Resideo Technologies, Inc. (NYSE:REZI) Shares Sold by Foundry Partners LLC

Foundry Partners LLC cut its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 31.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 151,037 shares of the company’s stock after selling 68,739 shares during the period. Foundry Partners LLC’s holdings in Resideo Technologies were worth $3,481,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pacer Advisors Inc. acquired a new position in Resideo Technologies during the 4th quarter worth $122,145,000. Boston Partners lifted 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 worth $225,865,000 after purchasing an additional 1,966,706 shares during the period. Norges Bank bought a new position in Resideo Technologies in the 4th quarter valued at about $40,596,000. Weiss Asset Management LP acquired a new position in Resideo Technologies during the 3rd quarter valued at about $9,217,000. Finally, Pembroke Management LTD raised its position in shares of Resideo Technologies by 126.8% during the 4th quarter. Pembroke Management LTD now owns 667,421 shares of the company’s stock worth $15,384,000 after buying an additional 373,133 shares in the last quarter. 91.71% of the stock is owned by institutional investors.

Resideo Technologies Trading Down 5.1 %

Resideo Technologies stock opened at $15.60 on Friday. Resideo Technologies, Inc. has a 12-month low of $14.77 and a 12-month high of $28.28. The stock has a market capitalization of $2.31 billion, a PE ratio of 24.76 and a beta of 2.04. The firm has a 50 day simple moving average of $19.59 and a 200-day simple moving average of $21.80. 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 (NYSE:REZI) last issued 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 firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. As a group, equities research analysts expect that Resideo Technologies, Inc. will post 2.13 EPS 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.