First Trust Advisors LP Boosts Position in Resideo Technologies, Inc. (NYSE:REZI)

First Trust Advisors LP lifted its position in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 175,029 shares of the company's stock after purchasing an additional 14,299 shares during the quarter. First Trust Advisors LP owned about 0.12% of Resideo Technologies worth $4,034,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. purchased a new stake in shares of Resideo Technologies in the 4th quarter valued at approximately $122,145,000. Boston Partners lifted its holdings in Resideo Technologies by 25.1% in the fourth quarter. Boston Partners now owns 9,797,883 shares of the company's stock valued at $225,865,000 after acquiring an additional 1,966,706 shares during the last quarter. Norges Bank purchased a new position in Resideo Technologies in the fourth quarter worth approximately $40,596,000. Federated Hermes Inc. acquired a new stake in Resideo Technologies during the fourth quarter worth $35,542,000. Finally, Pembroke Management LTD raised its position in Resideo Technologies by 126.8% in the fourth quarter. Pembroke Management LTD now owns 667,421 shares of the company's stock valued at $15,384,000 after purchasing an additional 373,133 shares during the period. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Resideo Technologies Stock Performance

NYSE:REZI opened at $17.54 on Friday. The stock has a market capitalization of $2.61 billion, a P/E ratio of 27.85 and a beta of 2.04. 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 fifty-two week low of $14.18 and a fifty-two week high of $28.28. The company has a 50 day moving average price of $17.03 and a 200 day moving average price of $21.19.

Resideo Technologies (NYSE:REZI - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.51 earnings per share 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 firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. Equities research analysts forecast that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut Resideo Technologies from an "overweight" rating to a "neutral" rating and lowered their price target 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.

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