Lodge Hill Capital LLC Has $5.35 Million Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Lodge Hill Capital LLC lessened its position in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 71.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 232,000 shares of the company's stock after selling 590,000 shares during the period. Resideo Technologies accounts for about 1.5% of Lodge Hill Capital LLC's portfolio, making the stock its 19th biggest holding. Lodge Hill Capital LLC owned about 0.16% of Resideo Technologies worth $5,348,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in REZI. Pacer Advisors Inc. acquired a new stake in shares of Resideo Technologies in the fourth quarter valued at about $122,145,000. Boston Partners boosted its holdings in Resideo Technologies by 25.1% in the fourth quarter. Boston Partners now owns 9,797,883 shares of the company's stock valued at $225,865,000 after acquiring an additional 1,966,706 shares during the last quarter. Norges Bank acquired a new stake in Resideo Technologies during the 4th quarter valued at approximately $40,596,000. Federated Hermes Inc. bought a new position in Resideo Technologies during the 4th quarter worth approximately $35,542,000. Finally, Pembroke Management LTD lifted its position in shares of Resideo Technologies by 126.8% in the 4th 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 during the period. 91.71% of the stock is owned by institutional investors and hedge funds.

Resideo Technologies Trading Up 3.7 %

Shares of REZI traded up $0.57 during trading hours on Friday, hitting $15.81. 1,199,785 shares of the stock were exchanged, compared to its average volume of 936,025. The firm has a market capitalization of $2.34 billion, a P/E ratio of 25.09 and a beta of 2.04. 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 fifty-two week low of $14.18 and a fifty-two week high of $28.28. The business has a 50-day moving average of $17.98 and a 200-day moving average of $21.46.

Resideo Technologies (NYSE:REZI - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.08). Resideo Technologies had a return on equity of 11.12% and a net margin of 1.69%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. On average, research analysts expect 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.