Resideo Technologies Inc (NYSE:REZI) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its holdings in shares of Resideo Technologies Inc (NYSE:REZI) by 33.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 319,239 shares of the company’s stock after selling 160,198 shares during the quarter. Russell Investments Group Ltd. owned about 0.26% of Resideo Technologies worth $4,581,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of REZI. Crossmark Global Holdings Inc. increased its stake in shares of Resideo Technologies by 2.7% during the second quarter. Crossmark Global Holdings Inc. now owns 20,707 shares of the company’s stock worth $454,000 after buying an additional 539 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Resideo Technologies by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 49,693 shares of the company’s stock worth $1,089,000 after buying an additional 703 shares during the period. Arizona State Retirement System increased its stake in shares of Resideo Technologies by 0.9% during the second quarter. Arizona State Retirement System now owns 89,052 shares of the company’s stock worth $1,952,000 after buying an additional 754 shares during the period. Captrust Financial Advisors increased its stake in shares of Resideo Technologies by 84.6% during the second quarter. Captrust Financial Advisors now owns 1,663 shares of the company’s stock worth $36,000 after buying an additional 762 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Resideo Technologies by 0.4% during the second quarter. UBS Asset Management Americas Inc. now owns 193,615 shares of the company’s stock worth $4,244,000 after buying an additional 860 shares during the period. 79.54% of the stock is currently owned by institutional investors and hedge funds.

REZI has been the topic of a number of recent research reports. Oppenheimer lowered shares of Resideo Technologies from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 23rd. Bank of America lowered shares of Resideo Technologies from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 23rd. Imperial Capital cut their target price on shares of Resideo Technologies from $25.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Zacks Investment Research lowered shares of Resideo Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, October 26th. Finally, ValuEngine upgraded shares of Resideo Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $20.00.

In related news, CFO Robert P. Ryder purchased 22,900 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were bought at an average cost of $8.81 per share, for a total transaction of $201,749.00. Following the completion of the purchase, the chief financial officer now directly owns 22,900 shares of the company’s stock, valued at approximately $201,749. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nina Richardson purchased 4,920 shares of the company’s stock in a transaction on Monday, November 18th. The stock was bought at an average price of $10.12 per share, for a total transaction of $49,790.40. Following the completion of the purchase, the director now directly owns 4,920 shares of the company’s stock, valued at $49,790.40. The disclosure for this purchase can be found here. Insiders acquired 33,751 shares of company stock worth $312,256 over the last quarter. 0.09% of the stock is currently owned by insiders.

Shares of Resideo Technologies stock opened at $9.89 on Tuesday. The firm has a market capitalization of $1.16 billion and a P/E ratio of 4.00. Resideo Technologies Inc has a 52 week low of $8.60 and a 52 week high of $26.40. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 0.74. The firm’s 50 day moving average is $11.83 and its two-hundred day moving average is $16.97.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.04). The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Resideo Technologies had a net margin of 1.23% and a return on equity of 7.63%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.53 earnings per share. As a group, research analysts expect that Resideo Technologies Inc will post 0.87 earnings per share for the current fiscal year.

Resideo Technologies Profile

Resideo Technologies, Inc provides critical comfort, thermal, and security solutions primarily in residential environments in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and Global Distribution. It offers home products, services, and technologies, including temperature and humidity control, water, air, remote patient monitoring software, and software solutions; and residential thermal solutions, such as boiler products, storage gas water heating solutions, ducted solutions, and thermal adjacency solutions.

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

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