Resideo Technologies, Inc. (NYSE:REZI) Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp reduced its stake in Resideo Technologies, Inc. (NYSE:REZI) by 9.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 158,966 shares of the company’s stock after selling 16,944 shares during the period. Heritage Investors Management Corp owned 0.11% of Resideo Technologies worth $2,992,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in REZI. International Assets Investment Management LLC grew its position in Resideo Technologies by 648.2% in the fourth quarter. International Assets Investment Management LLC now owns 1,863 shares of the company’s stock worth $35,000 after buying an additional 1,614 shares during the last quarter. Nilsine Partners LLC purchased a new position in Resideo Technologies during the 3rd quarter valued at about $184,000. Connable Office Inc. lifted its position in shares of Resideo Technologies by 14.5% in the third quarter. Connable Office Inc. now owns 12,635 shares of the company’s stock worth $200,000 after purchasing an additional 1,597 shares in the last quarter. Mackenzie Financial Corp purchased a new position in Resideo Technologies during the third quarter valued at approximately $298,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in Resideo Technologies by 36.5% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 19,547 shares of the company’s stock worth $309,000 after buying an additional 5,224 shares in the last quarter. Institutional investors own 91.71% of the company’s stock.

Analyst Ratings Changes

Separately, TheStreet raised shares of Resideo Technologies from a “c+” rating to a “b-” rating in a research report on Wednesday, February 28th.

Resideo Technologies Stock Performance

Resideo Technologies stock traded up $0.41 during mid-day trading on Thursday, reaching $21.47. The company had a trading volume of 760,076 shares, compared to its average volume of 926,978. The company has a quick ratio of 1.26, a current ratio of 1.93 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average of $21.43 and a 200-day moving average of $18.89. Resideo Technologies, Inc. has a 52 week low of $14.19 and a 52 week high of $23.21. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 16.14 and a beta of 2.13.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.14. Resideo Technologies had a net margin of 3.17% and a return on equity of 9.26%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the company earned $0.39 earnings per share. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, sell-side analysts expect that Resideo Technologies, Inc. will post 2.1 EPS for the current fiscal 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.