Resideo Technologies, Inc. (NYSE:REZI) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,982,342 shares of the company's stock after buying an additional 88,273 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.43% of Resideo Technologies worth $183,996,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in Resideo Technologies during the fourth quarter worth $30,000. Smartleaf Asset Management LLC lifted its stake in shares of Resideo Technologies by 293.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company's stock worth $60,000 after purchasing an additional 1,939 shares during the last quarter. Blue Trust Inc. boosted its position in 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 purchasing an additional 726 shares in the last quarter. GAMMA Investing LLC grew 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 purchasing an additional 647 shares during the last quarter. Finally, Sterling Capital Management LLC raised its holdings in Resideo Technologies by 705.9% in the fourth quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock worth $110,000 after purchasing an additional 4,165 shares in the last quarter. Hedge funds and other institutional investors own 91.71% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut shares of Resideo Technologies from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $31.00 to $16.00 in a report on Tuesday, April 22nd.

Resideo Technologies Stock Up 0.0 %

Shares of REZI stock traded up $0.00 during trading hours on Tuesday, reaching $16.29. 126,533 shares of the company's stock were exchanged, compared to its average volume of 940,907. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 25.85 and a beta of 2.04. Resideo Technologies, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $28.28. The stock's 50 day moving average is $17.27 and its 200-day moving average is $21.30.

Resideo Technologies (NYSE:REZI - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.51 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 during the quarter, compared to analysts' expectations of $1.84 billion. Analysts predict 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.