De Lisle Partners LLP Invests $1.43 Million in Resideo Technologies, Inc. $REZI

De Lisle Partners LLP bought a new stake in Resideo Technologies, Inc. (NYSE:REZI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 46,008 shares of the company’s stock, valued at approximately $1,432,000.

Other hedge funds also recently made changes to their positions in the company. Danske Bank A S raised its holdings in Resideo Technologies by 600.0% in the fourth quarter. Danske Bank A S now owns 700 shares of the company’s stock worth $25,000 after purchasing an additional 600 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Resideo Technologies by 283.8% during the 3rd quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock valued at $25,000 after buying an additional 420 shares in the last quarter. Allworth Financial LP bought a new stake in shares of Resideo Technologies during the 2nd quarter valued at $28,000. McMillan Office Inc. purchased a new stake in shares of Resideo Technologies in the 4th quarter worth about $33,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Resideo Technologies in the 4th quarter worth about $34,000. 91.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on REZI shares. Morgan Stanley dropped their price objective on shares of Resideo Technologies from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Seaport Research Partners started coverage on shares of Resideo Technologies in a report on Wednesday, July 1st. They set a “buy” rating and a $55.00 target price for the company. Weiss Ratings raised Resideo Technologies from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, August 14th. Oppenheimer reissued an “outperform” rating on shares of Resideo Technologies in a research report on Thursday, August 13th. Finally, JPMorgan Chase & Co. started coverage on Resideo Technologies in a research note on Friday, August 7th. They issued a “neutral” rating and a $30.00 price target on the stock. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $41.00.

Insider Transactions at Resideo Technologies

In other news, SVP Joshua Peter Foster purchased 15,317 shares of Resideo Technologies stock in a transaction that occurred on Friday, August 14th. The stock was bought at an average price of $20.58 per share, with a total value of $315,223.86. Following the completion of the transaction, the senior vice president directly owned 183,509 shares of the company’s stock, valued at approximately $3,776,615.22. The trade was a 9.11% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Amit Ashvin Mehta acquired 10,928 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was purchased at an average price of $20.68 per share, with a total value of $225,991.04. Following the completion of the acquisition, the senior vice president owned 57,362 shares in the company, valued at $1,186,246.16. The trade was a 23.53% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 41,245 shares of company stock worth $848,115. Corporate insiders own 1.60% of the company’s stock.

Resideo Technologies Price Performance

REZI opened at $20.31 on Friday. The stock has a 50-day moving average price of $30.39 and a 200-day moving average price of $33.46. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.22 and a quick ratio of 1.41. The firm has a market cap of $3.08 billion, a PE ratio of 8.99 and a beta of 1.63. Resideo Technologies, Inc. has a 1 year low of $19.84 and a 1 year high of $45.29.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.47 by $0.36. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.94 billion. Resideo Technologies had a net margin of 5.37% and a return on equity of 17.79%. Resideo Technologies’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 EPS. Sell-side analysts predict that Resideo Technologies, Inc. will post 2.81 earnings per share for the current fiscal year.

Resideo Technologies Profile

Resideo Technologies, Inc, headquartered in Austin, Texas, is a global provider of home comfort, security and energy management solutions. Formed as an independent company in 2018 following its spin-off from Honeywell, Resideo leverages decades of engineering experience to deliver connected products and services to residential and light commercial customers.

The company’s core offerings include smart thermostats, security systems, video doorbells, water leak and freeze detection devices, and indoor air quality monitors.