Brandywine Global Investment Management LLC Sells 19,200 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Brandywine Global Investment Management LLC lessened its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 419,710 shares of the company’s stock after selling 19,200 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.29% of Resideo Technologies worth $9,674,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its stake in shares of Resideo Technologies by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,545,865 shares of the company’s stock valued at $31,134,000 after purchasing an additional 54,508 shares during the period. Citigroup Inc. grew its position in shares of Resideo Technologies by 47.5% during the 3rd quarter. Citigroup Inc. now owns 197,142 shares of the company’s stock valued at $3,970,000 after purchasing an additional 63,501 shares in the last quarter. FMR LLC raised its position in shares of Resideo Technologies by 22.7% in the third quarter. FMR LLC now owns 165,001 shares of the company’s stock worth $3,323,000 after buying an additional 30,538 shares in the last quarter. Martingale Asset Management L P grew its position in Resideo Technologies by 17.9% during the third quarter. Martingale Asset Management L P now owns 61,322 shares of the company’s stock worth $1,235,000 after buying an additional 9,304 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new position in Resideo Technologies during the third quarter worth about $213,000. 91.71% of the stock is owned by hedge funds and other institutional investors.

Resideo Technologies Stock Performance

NYSE:REZI opened at $17.69 on Tuesday. Resideo Technologies, Inc. has a twelve month low of $16.88 and a twelve month high of $28.28. 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 stock has a market cap of $2.62 billion, a P/E ratio of 28.08 and a beta of 2.32. The business’s 50-day moving average price is $20.09 and its two-hundred day moving average price is $21.89.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.51 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 analysts’ expectations of $1.84 billion. Resideo Technologies had a return on equity of 11.12% and a net margin of 1.69%. As a group, equities analysts predict that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal 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.