Fisher Asset Management LLC purchased a new position in Resideo Technologies, Inc. (NYSE:REZI – Get Rating) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 386,401 shares of the company’s stock, valued at approximately $6,356,000. Fisher Asset Management LLC owned about 0.26% of Resideo Technologies at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of REZI. Ariel Investments LLC increased its position in Resideo Technologies by 48.9% during the first quarter. Ariel Investments LLC now owns 8,889,988 shares of the company’s stock worth $211,848,000 after buying an additional 2,918,450 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Resideo Technologies by 13.8% during the first quarter. Dimensional Fund Advisors LP now owns 3,922,481 shares of the company’s stock worth $93,477,000 after buying an additional 474,448 shares during the last quarter. Freshford Capital Management LLC increased its position in Resideo Technologies by 13.6% during the third quarter. Freshford Capital Management LLC now owns 3,023,371 shares of the company’s stock worth $57,625,000 after buying an additional 361,284 shares during the last quarter. Vanguard Group Inc. increased its position in Resideo Technologies by 2.1% during the first quarter. Vanguard Group Inc. now owns 15,677,719 shares of the company’s stock worth $373,600,000 after buying an additional 326,608 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its position in Resideo Technologies by 6.6% during the third quarter. Neuberger Berman Group LLC now owns 3,937,182 shares of the company’s stock worth $75,139,000 after buying an additional 244,625 shares during the last quarter. 91.99% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
REZI has been the topic of several research analyst reports. Morgan Stanley lowered their price target on Resideo Technologies from $26.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 18th. TheStreet raised Resideo Technologies from a “c+” rating to a “b-” rating in a research report on Tuesday, February 21st. Finally, William Blair reaffirmed a “market perform” rating on shares of Resideo Technologies in a research report on Wednesday, February 15th.
Resideo Technologies Stock Down 4.0 %
Resideo Technologies (NYSE:REZI – Get Rating) last released its earnings results on Wednesday, February 15th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.11). Resideo Technologies had a net margin of 4.44% and a return on equity of 11.69%. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the business posted $0.45 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. On average, research analysts forecast that Resideo Technologies, Inc. will post 2.01 EPS for the current year.
Insider Activity at Resideo Technologies
In related news, Director Nina Richardson sold 3,458 shares of the stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $18.78, for a total value of $64,941.24. Following the completion of the sale, the director now owns 47,731 shares in the company, valued at $896,388.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Resideo Technologies news, EVP Jeannine J. Lane sold 14,903 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $18.39, for a total transaction of $274,066.17. Following the completion of the transaction, the executive vice president now owns 118,600 shares in the company, valued at $2,181,054. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Nina Richardson sold 3,458 shares of the firm’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $18.78, for a total transaction of $64,941.24. Following the transaction, the director now owns 47,731 shares of the company’s stock, valued at approximately $896,388.18. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.
Resideo Technologies Company Profile
Resideo Technologies, Inc operates as a manufacturer and developer of technology-driven products and components that provide critical comfort, energy management, and safety and security solutions. It operates through the Products and Solutions and ADI Global Distribution segments. The Products and Solutions segment includes temperature and humidity control, energy products and solutions, water and air solutions, smoke and carbon monoxide detection home safety products, security panels, sensors, peripherals, wire and cable, communications devices, video cameras, other home-related lifestyle convenience solutions, cloud infrastructure, installation and maintenance tools, and related software.
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