Ariel Investments LLC Decreases Position in Resideo Technologies, Inc. (NYSE:REZI)

Ariel Investments LLC decreased its stake in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,199,100 shares of the company's stock after selling 142,032 shares during the period. Resideo Technologies accounts for about 2.3% of Ariel Investments LLC's holdings, making the stock its 15th biggest position. Ariel Investments LLC owned about 6.26% of Resideo Technologies worth $212,039,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in REZI. Quarry LP purchased a new position in Resideo Technologies during the 4th quarter valued at about $28,000. R Squared Ltd purchased a new stake in shares of Resideo Technologies during the 4th quarter valued at about $30,000. Smartleaf Asset Management LLC grew its position in Resideo Technologies by 293.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company's stock worth $60,000 after purchasing an additional 1,939 shares during the period. Blue Trust Inc. increased its position in Resideo Technologies by 28.9% during the fourth quarter. Blue Trust Inc. now owns 3,241 shares of the company's stock valued at $75,000 after acquiring an additional 726 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Resideo Technologies by 19.8% in the fourth quarter. GAMMA Investing LLC now owns 3,918 shares of the company's stock worth $90,000 after acquiring an additional 647 shares during the period. 91.71% of the stock is currently owned by institutional investors.

Resideo Technologies Stock Down 0.6 %

REZI stock traded down $0.10 during trading on Tuesday, reaching $17.51. 1,175,566 shares of the company traded hands, compared to its average volume of 949,920. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 27.79 and a beta of 2.23. The business has a 50 day simple moving average of $16.98 and a 200 day simple moving average of $21.13. Resideo Technologies, Inc. has a 12 month low of $14.18 and a 12 month high of $28.28.

Resideo Technologies (NYSE:REZI - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.08). The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. On average, equities research analysts anticipate that Resideo Technologies, Inc. will post 2.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.