Prudential Financial Inc. Boosts Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Prudential Financial Inc. lifted its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 11.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,917,221 shares of the company’s stock after buying an additional 192,511 shares during the quarter. Prudential Financial Inc. owned about 1.30% of Resideo Technologies worth $44,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Resideo Technologies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 16,137,439 shares of the company’s stock valued at $371,968,000 after acquiring an additional 75,940 shares in the last quarter. Boston Partners lifted its stake in shares of Resideo Technologies by 25.1% in the 4th quarter. Boston Partners now owns 9,797,883 shares of the company’s stock valued at $225,865,000 after purchasing an additional 1,966,706 shares during the period. State Street Corp boosted its position in shares of Resideo Technologies by 2.0% during the third 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 in the last quarter. Pacer Advisors Inc. purchased a new stake in Resideo Technologies in the fourth quarter worth $122,145,000. Finally, Geode Capital Management LLC raised its holdings in Resideo Technologies by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,363,750 shares of the company’s stock worth $67,759,000 after purchasing an additional 26,000 shares in the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Resideo Technologies Stock Performance

Shares of REZI stock opened at $18.46 on Wednesday. The company’s fifty day moving average price is $20.48 and its 200-day moving average price is $21.90. The stock has a market cap of $2.73 billion, a PE ratio of 29.30 and a beta of 2.32. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. Resideo Technologies, Inc. has a 12 month low of $16.88 and a 12 month high of $28.28.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.08). Resideo Technologies had a return on equity of 11.12% and a net margin of 1.69%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. On average, equities analysts expect 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.