Pzena Investment Management LLC Sells 350,180 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Pzena Investment Management LLC cut its stake in Resideo Technologies, Inc. (NYSE:REZI) by 11.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,672,191 shares of the company’s stock after selling 350,180 shares during the period. Pzena Investment Management LLC’s holdings in Resideo Technologies were worth $61,594,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Horizon Kinetics Asset Management LLC boosted its holdings in Resideo Technologies by 32.3% in the third quarter. Horizon Kinetics Asset Management LLC now owns 87,112 shares of the company’s stock valued at $1,754,000 after acquiring an additional 21,266 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of Resideo Technologies by 47.5% during the 3rd quarter. Citigroup Inc. now owns 197,142 shares of the company’s stock worth $3,970,000 after buying an additional 63,501 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Resideo Technologies by 16.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,007,980 shares of the company’s stock worth $20,301,000 after buying an additional 143,452 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Resideo Technologies by 98.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 621,560 shares of the company’s stock worth $12,518,000 after buying an additional 308,060 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of Resideo Technologies by 358.9% during the 3rd quarter. Barclays PLC now owns 262,698 shares of the company’s stock worth $5,290,000 after buying an additional 205,453 shares in the last quarter. 91.71% of the stock is currently owned by institutional investors.

Resideo Technologies Price Performance

Resideo Technologies stock opened at $17.66 on Tuesday. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 28.02 and a beta of 2.32. Resideo Technologies, Inc. has a 52-week low of $17.27 and a 52-week high of $28.28. The stock’s 50 day moving average price is $21.66 and its two-hundred day moving average price is $22.05. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82.

Resideo Technologies (NYSE:REZI) last issued 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 return on equity of 11.12% and a net margin of 1.69%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. On average, equities 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.