Resideo Technologies, Inc. (NYSE:REZI) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC lowered its position in Resideo Technologies, Inc. (NYSE:REZI) by 0.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,598,274 shares of the company’s stock after selling 9,608 shares during the period. Clearbridge Investments LLC’s holdings in Resideo Technologies were worth $36,840,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. R Squared Ltd purchased a new position in shares of Resideo Technologies during the fourth quarter worth about $30,000. Smartleaf Asset Management LLC lifted its position in Resideo Technologies by 293.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company’s stock worth $60,000 after acquiring an additional 1,939 shares during the period. Blue Trust Inc. grew its stake in shares of Resideo Technologies by 28.9% in the 4th quarter. Blue Trust Inc. now owns 3,241 shares of the company’s stock valued at $75,000 after purchasing an additional 726 shares during the last quarter. GAMMA Investing LLC increased 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 during the period. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Resideo Technologies during the fourth quarter worth approximately $119,000. 91.71% of the stock is owned by institutional investors and hedge funds.

Resideo Technologies Price Performance

Shares of NYSE REZI opened at $17.89 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. The company has a market cap of $2.64 billion, a PE ratio of 28.39 and a beta of 2.32. The stock has a fifty day moving average price of $19.98 and a 200 day moving average price of $21.89. Resideo Technologies, Inc. has a 1-year low of $16.88 and a 1-year high of $28.28.

Resideo Technologies (NYSE:REZI) last released its earnings results on Thursday, February 20th. The company reported $0.51 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $1.84 billion. Sell-side analysts forecast that Resideo Technologies, Inc. will post 2.13 EPS for the current 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.