Bank of New York Mellon Corp Sells 56,139 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Bank of New York Mellon Corp lowered its stake in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,111,375 shares of the company's stock after selling 56,139 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.76% of Resideo Technologies worth $25,617,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of REZI. QRG Capital Management Inc. acquired a new stake in shares of Resideo Technologies during the third quarter valued at approximately $202,000. Principal Financial Group Inc. raised its stake in Resideo Technologies by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 742,628 shares of the company's stock valued at $14,957,000 after purchasing an additional 22,353 shares during the period. Summit Global Investments lifted its holdings in shares of Resideo Technologies by 83.1% in the third quarter. Summit Global Investments now owns 20,867 shares of the company's stock valued at $420,000 after purchasing an additional 9,470 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of Resideo Technologies by 16.9% in the third quarter. Crossmark Global Holdings Inc. now owns 23,121 shares of the company's stock worth $465,000 after buying an additional 3,351 shares during the period. Finally, River Global Investors LLP grew its holdings in shares of Resideo Technologies by 3.8% during the third quarter. River Global Investors LLP now owns 108,413 shares of the company's stock valued at $2,182,000 after buying an additional 3,982 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company's stock.

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Resideo Technologies Stock Down 2.4 %

NYSE:REZI traded down $0.42 during trading hours on Thursday, hitting $16.89. 726,715 shares of the company's stock traded hands, compared to its average volume of 865,720. Resideo Technologies, Inc. has a twelve month low of $16.89 and a twelve month high of $28.28. The firm has a market cap of $2.50 billion, a P/E ratio of 26.81 and a beta of 2.32. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82. The stock's fifty day moving average price is $21.33 and its two-hundred day moving average price is $21.99.

Resideo Technologies (NYSE:REZI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.51 earnings per share (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 company had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.84 billion. On average, research analysts expect that Resideo Technologies, Inc. will post 2.13 earnings per share for the current fiscal year.

Resideo Technologies Company 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.