Pzena Investment Management LLC Sells 290,445 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Pzena Investment Management LLC trimmed its stake in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,525,158 shares of the company's stock after selling 290,445 shares during the quarter. Pzena Investment Management LLC owned about 3.10% of Resideo Technologies worth $85,163,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of REZI. Quest Partners LLC acquired a new stake in Resideo Technologies in the fourth quarter valued at $428,000. Trexquant Investment LP acquired a new stake in Resideo Technologies in the fourth quarter valued at $929,000. Dynamic Technology Lab Private Ltd acquired a new stake in Resideo Technologies in the fourth quarter valued at $236,000. Norges Bank acquired a new stake in shares of Resideo Technologies during the fourth quarter worth $29,610,000. Finally, Nicola Wealth Management LTD. raised its holdings in shares of Resideo Technologies by 107.3% during the fourth quarter. Nicola Wealth Management LTD. now owns 152,600 shares of the company's stock worth $2,872,000 after purchasing an additional 79,000 shares during the period. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

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

Resideo Technologies Stock Performance

Shares of NYSE:REZI traded down $0.05 on Wednesday, hitting $21.76. The company's stock had a trading volume of 441,050 shares, compared to its average volume of 898,116. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 16.36 and a beta of 2.13. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.26 and a current ratio of 1.93. Resideo Technologies, Inc. has a 12 month low of $14.19 and a 12 month high of $23.21. The stock's 50-day moving average is $21.28 and its two-hundred day moving average is $19.36.

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 analysts' expectations of $1.48 billion. During the same period last year, the firm earned $0.39 EPS. The firm's revenue for the quarter was down 4.1% on a year-over-year basis. On average, equities research analysts forecast that Resideo Technologies, Inc. will post 1.87 EPS for the current 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.