12,452 Shares in Resideo Technologies, Inc. (NYSE:REZI) Acquired by Olympiad Research LP

Olympiad Research LP purchased a new position in shares of Resideo Technologies, Inc. (NYSE:REZI) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 12,452 shares of the company’s stock, valued at approximately $251,000.

A number of other large investors have also bought and sold shares of REZI. Pacer Advisors Inc. grew its position in Resideo Technologies by 14.8% during the 2nd quarter. Pacer Advisors Inc. now owns 6,104,301 shares of the company’s stock worth $119,400,000 after acquiring an additional 787,934 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in Resideo Technologies by 53.4% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,214,375 shares of the company’s stock worth $23,753,000 after acquiring an additional 422,730 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Resideo Technologies by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,822,902 shares of the company’s stock worth $153,015,000 after acquiring an additional 397,864 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in Resideo Technologies by 167.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 542,409 shares of the company’s stock worth $10,610,000 after acquiring an additional 339,434 shares during the last quarter. Finally, Pembroke Management LTD bought a new position in Resideo Technologies in the 3rd quarter valued at $5,927,000. 91.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Evercore ISI began coverage on Resideo Technologies in a research report on Friday, August 9th. They issued an “outperform” rating and a $25.00 price objective on the stock.

Resideo Technologies Stock Performance

Shares of Resideo Technologies stock opened at $21.72 on Friday. The company has a market capitalization of $3.18 billion, a PE ratio of 18.41 and a beta of 2.09. Resideo Technologies, Inc. has a 12 month low of $15.44 and a 12 month high of $23.43. The company has a current ratio of 1.81, a quick ratio of 1.06 and a debt-to-equity ratio of 0.70. The stock’s fifty day simple moving average is $19.87 and its 200 day simple moving average is $20.20.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.20. Resideo Technologies had a return on equity of 10.32% and a net margin of 2.85%. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the business posted $0.34 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, research analysts predict that Resideo Technologies, Inc. will post 1.92 EPS for the current 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.