Norges Bank Buys New Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Norges Bank acquired a new stake in Resideo Technologies, Inc. (NYSE:REZI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,761,219 shares of the company's stock, valued at approximately $40,596,000. Norges Bank owned about 1.20% of Resideo Technologies at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of Resideo Technologies in the 4th quarter valued at $30,000. Smartleaf Asset Management LLC boosted its holdings 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 buying an additional 1,939 shares in the last quarter. Blue Trust Inc. boosted its holdings in Resideo Technologies by 28.9% during the fourth quarter. Blue Trust Inc. now owns 3,241 shares of the company's stock worth $75,000 after buying an additional 726 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Resideo Technologies by 19.8% during the fourth quarter. GAMMA Investing LLC now owns 3,918 shares of the company's stock worth $90,000 after buying an additional 647 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Resideo Technologies during the fourth quarter worth $119,000. 91.71% of the stock is owned by hedge funds and other institutional investors.

Resideo Technologies Price Performance

Shares of NYSE REZI traded down $0.53 during mid-day trading on Thursday, reaching $15.67. The company's stock had a trading volume of 103,376 shares, compared to its average volume of 1,031,432. The stock has a 50-day moving average of $18.86 and a two-hundred day moving average of $21.66. The stock has a market capitalization of $2.32 billion, a P/E ratio of 24.87 and a beta of 2.04. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82. Resideo Technologies, Inc. has a 1-year low of $14.18 and a 1-year high of $28.28.

Remove Ads

Resideo Technologies (NYSE:REZI - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.08). The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. On average, equities research analysts anticipate 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.