Dimensional Fund Advisors LP Has $184 Million Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Dimensional Fund Advisors LP lifted its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,982,342 shares of the company's stock after buying an additional 88,273 shares during the quarter. Dimensional Fund Advisors LP owned about 5.43% of Resideo Technologies worth $183,996,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. R Squared Ltd acquired a new position in shares of Resideo Technologies during the 4th quarter worth about $30,000. Smartleaf Asset Management LLC grew 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 valued at $60,000 after purchasing an additional 1,939 shares during the period. Blue Trust Inc. increased 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 raised its holdings in 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 purchasing an additional 647 shares during the period. Finally, Sterling Capital Management LLC boosted its position in shares of Resideo Technologies by 705.9% during the fourth quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock worth $110,000 after purchasing an additional 4,165 shares in the last quarter. 91.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut shares of Resideo Technologies from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $31.00 to $16.00 in a research report on Tuesday.

Resideo Technologies Trading Up 1.8 %

NYSE:REZI opened at $15.43 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. The business's 50-day simple moving average is $17.60 and its 200-day simple moving average is $21.36. Resideo Technologies, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $28.28. The stock has a market capitalization of $2.28 billion, a PE ratio of 24.49 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 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.08). Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. Sell-side 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.

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