290,000 after buying an additional 205,453 shares in the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

Resideo Technologies Stock Performance

REZI stock opened at $18.47 on Tuesday. Resideo Technologies, Inc. has a 1-year low of $16.88 and a 1-year high of $28.28. The business has a 50-day moving average price of $20.56 and a 200 day moving average price of $21.89. The company has a market capitalization of $2.73 billion, a P/E ratio of 29.31 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 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). The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Resideo Technologies had a return on equity of 11.12% and a net margin of 1.69%. As a group, equities research analysts forecast that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal 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.