Boston Partners Purchases 1,966,706 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Boston Partners increased its stake in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 25.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,797,883 shares of the company's stock after purchasing an additional 1,966,706 shares during the quarter. Boston Partners owned about 6.67% of Resideo Technologies worth $225,865,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Pacer Advisors Inc. bought a new position in Resideo Technologies in the fourth quarter valued at approximately $122,145,000. Weiss Asset Management LP bought a new position in shares of Resideo Technologies during the third quarter worth $9,217,000. Beaconlight Capital LLC boosted its position in shares of Resideo Technologies by 64.9% during the third quarter. Beaconlight Capital LLC now owns 1,088,926 shares of the company's stock worth $21,931,000 after purchasing an additional 428,669 shares in the last quarter. Pembroke Management LTD boosted its position in shares of Resideo Technologies by 126.8% during the fourth quarter. Pembroke Management LTD now owns 667,421 shares of the company's stock worth $15,384,000 after purchasing an additional 373,133 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of Resideo Technologies by 98.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 621,560 shares of the company's stock worth $12,518,000 after purchasing an additional 308,060 shares in the last quarter. 91.71% of the stock is owned by institutional investors.

Resideo Technologies Stock Down 1.4 %

Shares of NYSE:REZI traded down $0.26 during midday trading on Friday, reaching $17.85. 4,921,251 shares of the company were exchanged, compared to its average volume of 833,542. Resideo Technologies, Inc. has a fifty-two week low of $16.88 and a fifty-two week high of $28.28. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69. The stock has a fifty day simple moving average of $20.63 and a two-hundred day simple moving average of $21.88. The firm has a market cap of $2.64 billion, a PE ratio of 28.33 and a beta of 2.32.

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Resideo Technologies (NYSE:REZI - Get Free Report) 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 company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. As a group, sell-side analysts forecast that Resideo Technologies, Inc. will post 2.13 earnings per share for the current 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.