Resideo Technologies, Inc. (NYSE:REZI) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 26.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 104,813 shares of the company's stock after acquiring an additional 22,214 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.07% of Resideo Technologies worth $2,416,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd bought a new position in Resideo Technologies during the fourth quarter valued at $30,000. Smartleaf Asset Management LLC grew its stake in Resideo Technologies by 293.3% during 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 in the last quarter. Blue Trust Inc. increased its position in shares of Resideo Technologies by 28.9% during the 4th quarter. Blue Trust Inc. now owns 3,241 shares of the company's stock valued at $75,000 after purchasing an additional 726 shares during the last quarter. GAMMA Investing LLC raised its stake 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 acquiring an additional 647 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in Resideo Technologies in the fourth quarter worth $119,000. Hedge funds and other institutional investors own 91.71% of the company's stock.

Resideo Technologies Price Performance

Shares of REZI stock traded up $0.28 on Thursday, reaching $17.06. The company's stock had a trading volume of 214,125 shares, compared to its average volume of 945,108. Resideo Technologies, Inc. has a 1 year low of $14.18 and a 1 year high of $28.28. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 27.09 and a beta of 2.04. The stock's fifty day simple moving average is $17.12 and its 200-day simple moving average is $21.24. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69.

Resideo Technologies (NYSE:REZI - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.08). Resideo Technologies had a return on equity of 11.12% and a net margin of 1.69%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. Analysts forecast that Resideo Technologies, Inc. will post 2.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.