Resideo Technologies, Inc. (NYSE:REZI) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC reduced its stake in Resideo Technologies, Inc. (NYSE:REZI) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,598,274 shares of the company’s stock after selling 9,608 shares during the period. Clearbridge Investments LLC owned approximately 1.09% of Resideo Technologies worth $36,840,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. R Squared Ltd purchased a new stake in shares of Resideo Technologies in the 4th quarter valued at approximately $30,000. Smartleaf Asset Management LLC increased its holdings 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 buying an additional 1,939 shares during the last quarter. Blue Trust Inc. increased its holdings in Resideo Technologies by 28.9% in the fourth quarter. Blue Trust Inc. now owns 3,241 shares of the company’s stock valued at $75,000 after buying an additional 726 shares during the last quarter. GAMMA Investing LLC raised its stake in Resideo Technologies by 19.8% in the fourth quarter. GAMMA Investing LLC now owns 3,918 shares of the company’s stock valued at $90,000 after buying an additional 647 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Resideo Technologies during the 4th quarter worth about $119,000. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Resideo Technologies Trading Up 1.0 %

REZI opened at $17.89 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82. Resideo Technologies, Inc. has a one year low of $16.88 and a one year high of $28.28. The company has a market cap of $2.64 billion, a P/E ratio of 28.39 and a beta of 2.32. The business’s 50-day simple moving average is $19.98 and its 200-day simple moving average is $21.89.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.08). The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations 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.

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.