Resideo Technologies, Inc. (NYSE:REZI) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System decreased its stake in Resideo Technologies, Inc. (NYSE:REZI) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,063 shares of the company’s stock after selling 1,322 shares during the period. Maryland State Retirement & Pension System’s holdings in Resideo Technologies were worth $999,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Resideo Technologies by 0.3% in the third quarter. Vanguard Group Inc. now owns 16,033,493 shares of the company’s stock valued at $253,329,000 after buying an additional 51,921 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in Resideo Technologies by 9.9% during the 3rd 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. Pzena Investment Management LLC increased its stake 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. Clearbridge Investments LLC grew its holdings in Resideo Technologies by 6.5% in the 3rd quarter. Clearbridge Investments LLC now owns 2,722,551 shares of the company’s stock worth $43,016,000 after buying an additional 167,145 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Resideo Technologies by 0.7% in the third quarter. Northern Trust Corp now owns 1,739,103 shares of the company’s stock worth $27,478,000 after purchasing an additional 11,733 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

Resideo Technologies Stock Up 1.9 %

REZI opened at $21.47 on Friday. The stock’s fifty day moving average is $21.43 and its 200-day moving average is $18.89. Resideo Technologies, Inc. has a one year low of $14.19 and a one year high of $23.21. The company has a market capitalization of $3.13 billion, a PE ratio of 16.14 and a beta of 2.13. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.26 and a current ratio of 1.93.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.14. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Resideo Technologies had a net margin of 3.17% and a return on equity of 9.26%. The business’s revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS. On average, equities analysts predict that Resideo Technologies, Inc. will post 2.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, TheStreet upgraded shares of Resideo Technologies from a “c+” rating to a “b-” rating in a research note on Wednesday, February 28th.

Resideo Technologies Company 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.