Clearbridge Investments LLC Sells 350,456 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Clearbridge Investments LLC reduced its stake in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 12.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,372,095 shares of the company's stock after selling 350,456 shares during the quarter. Clearbridge Investments LLC owned 1.62% of Resideo Technologies worth $44,643,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of REZI. Norges Bank purchased a new stake in shares of Resideo Technologies in the fourth quarter valued at approximately $29,610,000. Pzena Investment Management LLC boosted its holdings 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 worth $76,087,000 after buying an additional 921,631 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in Resideo Technologies by 9.9% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 8,253,726 shares of the company's stock worth $130,409,000 after buying an additional 744,403 shares during the period. 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 in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Resideo Technologies by 1,562.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 478,900 shares of the company's stock valued at $9,013,000 after acquiring an additional 450,087 shares during the period. Institutional investors and hedge funds own 91.71% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity

In related news, CAO Tina M. Beskid sold 3,310 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were 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 owns 64,960 shares of the company's stock, valued at approximately $1,394,041.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other 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 owns 51,311 shares in the company, valued at $1,094,463.63. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Tina M. Beskid sold 3,310 shares of the firm's stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $21.46, for a total value of $71,032.60. Following the sale, the chief accounting officer now owns 64,960 shares in the company, valued at $1,394,041.60. The disclosure for this sale can be found here. Insiders sold 15,945 shares of company stock valued at $342,937 in the last ninety days. Company insiders own 1.50% of the company's stock.

Resideo Technologies Price Performance

REZI stock traded down $0.42 during trading on Thursday, hitting $21.32. The stock had a trading volume of 531,369 shares, compared to its average volume of 894,448. Resideo Technologies, Inc. has a 1-year low of $14.19 and a 1-year high of $23.21. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 16.03 and a beta of 2.13. The company's 50 day moving average price is $21.26 and its two-hundred day moving average price is $19.37. 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 (NYSE:REZI - Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.14. Resideo Technologies had a return on equity of 9.26% and a net margin of 3.17%. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the business earned $0.39 earnings per share. The business's revenue for the quarter was down 4.1% on a year-over-year basis. On average, sell-side analysts forecast that Resideo Technologies, Inc. will post 1.87 EPS for the current fiscal year.

Resideo Technologies 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.