Raymond James & Associates bought a new stake in Resideo Technologies Inc (NYSE:REZI) in the 4th quarter, HoldingsChannel.com reports. The firm bought 133,800 shares of the company’s stock, valued at approximately $2,750,000.

A number of other large investors have also recently modified their holdings of REZI. Blume Capital Management Inc. acquired a new stake in Resideo Technologies during the fourth quarter worth approximately $25,000. Pflug Koory LLC acquired a new stake in Resideo Technologies during the fourth quarter worth approximately $26,000. Bedel Financial Consulting Inc. acquired a new stake in Resideo Technologies during the fourth quarter worth approximately $27,000. Private Capital Group LLC acquired a new stake in Resideo Technologies during the fourth quarter worth approximately $27,000. Finally, Sun Life Financial INC acquired a new stake in Resideo Technologies during the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 71.75% of the company’s stock.

Shares of REZI stock opened at $19.97 on Thursday. The company has a current ratio of 1.21, a quick ratio of 0.79 and a debt-to-equity ratio of 0.77. Resideo Technologies Inc has a 12-month low of $17.60 and a 12-month high of $28.67.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.23). The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Resideo Technologies’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities research analysts expect that Resideo Technologies Inc will post 2 EPS for the current year.

In other Resideo Technologies news, Director Roger Fradin purchased 25,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was bought at an average cost of $20.41 per share, for a total transaction of $510,250.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders bought 25,938 shares of company stock valued at $531,174.

Several equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Resideo Technologies from a “buy” rating to a “sell” rating in a research report on Wednesday, March 13th. Imperial Capital assumed coverage on shares of Resideo Technologies in a research report on Tuesday, March 12th. They set an “outperform” rating and a $24.00 price objective for the company. Bank of America restated a “buy” rating and set a $24.00 price objective (down from $28.00) on shares of Resideo Technologies in a research report on Friday, March 8th. Oppenheimer set a $30.00 price objective on shares of Resideo Technologies and gave the stock a “buy” rating in a research report on Thursday, March 7th. Finally, ValuEngine upgraded shares of Resideo Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Resideo Technologies presently has a consensus rating of “Hold” and a consensus price target of $25.00.

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Resideo Technologies Company Profile

Resideo Technologies, Inc provides critical residential comfort and security solutions in the United States, Europe, and internationally. It operates through two segments, Production and Distribution. The company offers comfort and care products, including temperature and humidity control, thermal, water, air, remote patient monitoring software, and software solutions; and security and safety products, such as security panels, sensors, peripherals, wires and cables, communication devices, video cameras, awareness solutions, cloud infrastructure, and installation and maintenance tools and software products.

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

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