Legal & General Group Plc Acquires 818 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Legal & General Group Plc boosted its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 0.2% in the fourth quarter, Holdings Channel reports. The firm owned 412,358 shares of the company’s stock after purchasing an additional 818 shares during the quarter. Legal & General Group Plc’s holdings in Resideo Technologies were worth $9,505,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its position in shares of Resideo Technologies by 22.6% during the 4th quarter. Invesco Ltd. now owns 988,890 shares of the company’s stock worth $22,794,000 after buying an additional 182,197 shares during the period. Bank of Montreal Can lifted its holdings in shares of Resideo Technologies by 11.6% during the fourth quarter. Bank of Montreal Can now owns 17,205 shares of the company’s stock valued at $397,000 after acquiring an additional 1,788 shares during the period. Polymer Capital Management US LLC acquired a new stake in shares of Resideo Technologies in the 4th quarter valued at $205,000. Federated Hermes Inc. bought a new stake in shares of Resideo Technologies in the 4th quarter worth about $35,542,000. Finally, Envestnet Asset Management Inc. increased its position in shares of Resideo Technologies by 26.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 104,813 shares of the company’s stock worth $2,416,000 after purchasing an additional 22,214 shares in the last quarter. 91.71% of the stock is owned by institutional investors and hedge funds.

Resideo Technologies Trading Up 3.7 %

Shares of REZI stock opened at $15.81 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $2.34 billion, a P/E ratio of 25.09 and a beta of 2.04. Resideo Technologies, Inc. has a 12-month low of $14.18 and a 12-month high of $28.28. The firm has a 50-day moving average price of $18.11 and a 200 day moving average price of $21.47.

Resideo Technologies (NYSE:REZI) last announced its earnings results 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 during the quarter, compared to analyst estimates of $1.84 billion. Research analysts forecast that Resideo Technologies, Inc. will post 2.13 earnings per share 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.