Boston Partners Acquires 1,966,706 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Boston Partners grew its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 25.1% in the fourth quarter, Holdings Channel reports. The firm owned 9,797,883 shares of the company’s stock after buying an additional 1,966,706 shares during the quarter. Boston Partners owned 0.07% of Resideo Technologies worth $225,865,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of REZI. Horizon Kinetics Asset Management LLC boosted its stake in shares of Resideo Technologies by 32.3% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 87,112 shares of the company’s stock worth $1,754,000 after buying an additional 21,266 shares during the last quarter. Citigroup Inc. boosted its stake in shares of Resideo Technologies by 47.5% in the 3rd quarter. Citigroup Inc. now owns 197,142 shares of the company’s stock worth $3,970,000 after buying an additional 63,501 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Resideo Technologies by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,007,980 shares of the company’s stock worth $20,301,000 after buying an additional 143,452 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Resideo Technologies by 98.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 621,560 shares of the company’s stock worth $12,518,000 after buying an additional 308,060 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Resideo Technologies by 358.9% in the 3rd quarter. Barclays PLC now owns 262,698 shares of the company’s stock worth $5,290,000 after buying an additional 205,453 shares during the last quarter. Institutional investors own 91.71% of the company’s stock.

Resideo Technologies Stock Performance

REZI stock opened at $17.44 on Wednesday. The company has a market cap of $2.58 billion, a P/E ratio of 27.68 and a beta of 2.32. Resideo Technologies, Inc. has a 1 year low of $16.88 and a 1 year high of $28.28. 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 stock’s fifty day moving average price is $20.89 and its 200-day moving average price is $21.93.

Resideo Technologies (NYSE:REZI) last released its earnings results on Thursday, February 20th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.08). The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. On average, equities analysts forecast that Resideo Technologies, Inc. will post 2.13 earnings per share for the current 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.