Bank of New York Mellon Corp trimmed its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI – Get Rating) by 1.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,558,513 shares of the company's stock after selling 19,116 shares during the quarter. Bank of New York Mellon Corp owned 1.07% of Resideo Technologies worth $37,139,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. Versor Investments LP bought a new stake in Resideo Technologies during the 1st quarter worth approximately $208,000. Qube Research & Technologies Ltd increased its stake in Resideo Technologies by 11.3% during the 4th quarter. Qube Research & Technologies Ltd now owns 18,783 shares of the company's stock worth $489,000 after purchasing an additional 1,903 shares in the last quarter. Barclays PLC increased its stake in Resideo Technologies by 54.2% during the 4th quarter. Barclays PLC now owns 199,914 shares of the company's stock worth $5,203,000 after purchasing an additional 70,239 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in Resideo Technologies by 4.6% during the 1st quarter. SummerHaven Investment Management LLC now owns 31,775 shares of the company's stock worth $757,000 after purchasing an additional 1,386 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Resideo Technologies by 7.6% during the 1st quarter. Swiss National Bank now owns 324,300 shares of the company's stock worth $7,728,000 after acquiring an additional 22,900 shares in the last quarter. 93.40% of the stock is owned by institutional investors.
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Resideo Technologies Price Performance
Shares of REZI opened at $20.66 on Wednesday. The stock has a market capitalization of $3.01 billion, a P/E ratio of 9.75 and a beta of 2.18. Resideo Technologies, Inc. has a twelve month low of $18.36 and a twelve month high of $31.83. The company has a 50 day moving average of $21.44 and a 200-day moving average of $22.93. The company has a quick ratio of 0.96, a current ratio of 1.57 and a debt-to-equity ratio of 0.59.
Resideo Technologies (NYSE:REZI – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.06. The company had revenue of $1.69 billion during the quarter, compared to analysts' expectations of $1.66 billion. Resideo Technologies had a net
margin of 5.14% and a return on equity of 13.79%. The business's quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the business earned $0.39 EPS. As a group, equities research analysts forecast that Resideo Technologies, Inc. will post 2.38 EPS for the current fiscal year.
Resideo Technologies Profile
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Resideo Technologies, Inc develops, manufactures, and sells comfort, residential thermal, and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products & Solutions, and ADI Global Distribution.
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