Resideo Technologies, Inc. (NYSE:REZI) Holdings Decreased by Wells Fargo & Company MN

Wells Fargo & Company MN trimmed its position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 32.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,710 shares of the company's stock after selling 63,770 shares during the period. Wells Fargo & Company MN owned approximately 0.09% of Resideo Technologies worth $3,105,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in REZI. R Squared Ltd acquired a new position in Resideo Technologies in the fourth quarter worth about $30,000. Smartleaf Asset Management LLC grew its position in shares of 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 acquiring an additional 1,939 shares in the last quarter. Blue Trust Inc. grew its position in shares of Resideo Technologies by 28.9% in the 4th quarter. Blue Trust Inc. now owns 3,241 shares of the company's stock worth $75,000 after acquiring an additional 726 shares in the last quarter. GAMMA Investing LLC increased its holdings 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 valued at $90,000 after acquiring an additional 647 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Resideo Technologies during the 4th quarter valued at approximately $119,000. 91.71% of the stock is owned by institutional investors and hedge funds.

Resideo Technologies Stock Performance

Shares of REZI traded up $0.39 during midday trading on Tuesday, hitting $16.68. 970,107 shares of the stock traded hands, compared to its average volume of 945,519. Resideo Technologies, Inc. has a 1-year low of $14.18 and a 1-year high of $28.28. The firm has a market capitalization of $2.48 billion, a PE ratio of 26.47 and a beta of 2.04. 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 business's 50 day moving average price is $17.17 and its two-hundred day moving average price is $21.27.

Resideo Technologies (NYSE:REZI - Get Free Report) last issued 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 the consensus estimate of $1.84 billion. Equities research analysts predict that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.