Resideo Technologies, Inc. (NYSE:REZI) Shares Bought by Royce & Associates LP

Royce & Associates LP grew its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 20.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 608,913 shares of the company’s stock after acquiring an additional 104,260 shares during the period. Royce & Associates LP owned about 0.41% of Resideo Technologies worth $14,035,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of REZI. R Squared Ltd purchased a new stake in shares of Resideo Technologies in the fourth quarter valued at $30,000. Smartleaf Asset Management LLC lifted its holdings in shares of Resideo Technologies by 293.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company’s stock valued at $60,000 after purchasing an additional 1,939 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Resideo Technologies by 28.9% in the fourth quarter. Blue Trust Inc. now owns 3,241 shares of the company’s stock valued at $75,000 after purchasing an additional 726 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Resideo Technologies by 19.8% in the fourth 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, Millburn Ridgefield Corp purchased a new stake in shares of Resideo Technologies in the third quarter valued at $157,000. Institutional investors and hedge funds own 91.71% of the company’s stock.

Resideo Technologies Price Performance

REZI opened at $17.69 on Tuesday. The stock has a fifty day moving average of $21.00 and a 200-day moving average of $21.95. The firm has a market capitalization of $2.62 billion, a P/E ratio of 28.09 and a beta of 2.32. Resideo Technologies, Inc. has a 12-month low of $16.88 and a 12-month high of $28.28. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69.

Resideo Technologies (NYSE:REZI) 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). Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Equities analysts forecast that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

About Resideo Technologies

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.