Resideo Technologies, Inc. (NYSE:REZI) Shares Acquired by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. grew its stake in Resideo Technologies, Inc. (NYSE:REZI) by 11.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 229,600 shares of the company’s stock after purchasing an additional 24,000 shares during the quarter. Nicola Wealth Management LTD. owned approximately 0.16% of Resideo Technologies worth $5,292,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its position in shares of Resideo Technologies by 6.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,645,390 shares of the company’s stock valued at $37,926,000 after purchasing an additional 99,525 shares during the period. Bailard Inc. acquired a new position in Resideo Technologies during the fourth quarter worth about $443,000. Smartleaf Asset Management LLC boosted its position 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 acquiring an additional 1,939 shares during the last quarter. Versor Investments LP acquired a new position in Resideo Technologies during the fourth quarter worth about $516,000. Finally, Handelsbanken Fonder AB boosted its position in Resideo Technologies by 19.0% during the fourth quarter. Handelsbanken Fonder AB now owns 40,700 shares of the company’s stock worth $938,000 after acquiring an additional 6,500 shares during the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

Resideo Technologies Stock Performance

REZI opened at $18.57 on Tuesday. The firm has a market capitalization of $2.75 billion, a PE ratio of 29.48 and a beta of 2.15. Resideo Technologies, Inc. has a twelve month low of $17.43 and a twelve month high of $28.28. The firm’s 50-day moving average price is $22.25 and its 200 day moving average price is $22.08. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.08). The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. Resideo Technologies had a return on equity of 11.12% and a net margin of 1.69%. As a group, sell-side analysts expect that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

Resideo Technologies 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.