1,541,941 Shares in Resideo Technologies, Inc. (NYSE:REZI) Acquired by Federated Hermes Inc.

Federated Hermes Inc. purchased a new stake in shares of Resideo Technologies, Inc. (NYSE:REZI) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 1,541,941 shares of the company’s stock, valued at approximately $35,542,000.

Several other institutional investors also recently bought and sold shares of the business. CIBC Asset Management Inc lifted its holdings in shares of Resideo Technologies by 4.5% during the 4th quarter. CIBC Asset Management Inc now owns 14,546 shares of the company’s stock valued at $335,000 after acquiring an additional 624 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Resideo Technologies by 19.8% in the fourth quarter. GAMMA Investing LLC now owns 3,918 shares of the company’s stock worth $90,000 after buying an additional 647 shares during the period. Highland Capital Management LLC boosted its position in shares of Resideo Technologies by 6.5% in the fourth quarter. Highland Capital Management LLC now owns 10,854 shares of the company’s stock worth $250,000 after buying an additional 666 shares during the period. Blue Trust Inc. grew its stake in shares of Resideo Technologies by 28.9% in the fourth quarter. Blue Trust Inc. now owns 3,241 shares of the company’s stock valued at $75,000 after buying an additional 726 shares in the last quarter. Finally, Nilsine Partners LLC lifted its position in Resideo Technologies by 8.6% during the 4th quarter. Nilsine Partners LLC now owns 15,607 shares of the company’s stock worth $360,000 after acquiring an additional 1,234 shares in the last quarter. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Resideo Technologies Stock Up 0.0 %

NYSE REZI opened at $15.63 on Tuesday. The stock has a market cap of $2.31 billion, a PE ratio of 24.80 and a beta of 2.04. The business has a 50 day moving average price of $19.45 and a two-hundred day moving average price of $21.81. Resideo Technologies, Inc. has a fifty-two week low of $14.71 and a fifty-two week high of $28.28. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.08). Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. As a group, sell-side analysts predict that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

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.