Corebridge Financial Inc. Reduces Stock Position in Resideo Technologies, Inc. (NYSE:REZI)

Corebridge Financial Inc. trimmed its position in Resideo Technologies, Inc. (NYSE:REZI) by 7.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,798 shares of the company’s stock after selling 6,053 shares during the quarter. Corebridge Financial Inc. owned about 0.05% of Resideo Technologies worth $1,793,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. CIBC Asset Management Inc raised its position in Resideo Technologies by 4.5% during the 4th quarter. CIBC Asset Management Inc now owns 14,546 shares of the company’s stock worth $335,000 after buying an additional 624 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Resideo Technologies by 19.8% during the fourth quarter. GAMMA Investing LLC now owns 3,918 shares of the company’s stock worth $90,000 after purchasing an additional 647 shares during the last quarter. Highland Capital Management LLC raised its holdings in shares of Resideo Technologies by 6.5% during the fourth quarter. Highland Capital Management LLC now owns 10,854 shares of the company’s stock worth $250,000 after purchasing an additional 666 shares during the last quarter. Blue Trust Inc. boosted its holdings in Resideo Technologies by 28.9% in the fourth quarter. Blue Trust Inc. now owns 3,241 shares of the company’s stock valued at $75,000 after purchasing an additional 726 shares during the last quarter. Finally, Nilsine Partners LLC grew its position in Resideo Technologies by 8.6% during the 4th quarter. Nilsine Partners LLC now owns 15,607 shares of the company’s stock worth $360,000 after purchasing an additional 1,234 shares during the period. Institutional investors and hedge funds own 91.71% of the company’s stock.

Resideo Technologies Stock Performance

NYSE REZI opened at $18.61 on Thursday. Resideo Technologies, Inc. has a fifty-two week low of $16.88 and a fifty-two week high of $28.28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82. The firm has a market capitalization of $2.75 billion, a P/E ratio of 29.54 and a beta of 2.32. The stock has a 50-day simple moving average of $19.89 and a two-hundred day simple moving average of $21.86.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.08). The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. On average, equities analysts forecast that Resideo Technologies, Inc. will post 2.13 earnings per share for the current 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.