Arrowstreet Capital Limited Partnership Sells 31,460 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Arrowstreet Capital Limited Partnership trimmed its holdings in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 52.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,342 shares of the company's stock after selling 31,460 shares during the quarter. Arrowstreet Capital Limited Partnership's holdings in Resideo Technologies were worth $653,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. R Squared Ltd acquired a new stake in Resideo Technologies in the 4th quarter worth $30,000. Smartleaf Asset Management LLC increased its stake 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 acquiring an additional 1,939 shares during the period. Blue Trust Inc. raised its holdings in Resideo Technologies by 28.9% in the 4th quarter. Blue Trust Inc. now owns 3,241 shares of the company's stock valued at $75,000 after acquiring an additional 726 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Resideo Technologies by 19.8% in the 4th quarter. GAMMA Investing LLC now owns 3,918 shares of the company's stock worth $90,000 after acquiring an additional 647 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Resideo Technologies during the 4th quarter worth approximately $119,000. Institutional investors and hedge funds own 91.71% of the company's stock.

Resideo Technologies Stock Performance

Shares of REZI traded up $0.03 on Tuesday, reaching $15.49. 1,386,834 shares of the stock traded hands, compared to its average volume of 935,657. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 24.58 and a beta of 2.04. Resideo Technologies, Inc. has a 12 month low of $14.18 and a 12 month high of $28.28. The stock's 50-day moving average price is $18.48 and its 200-day moving average price is $21.59. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10.

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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 (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.08). The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. Equities analysts forecast that Resideo Technologies, Inc. will post 2.13 EPS 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.