Boston Partners Cuts Stock Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Boston Partners lowered its holdings in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,507,213 shares of the company's stock after selling 196,065 shares during the period. Boston Partners owned 4.45% of Resideo Technologies worth $122,438,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in REZI. Vanguard Group Inc. lifted its position in Resideo Technologies by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 16,033,493 shares of the company's stock worth $253,329,000 after acquiring an additional 51,921 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Resideo Technologies by 9.9% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 8,253,726 shares of the company's stock worth $130,409,000 after purchasing an additional 744,403 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Resideo Technologies by 9.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,860,246 shares of the company's stock valued at $129,111,000 after buying an additional 609,176 shares during the last quarter. Pzena Investment Management LLC raised its stake in Resideo Technologies by 23.7% during the third quarter. Pzena Investment Management LLC now owns 4,815,603 shares of the company's stock valued at $76,087,000 after buying an additional 921,631 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of Resideo Technologies by 6.5% in the 3rd quarter. Clearbridge Investments LLC now owns 2,722,551 shares of the company's stock worth $43,016,000 after buying an additional 167,145 shares during the last quarter. 91.71% of the stock is owned by institutional investors and hedge funds.

Resideo Technologies Stock Up 0.1 %

REZI stock traded up $0.03 during trading hours on Tuesday, hitting $21.89. The company's stock had a trading volume of 634,226 shares, compared to its average volume of 921,464. The company has a market capitalization of $3.20 billion, a PE ratio of 16.46 and a beta of 2.13. The stock has a 50 day moving average price of $21.40 and a two-hundred day moving average price of $19.05. The company has a quick ratio of 1.26, a current ratio of 1.93 and a debt-to-equity ratio of 0.50. Resideo Technologies, Inc. has a 12 month low of $14.19 and a 12 month high of $23.21.

Resideo Technologies (NYSE:REZI - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.14. Resideo Technologies had a return on equity of 9.26% and a net margin of 3.17%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the business posted $0.39 earnings per share. The firm's revenue was down 4.1% compared to the same quarter last year. On average, equities research analysts expect that Resideo Technologies, Inc. will post 1.87 earnings per share for the current year.

Insider Activity

In related news, CAO Tina M. Beskid sold 3,310 shares of the company's stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $21.46, for a total value of $71,032.60. Following the completion of the transaction, the chief accounting officer now directly owns 64,960 shares in the company, valued at $1,394,041.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Nina Richardson sold 5,578 shares of the business's stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $21.33, for a total value of $118,978.74. Following the sale, the director now owns 51,311 shares in the company, valued at approximately $1,094,463.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Tina M. Beskid sold 3,310 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $21.46, for a total transaction of $71,032.60. Following the sale, the chief accounting officer now owns 64,960 shares of the company's stock, valued at approximately $1,394,041.60. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, TheStreet raised Resideo Technologies from a "c+" rating to a "b-" rating in a report on Wednesday, February 28th.

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.