First Trust Advisors LP Acquires 14,299 Shares of Resideo Technologies, Inc. (NYSE:REZI)

First Trust Advisors LP grew its holdings in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 8.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 175,029 shares of the company's stock after acquiring an additional 14,299 shares during the period. First Trust Advisors LP owned 0.12% of Resideo Technologies worth $4,034,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Resideo Technologies by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 16,137,439 shares of the company's stock valued at $371,968,000 after purchasing an additional 75,940 shares during the period. Boston Partners raised its holdings in Resideo Technologies by 25.1% in the 4th quarter. Boston Partners now owns 9,797,883 shares of the company's stock worth $225,865,000 after acquiring an additional 1,966,706 shares during the period. Pacer Advisors Inc. bought a new position in Resideo Technologies in the 4th quarter worth $122,145,000. Prudential Financial Inc. lifted its position in Resideo Technologies by 11.2% during the 4th quarter. Prudential Financial Inc. now owns 1,917,221 shares of the company's stock worth $44,192,000 after acquiring an additional 192,511 shares during the last quarter. Finally, Norges Bank bought a new stake in Resideo Technologies during the fourth quarter valued at about $40,596,000. Institutional investors and hedge funds own 91.71% of the company's stock.

Analysts Set New Price Targets

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

Resideo Technologies Stock Performance

REZI stock traded up $0.55 on Thursday, reaching $19.58. 258,503 shares of the company were exchanged, compared to its average volume of 951,992. The firm has a market capitalization of $2.91 billion, a PE ratio of 31.08 and a beta of 2.23. Resideo Technologies, Inc. has a 12 month low of $14.18 and a 12 month high of $28.28. The stock's fifty day moving average price is $16.98 and its 200 day moving average price is $21.12. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10.

Resideo Technologies (NYSE:REZI - Get Free Report) last posted 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 return on equity of 11.12% and a net margin of 1.69%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. On average, research analysts anticipate that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

Resideo Technologies Company 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.