Arrowstreet Capital Limited Partnership Sells 31,460 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Arrowstreet Capital Limited Partnership decreased its stake in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 52.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,342 shares of the company's stock after selling 31,460 shares during the period. Arrowstreet Capital Limited Partnership's holdings in Resideo Technologies were worth $653,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Pictet Asset Management Holding SA raised its holdings in Resideo Technologies by 15.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 20,285 shares of the company's stock worth $468,000 after purchasing an additional 2,757 shares during the last quarter. Norges Bank bought a new stake in Resideo Technologies during the fourth quarter valued at $40,596,000. JPMorgan Chase & Co. grew its holdings in Resideo Technologies by 7.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,078,735 shares of the company's stock worth $24,865,000 after acquiring an additional 70,755 shares during the period. Banco BTG Pactual S.A. acquired a new position in shares of Resideo Technologies in the 4th quarter valued at about $307,000. Finally, Segall Bryant & Hamill LLC boosted its position in shares of Resideo Technologies by 4.4% during the 4th quarter. Segall Bryant & Hamill LLC now owns 183,128 shares of the company's stock valued at $4,221,000 after purchasing an additional 7,688 shares in the last quarter. 91.71% of the stock is currently owned by institutional investors.

Resideo Technologies Trading Up 1.2 %

REZI stock traded up $0.19 during mid-day trading on Thursday, reaching $15.43. The company's stock had a trading volume of 160,536 shares, compared to its average volume of 933,657. Resideo Technologies, Inc. has a 12 month low of $14.18 and a 12 month high of $28.28. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. The business's 50 day moving average price is $18.23 and its 200 day moving average price is $21.50. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 24.54 and a beta of 2.04.

Resideo Technologies (NYSE:REZI - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.08). The company 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 predict that Resideo Technologies, Inc. will post 2.13 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.