Voya Investment Management LLC Cuts Stock Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Voya Investment Management LLC trimmed its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 50.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,942 shares of the company's stock after selling 204,709 shares during the period. Voya Investment Management LLC owned about 0.14% of Resideo Technologies worth $4,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of REZI. Barclays PLC grew its position in shares of Resideo Technologies by 358.9% in the 3rd quarter. Barclays PLC now owns 262,698 shares of the company's stock worth $5,290,000 after buying an additional 205,453 shares during the last quarter. Franklin Resources Inc. grew its holdings in Resideo Technologies by 45.3% in the third quarter. Franklin Resources Inc. now owns 171,792 shares of the company's stock worth $3,592,000 after purchasing an additional 53,541 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Resideo Technologies by 3.1% during the third quarter. Principal Financial Group Inc. now owns 742,628 shares of the company's stock worth $14,957,000 after purchasing an additional 22,353 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Resideo Technologies by 16.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,007,980 shares of the company's stock valued at $20,301,000 after purchasing an additional 143,452 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Resideo Technologies by 19.8% in the 4th quarter. GAMMA Investing LLC now owns 3,918 shares of the company's stock worth $90,000 after purchasing an additional 647 shares in the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

Resideo Technologies Stock Performance

NYSE:REZI traded up $0.06 during trading hours on Monday, hitting $17.61. 835,976 shares of the company were exchanged, compared to its average volume of 948,683. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. Resideo Technologies, Inc. has a 52-week low of $14.18 and a 52-week high of $28.28. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 27.94 and a beta of 2.23. The company's 50 day moving average price is $17.03 and its 200-day moving average price is $21.18.

Resideo Technologies (NYSE:REZI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.08). Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. The company had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.84 billion. As a group, research analysts forecast that Resideo Technologies, Inc. will post 2.13 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut Resideo Technologies from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $31.00 to $16.00 in a research note 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.