Globeflex Capital L P Trims Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Globeflex Capital L P decreased its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 10.2% in the 4th quarter, Holdings Channel reports. The firm owned 15,350 shares of the company’s stock after selling 1,750 shares during the period. Globeflex Capital L P’s holdings in Resideo Technologies were worth $354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Principal Financial Group Inc. increased its stake in Resideo Technologies by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 742,628 shares of the company’s stock valued at $14,957,000 after buying an additional 22,353 shares during the period. Crossmark Global Holdings Inc. increased its stake in Resideo Technologies by 16.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,121 shares of the company’s stock valued at $465,000 after buying an additional 3,351 shares during the period. State of New Jersey Common Pension Fund D increased its stake in Resideo Technologies by 12.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 97,282 shares of the company’s stock valued at $1,959,000 after buying an additional 10,515 shares during the period. Entropy Technologies LP acquired a new position in Resideo Technologies in the 3rd quarter valued at $397,000. Finally, Victory Capital Management Inc. increased its stake in Resideo Technologies by 14.3% in the 3rd quarter. Victory Capital Management Inc. now owns 165,748 shares of the company’s stock valued at $3,338,000 after buying an additional 20,723 shares during the period. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Resideo Technologies Stock Performance

Shares of REZI opened at $17.46 on Friday. 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 stock has a market capitalization of $2.58 billion, a P/E ratio of 27.71 and a beta of 2.32. The company’s fifty day moving average is $21.10 and its two-hundred day moving average is $21.95. Resideo Technologies, Inc. has a 1 year low of $16.88 and a 1 year high of $28.28.

Resideo Technologies (NYSE:REZI) last announced its quarterly 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). The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. On average, sell-side analysts predict that Resideo Technologies, Inc. will post 2.13 earnings per share for the current 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.