Steph & Co. Sells 3,862 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Steph & Co. decreased its stake in Resideo Technologies, Inc. (NYSE:REZI) by 25.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 11,434 shares of the company’s stock after selling 3,862 shares during the period. Steph & Co.’s holdings in Resideo Technologies were worth $215,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Ariel Investments LLC raised its position in shares of Resideo Technologies by 48.9% in the first quarter. Ariel Investments LLC now owns 8,889,988 shares of the company’s stock valued at $211,848,000 after purchasing an additional 2,918,450 shares during the period. Norges Bank bought a new stake in shares of Resideo Technologies in the fourth quarter valued at approximately $23,760,000. Pzena Investment Management LLC raised its position in shares of Resideo Technologies by 23.7% in the third quarter. Pzena Investment Management LLC now owns 4,815,603 shares of the company’s stock valued at $76,087,000 after purchasing an additional 921,631 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in shares of Resideo Technologies by 9.9% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 8,253,726 shares of the company’s stock valued at $130,409,000 after purchasing an additional 744,403 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Resideo Technologies by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 5,544,406 shares of the company’s stock valued at $101,349,000 after purchasing an additional 606,012 shares during the period. Institutional investors own 91.71% of the company’s stock.

Resideo Technologies Price Performance

Resideo Technologies stock traded down $0.37 during midday trading on Wednesday, reaching $19.39. 1,240,018 shares of the stock were exchanged, compared to its average volume of 941,011. The company’s fifty day moving average is $21.61 and its 200-day moving average is $18.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.18 and a current ratio of 1.80. The firm has a market cap of $2.82 billion, a PE ratio of 13.91 and a beta of 2.13. Resideo Technologies, Inc. has a 52 week low of $14.19 and a 52 week high of $23.21.

Resideo Technologies (NYSE:REZI) last posted its earnings results on Tuesday, February 13th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.14. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. Resideo Technologies had a net margin of 3.36% and a return on equity of 8.99%. Resideo Technologies’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 EPS. On average, sell-side analysts forecast that Resideo Technologies, Inc. will post 1.65 EPS for the current year.

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 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.