Resideo Technologies, Inc. (NYSE:REZI) Stock Holdings Reduced by Praesidium Investment Management Company LLC

Praesidium Investment Management Company LLC decreased its position in Resideo Technologies, Inc. (NYSE:REZI) by 4.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,298,723 shares of the company’s stock after selling 427,433 shares during the period. Resideo Technologies comprises approximately 12.1% of Praesidium Investment Management Company LLC’s portfolio, making the stock its 2nd biggest holding. Praesidium Investment Management Company LLC owned 5.77% of Resideo Technologies worth $234,439,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of REZI. Los Angeles Capital Management LLC purchased a new position in Resideo Technologies in the fourth quarter valued at approximately $1,371,000. Koshinski Asset Management Inc. purchased a new position in Resideo Technologies in the fourth quarter valued at approximately $166,000. Renaissance Technologies LLC purchased a new position in Resideo Technologies in the fourth quarter valued at approximately $4,926,000. Teacher Retirement System of Texas purchased a new stake in shares of Resideo Technologies during the fourth quarter worth $263,000. Finally, Northern Trust Corp lifted its position in shares of Resideo Technologies by 7.4% during the fourth quarter. Northern Trust Corp now owns 1,625,278 shares of the company’s stock worth $34,554,000 after acquiring an additional 111,771 shares in the last quarter. Institutional investors and hedge funds own 91.26% of the company’s stock.

REZI has been the topic of several recent research reports. Zacks Investment Research downgraded Resideo Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, July 17th. TheStreet upgraded Resideo Technologies from a “d+” rating to a “c-” rating in a research report on Monday, March 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.20.

REZI traded down $0.68 on Thursday, hitting $28.31. The company had a trading volume of 21,470 shares, compared to its average volume of 682,688. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.54 and a quick ratio of 1.06. Resideo Technologies, Inc. has a 52-week low of $9.79 and a 52-week high of $32.80. The business has a fifty day simple moving average of $29.56. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 38.65 and a beta of 2.57.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings data on Thursday, May 6th. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.38). Resideo Technologies had a return on equity of 13.76% and a net margin of 2.01%. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the business earned ($0.17) earnings per share. The business’s quarterly revenue was up 18.7% on a year-over-year basis. On average, analysts anticipate that Resideo Technologies, Inc. will post 1.42 earnings per share for the current year.

In other Resideo Technologies news, Director Nina Richardson sold 2,120 shares of the firm’s stock in a transaction that occurred on Monday, July 12th. The shares were sold at an average price of $29.63, for a total transaction of $62,815.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is currently owned by company insiders.

Resideo Technologies Company Profile

Resideo Technologies, Inc develops, manufactures, and sells comfort, residential thermal, and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products & Solutions, and ADI Global Distribution.

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Institutional Ownership by Quarter for Resideo Technologies (NYSE:REZI)

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