Pzena Investment Management LLC Has $61.59 Million Stake in Resideo Technologies, Inc. (NYSE:REZI)

Pzena Investment Management LLC decreased its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 11.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,672,191 shares of the company’s stock after selling 350,180 shares during the quarter. Pzena Investment Management LLC owned 1.82% of Resideo Technologies worth $61,594,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. QRG Capital Management Inc. acquired a new position in shares of Resideo Technologies in the third quarter valued at approximately $202,000. Principal Financial Group Inc. increased its stake in shares of Resideo Technologies by 3.1% in the third quarter. Principal Financial Group Inc. now owns 742,628 shares of the company’s stock valued at $14,957,000 after buying an additional 22,353 shares during the period. Summit Global Investments increased its stake in shares of Resideo Technologies by 83.1% in the third quarter. Summit Global Investments now owns 20,867 shares of the company’s stock valued at $420,000 after buying an additional 9,470 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Resideo Technologies by 16.9% in the third quarter. Crossmark Global Holdings Inc. now owns 23,121 shares of the company’s stock valued at $465,000 after buying an additional 3,351 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Resideo Technologies by 12.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 97,282 shares of the company’s stock valued at $1,959,000 after buying an additional 10,515 shares during the period. Institutional investors and hedge funds own 91.71% of the company’s stock.

Resideo Technologies Stock Performance

Resideo Technologies stock opened at $17.66 on Tuesday. The business has a 50 day moving average of $21.66 and a 200-day moving average of $22.05. Resideo Technologies, Inc. has a 1 year low of $17.27 and a 1 year high of $28.28. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. The company has a market capitalization of $2.61 billion, a P/E ratio of 28.02 and a beta of 2.32.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings data 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). Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. On average, equities research analysts predict that Resideo Technologies, Inc. will post 2.13 earnings per share for the current year.

Resideo Technologies 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.