KLP Kapitalforvaltning AS Acquires Shares of 29,200 Resideo Technologies, Inc. (NYSE:REZI)

KLP Kapitalforvaltning AS purchased a new stake in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 29,200 shares of the company's stock, valued at approximately $673,000.

Other hedge funds have also modified their holdings of the company. R Squared Ltd purchased a new position in shares of Resideo Technologies during the fourth quarter worth $30,000. Smartleaf Asset Management LLC raised its stake in shares of Resideo Technologies by 293.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company's stock valued at $60,000 after buying an additional 1,939 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Resideo Technologies by 28.9% in the 4th quarter. Blue Trust Inc. now owns 3,241 shares of the company's stock valued at $75,000 after buying an additional 726 shares during the period. GAMMA Investing LLC boosted its stake in shares of Resideo Technologies by 19.8% in 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 during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Resideo Technologies during the fourth quarter worth about $119,000. 91.71% of the stock is owned by institutional investors and hedge funds.

Resideo Technologies Stock Performance

NYSE:REZI traded down $0.83 during trading hours on Friday, reaching $15.60. The company had a trading volume of 1,467,437 shares, compared to its average volume of 909,209. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. Resideo Technologies, Inc. has a 1-year low of $14.77 and a 1-year high of $28.28. The business's 50 day moving average price is $19.59 and its 200-day moving average price is $21.84. The firm has a market cap of $2.31 billion, a PE ratio of 24.76 and a beta of 2.04.

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Resideo Technologies (NYSE:REZI - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.08). Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. Research analysts forecast that Resideo Technologies, Inc. will post 2.13 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.