Massachusetts Financial Services Co. MA Has $17.28 Million Stock Position in Resideo Technologies Inc (NYSE:REZI)

Massachusetts Financial Services Co. MA trimmed its holdings in shares of Resideo Technologies Inc (NYSE:REZI) by 2.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,204,359 shares of the company’s stock after selling 30,193 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.98% of Resideo Technologies worth $17,283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of REZI. Investors Research Corp grew its stake in Resideo Technologies by 73,333.3% in the second quarter. Investors Research Corp now owns 2,203 shares of the company’s stock valued at $48,000 after purchasing an additional 2,200 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in Resideo Technologies by 2.7% in the second quarter. Crossmark Global Holdings Inc. now owns 20,707 shares of the company’s stock valued at $454,000 after purchasing an additional 539 shares in the last quarter. Retirement Systems of Alabama grew its stake in Resideo Technologies by 4.5% in the second quarter. Retirement Systems of Alabama now owns 376,249 shares of the company’s stock valued at $8,247,000 after purchasing an additional 16,192 shares in the last quarter. Heritage Investors Management Corp grew its stake in Resideo Technologies by 65.9% in the second quarter. Heritage Investors Management Corp now owns 186,491 shares of the company’s stock valued at $4,087,000 after purchasing an additional 74,111 shares in the last quarter. Finally, Patten Group Inc. grew its stake in Resideo Technologies by 20.4% in the second quarter. Patten Group Inc. now owns 13,742 shares of the company’s stock valued at $301,000 after purchasing an additional 2,330 shares in the last quarter. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

REZI opened at $10.29 on Monday. The company has a market cap of $1.16 billion and a PE ratio of 4.17. The stock has a 50-day moving average of $12.06 and a 200-day moving average of $17.15. Resideo Technologies Inc has a 52-week low of $8.60 and a 52-week high of $26.40. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.72 and a current ratio of 1.19.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.04). Resideo Technologies had a return on equity of 7.63% and a net margin of 1.23%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company posted $2.53 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. On average, research analysts predict that Resideo Technologies Inc will post 0.87 earnings per share for the current year.

A number of research analysts have commented on the company. ValuEngine upgraded Resideo Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Oppenheimer downgraded Resideo Technologies from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 23rd. Imperial Capital lowered their target price on Resideo Technologies from $25.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Zacks Investment Research downgraded Resideo Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, October 26th. Finally, Bank of America downgraded Resideo Technologies from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Resideo Technologies currently has a consensus rating of “Hold” and a consensus price target of $20.00.

In other Resideo Technologies news, CFO Robert P. Ryder bought 22,900 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average price of $8.81 per share, for a total transaction of $201,749.00. Following the purchase, the chief financial officer now directly owns 22,900 shares in the company, valued at $201,749. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is owned by corporate insiders.

About Resideo Technologies

Resideo Technologies, Inc provides critical comfort, thermal, and security solutions primarily in residential environments in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and Global Distribution. It offers home products, services, and technologies, including temperature and humidity control, water, air, remote patient monitoring software, and software solutions; and residential thermal solutions, such as boiler products, storage gas water heating solutions, ducted solutions, and thermal adjacency solutions.

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

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