Boston Partners Grows Position in Resideo Technologies, Inc. (NYSE:REZI)

Boston Partners increased its position in Resideo Technologies, Inc. (NYSE:REZI) by 25.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,797,883 shares of the company’s stock after purchasing an additional 1,966,706 shares during the quarter. Boston Partners owned approximately 6.67% of Resideo Technologies worth $225,865,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp lifted its stake in shares of Resideo Technologies by 2.0% in the 3rd quarter. State Street Corp now owns 8,060,486 shares of the company’s stock valued at $162,338,000 after purchasing an additional 159,069 shares during the period. Pacer Advisors Inc. bought a new position in Resideo Technologies during the 4th quarter valued at approximately $122,145,000. Geode Capital Management LLC increased its position in Resideo Technologies by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,363,750 shares of the company’s stock valued at $67,759,000 after buying an additional 26,000 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Resideo Technologies by 6.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,645,390 shares of the company’s stock valued at $37,926,000 after buying an additional 99,525 shares in the last quarter. Finally, Beaconlight Capital LLC increased its position in Resideo Technologies by 64.9% during the 3rd quarter. Beaconlight Capital LLC now owns 1,088,926 shares of the company’s stock valued at $21,931,000 after buying an additional 428,669 shares in the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Resideo Technologies Stock Down 1.4 %

REZI stock opened at $17.44 on Wednesday. Resideo Technologies, Inc. has a twelve month low of $16.88 and a twelve 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. The firm has a market cap of $2.58 billion, a PE ratio of 27.68 and a beta of 2.32. The business has a 50 day moving average of $20.89 and a 200 day moving average of $21.93.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.51 earnings per share 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 company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. On average, research analysts forecast that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal 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.