2 weeks Ago By ABMN Staff
Wells Fargo & Company MN cut its position in shares of Resideo Technologies, Inc. ( NYSE:REZI – Free Report ) by 32.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The fund owned 134,710 shares of the company’s stock after selling 63,770 shares during the quarter. Wells Fargo & Company MN’s holdings in Resideo Technologies were worth $3,105,000 at the end of the most recent quarter. Other large investors also recently modified their holdings of the company.
Pictet Asset Management Holding SA grew its position in Resideo Technologies by 15.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 20,285 shares of the company’s stock valued at $468,000 after acquiring an additional 2,757 shares in the last quarter.
Norges Bank acquired a new stake in Resideo Technologies during the 4th quarter valued at $40,596,000. JPMorgan Chase & Co. grew its holdings in Resideo Technologies by 7.
0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,078,735 shares of the company’s stock valued at $24,865,000 after purchasing an additional 70,755 shares in the last quarter.
Banco BTG Pactual S.A. purchased a new stake in Resideo Technologies during the 4th quarter worth $307,000.
Finally, Segall Bryant & Hamill LLC lifted its holdings in Resideo Technologies by 4.4% in the 4th quarter. Segall Bryant & Hamill LLC now owns 183,128 shares of the company’s stock worth $4,221,000 after buying an additional 7,688 shares in the last quarter.
91.71% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth Separately, JPMorgan Chase & Co.
downgraded Resideo Technologies from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $31.00 to $16.00 in a report on Tuesday.
Resideo Technologies Stock Up 1.8 % REZI stock opened at $15.43 on Thursday.
The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.
69. The firm has a 50 day simple moving average of $17.60 and a 200-day simple moving average of $21.
36. The company has a market capitalization of $2.28 billion, a P/E ratio of 24.
49 and a beta of 2.04. Resideo Technologies, Inc.
has a twelve month low of $14.18 and a twelve month high of $28.28.
Resideo Technologies ( NYSE:REZI – Get Free Report ) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.
59 by ($0.08). The company had revenue of $1.
86 billion for the quarter, compared to analyst estimates of $1.84 billion. Resideo Technologies had a return on equity of 11.
12% and a net margin of 1.69%. On average, equities research analysts predict that Resideo Technologies, Inc.
will post 2.13 earnings per share for the current fiscal year. Resideo Technologies Company Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding REZI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Resideo Technologies, Inc.
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