Neuberger Berman Group LLC cut its position in shares of Resideo Technologies, Inc. (NYSE:REZI – Get Rating) by 1.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,587,975 shares of the company's stock after selling 66,049 shares during the period. Neuberger Berman Group LLC owned about 2.47% of Resideo Technologies worth $85,599,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Polar Capital Holdings Plc lifted its stake in shares of Resideo Technologies by 39.0% during the first quarter. Polar Capital Holdings Plc now owns 58,805 shares of the company's stock valued at $1,401,000 after acquiring an additional 16,500 shares during the period. Dynamic Technology Lab Private Ltd lifted its position in shares of Resideo Technologies by 17.5% in the first quarter. Dynamic Technology Lab Private Ltd now owns 29,390 shares of the company's stock valued at $700,000 after buying an additional 4,373 shares during the last quarter. Eaton Vance Management lifted its holdings in Resideo Technologies by 3.6% during the 1st quarter. Eaton Vance Management now owns 26,148 shares of the company's stock worth $623,000 after purchasing an additional 913 shares during the last quarter. Greenlight Capital Inc. lifted its holdings in Resideo Technologies by 29.4% during the 1st quarter. Greenlight Capital Inc. now owns 1,513,383 shares of the company's stock worth $36,064,000 after purchasing an additional 344,000 shares during the last quarter. Finally, Guggenheim Capital LLC acquired a new position in Resideo Technologies in the 1st quarter valued at $266,000. 93.40% of the stock is currently owned by institutional investors.
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Shares of REZI stock opened at $20.17 on Friday. The firm has a market capitalization of $2.94 billion, a P/E ratio of 9.51 and a beta of 2.18. Resideo Technologies, Inc. has a twelve month low of $18.36 and a twelve month high of $28.35. The company has a quick ratio of 0.96, a current ratio of 1.57 and a debt-to-equity ratio of 0.59. The stock's fifty day simple moving average is $21.67 and its 200 day simple moving average is $22.56.
Resideo Technologies (NYSE:REZI – Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.06. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.66 billion. Resideo Technologies had a return on equity of 13.79% and a net margin of 5.14%. The firm's revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. As a group, sell-side analysts predict 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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