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

River Global Investors LLP cut its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 44.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,715 shares of the company’s stock after selling 47,698 shares during the quarter. River Global Investors LLP’s holdings in Resideo Technologies were worth $1,399,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Resideo Technologies in the 4th quarter valued at about $30,000. International Assets Investment Management LLC boosted its holdings in Resideo Technologies by 1,740.5% in the third quarter. International Assets Investment Management LLC now owns 2,135 shares of the company’s stock worth $43,000 after acquiring an additional 2,019 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Resideo Technologies by 293.3% in 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. increased its holdings in shares of Resideo Technologies by 28.9% during the fourth 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. Finally, GAMMA Investing LLC raised its position in shares of Resideo Technologies by 19.8% during the fourth quarter. GAMMA Investing LLC now owns 3,918 shares of the company’s stock worth $90,000 after purchasing an additional 647 shares during the period. 91.71% of the stock is currently owned by institutional investors.

Resideo Technologies Price Performance

Shares of REZI opened at $18.47 on Friday. The business’s fifty day moving average is $21.76 and its 200 day moving average is $22.02. Resideo Technologies, Inc. has a 12-month low of $17.43 and a 12-month high of $28.28. 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 stock has a market cap of $2.73 billion, a P/E ratio of 29.32 and a beta of 2.32.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings data 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 analyst estimates of $1.84 billion. Sell-side analysts anticipate that Resideo Technologies, Inc. will post 2.13 earnings per share 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.