Martingale Asset Management L P Cuts Stake in Resideo Technologies, Inc. (NYSE:REZI)

Martingale Asset Management L P decreased its position in Resideo Technologies, Inc. (NYSE:REZI) by 25.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,923 shares of the company’s stock after selling 15,399 shares during the period. Martingale Asset Management L P’s holdings in Resideo Technologies were worth $1,059,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in REZI. R Squared Ltd acquired a new position in Resideo Technologies during the fourth quarter worth $30,000. Smartleaf Asset Management LLC boosted its position in shares of Resideo Technologies by 293.3% during 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 in the last quarter. Blue Trust Inc. grew its stake in shares of Resideo Technologies by 28.9% during the 4th quarter. Blue Trust Inc. now owns 3,241 shares of the company’s stock worth $75,000 after purchasing an additional 726 shares during the period. 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 purchasing an additional 647 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Resideo Technologies in the fourth quarter valued at about $119,000. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Resideo Technologies Trading Down 0.5 %

Shares of REZI opened at $15.50 on Friday. Resideo Technologies, Inc. has a twelve month low of $14.18 and a twelve 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 firm has a market capitalization of $2.29 billion, a P/E ratio of 24.60 and a beta of 2.04. The firm’s 50-day moving average is $18.61 and its two-hundred day moving average is $21.61.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings results 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). The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. Resideo Technologies had a return on equity of 11.12% and a net margin of 1.69%. On average, research analysts predict that Resideo Technologies, Inc. will post 2.13 earnings per share 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.