Charles Schwab Investment Management Inc. Increases Position in Resideo Technologies, Inc. (NYSE:REZI)

Charles Schwab Investment Management Inc. raised its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,645,390 shares of the company’s stock after buying an additional 99,525 shares during the period. Charles Schwab Investment Management Inc. owned about 1.12% of Resideo Technologies worth $37,926,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of REZI. Pacer Advisors Inc. purchased a new stake in shares of Resideo Technologies in the fourth quarter valued at approximately $122,145,000. Weiss Asset Management LP purchased a new stake in shares of Resideo Technologies in the third quarter valued at approximately $9,217,000. Beaconlight Capital LLC boosted its holdings in shares of Resideo Technologies by 64.9% in the third quarter. Beaconlight Capital LLC now owns 1,088,926 shares of the company’s stock valued at $21,931,000 after purchasing an additional 428,669 shares during the period. Pembroke Management LTD boosted its holdings in shares of Resideo Technologies by 126.8% in the fourth quarter. Pembroke Management LTD now owns 667,421 shares of the company’s stock valued at $15,384,000 after purchasing an additional 373,133 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in Resideo Technologies by 98.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 621,560 shares of the company’s stock worth $12,518,000 after buying an additional 308,060 shares during the period. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Resideo Technologies Stock Up 3.2 %

Resideo Technologies stock opened at $17.46 on Friday. The business has a fifty day moving average of $21.10 and a two-hundred day moving average of $21.95. 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 firm has a market cap of $2.58 billion, a P/E ratio of 27.71 and a beta of 2.32. Resideo Technologies, Inc. has a twelve month low of $16.88 and a twelve month high of $28.28.

Resideo Technologies (NYSE:REZI) last posted its 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). The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Resideo Technologies had a return on equity of 11.12% and a net margin of 1.69%. On average, analysts forecast that Resideo Technologies, Inc. will post 2.13 earnings per share for the current fiscal year.

About Resideo Technologies

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.