Brandywine Global Investment Management LLC Sells 19,200 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Brandywine Global Investment Management LLC lowered its holdings in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 419,710 shares of the company's stock after selling 19,200 shares during the period. Brandywine Global Investment Management LLC owned about 0.29% of Resideo Technologies worth $9,674,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Resideo Technologies in the 4th quarter valued at about $30,000. Smartleaf Asset Management LLC grew its stake in Resideo Technologies by 293.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company's stock valued at $60,000 after purchasing an additional 1,939 shares in the last quarter. Blue Trust Inc. grew its stake in Resideo Technologies by 28.9% in the fourth quarter. Blue Trust Inc. now owns 3,241 shares of the company's stock valued at $75,000 after purchasing an additional 726 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Resideo Technologies by 19.8% during the 4th quarter. GAMMA Investing LLC now owns 3,918 shares of the company's stock worth $90,000 after purchasing an additional 647 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Resideo Technologies during the 4th quarter worth approximately $119,000. 91.71% of the stock is currently owned by institutional investors and hedge funds.

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Resideo Technologies Stock Down 5.1 %

Shares of NYSE REZI traded down $0.83 during trading hours on Friday, hitting $15.60. The company had a trading volume of 1,467,437 shares, compared to its average volume of 909,209. Resideo Technologies, Inc. has a 1-year low of $14.77 and a 1-year 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 firm's 50 day moving average is $19.59 and its 200-day moving average is $21.82. The stock has a market capitalization of $2.31 billion, a P/E ratio of 24.76 and a beta of 2.04.

Resideo Technologies (NYSE:REZI - Get Free Report) last announced its quarterly 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 firm 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, 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.