Harvest Fund Management Co. Ltd Takes Position in Resideo Technologies, Inc. (NYSE:REZI)

Harvest Fund Management Co. Ltd bought a new stake in shares of Resideo Technologies, Inc. (NYSE:REZI) during the 4th quarter, Holdings Channel.com reports. The firm bought 5,166 shares of the company’s stock, valued at approximately $119,000.

Several other hedge funds and other institutional investors have also made changes to their positions in REZI. Pacer Advisors Inc. acquired a new position in shares of Resideo Technologies during the 4th quarter valued at $122,145,000. Boston Partners lifted its holdings in shares of Resideo Technologies by 25.1% during the 4th quarter. Boston Partners now owns 9,797,883 shares of the company’s stock valued at $225,865,000 after acquiring an additional 1,966,706 shares in the last quarter. Weiss Asset Management LP acquired a new position in shares of Resideo Technologies during the 3rd quarter valued at $9,217,000. Beaconlight Capital LLC lifted its holdings in shares of Resideo Technologies by 64.9% during the 3rd quarter. Beaconlight Capital LLC now owns 1,088,926 shares of the company’s stock valued at $21,931,000 after acquiring an additional 428,669 shares in the last quarter. Finally, Pembroke Management LTD lifted its holdings in shares of Resideo Technologies by 126.8% during the 4th quarter. Pembroke Management LTD now owns 667,421 shares of the company’s stock valued at $15,384,000 after acquiring an additional 373,133 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

Resideo Technologies Stock Performance

NYSE:REZI opened at $17.85 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 28.33 and a beta of 2.32. The firm’s fifty day simple moving average is $20.63 and its 200 day simple moving average is $21.88. Resideo Technologies, Inc. has a twelve month low of $16.88 and a twelve month high of $28.28.

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