Prudential Financial Inc. Raises Stock Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Prudential Financial Inc. boosted its position in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,917,221 shares of the company's stock after purchasing an additional 192,511 shares during the period. Prudential Financial Inc. owned approximately 1.30% of Resideo Technologies worth $44,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Resideo Technologies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 16,137,439 shares of the company's stock worth $371,968,000 after acquiring an additional 75,940 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Resideo Technologies by 26.5% in the 4th quarter. LPL Financial LLC now owns 35,851 shares of the company's stock valued at $826,000 after buying an additional 7,514 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Resideo Technologies in the 4th quarter worth approximately $673,000. Hillsdale Investment Management Inc. raised its stake in shares of Resideo Technologies by 0.8% during the 4th quarter. Hillsdale Investment Management Inc. now owns 205,540 shares of the company's stock worth $4,738,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Quantbot Technologies LP lifted its position in Resideo Technologies by 80.8% during the fourth quarter. Quantbot Technologies LP now owns 23,807 shares of the company's stock valued at $549,000 after acquiring an additional 10,640 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company's stock.

Remove Ads

Resideo Technologies Stock Down 3.9 %

REZI traded down $0.72 during trading on Friday, hitting $17.80. The stock had a trading volume of 942,029 shares, compared to its average volume of 897,927. The stock has a 50 day simple moving average of $20.19 and a two-hundred day simple moving average of $21.87. The company has a market capitalization of $2.63 billion, a PE ratio of 28.25 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. Resideo Technologies, Inc. has a twelve month low of $16.88 and a twelve month high of $28.28.

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 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 business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. On average, research analysts predict that Resideo Technologies, Inc. will post 2.13 earnings per share 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.