River Global Investors LLP Sells 47,698 Shares of Resideo Technologies, Inc. (NYSE:REZI)

River Global Investors LLP lowered its stake in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 44.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,715 shares of the company's stock after selling 47,698 shares during the period. River Global Investors LLP's holdings in Resideo Technologies were worth $1,399,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Quest Partners LLC lifted its holdings in Resideo Technologies by 2.3% during the 3rd quarter. Quest Partners LLC now owns 22,045 shares of the company's stock worth $444,000 after purchasing an additional 505 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Resideo Technologies by 4.5% in the 4th quarter. CIBC Asset Management Inc now owns 14,546 shares of the company's stock valued at $335,000 after purchasing an additional 624 shares during the period. GAMMA Investing LLC grew 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 valued at $90,000 after purchasing an additional 647 shares in the last quarter. Highland Capital Management LLC increased its holdings in shares of Resideo Technologies by 6.5% in the fourth quarter. Highland Capital Management LLC now owns 10,854 shares of the company's stock worth $250,000 after purchasing an additional 666 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Resideo Technologies by 28.9% in the fourth quarter. Blue Trust Inc. now owns 3,241 shares of the company's stock worth $75,000 after buying an additional 726 shares in the last quarter. 91.71% of the stock is owned by institutional investors.

Remove Ads

Resideo Technologies Price Performance

NYSE:REZI traded down $0.47 during trading hours on Wednesday, hitting $17.29. 1,092,917 shares of the company's stock traded hands, compared to its average volume of 864,402. Resideo Technologies, Inc. has a 52 week low of $17.22 and a 52 week high of $28.28. The business's fifty day simple moving average is $21.44 and its two-hundred day simple moving average is $22.03. 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 has a market cap of $2.56 billion, a P/E ratio of 27.45 and a beta of 2.32.

Resideo Technologies (NYSE:REZI - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.51 earnings per share (EPS) 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 business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. On average, research analysts anticipate 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.