Resideo Technologies, Inc. (NYSE:REZI) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its position in shares of Resideo Technologies, Inc. (NYSE:REZIFree Report) by 12.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,546 shares of the company’s stock after selling 2,071 shares during the period. PNC Financial Services Group Inc.’s holdings in Resideo Technologies were worth $274,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Resideo Technologies by 0.3% during the third quarter. Vanguard Group Inc. now owns 16,033,493 shares of the company’s stock worth $253,329,000 after purchasing an additional 51,921 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of Resideo Technologies by 9.9% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 8,253,726 shares of the company’s stock worth $130,409,000 after purchasing an additional 744,403 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Resideo Technologies by 9.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,860,246 shares of the company’s stock worth $129,111,000 after purchasing an additional 609,176 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of Resideo Technologies by 23.7% during the third quarter. Pzena Investment Management LLC now owns 4,815,603 shares of the company’s stock worth $76,087,000 after purchasing an additional 921,631 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Resideo Technologies by 6.5% during the third quarter. Clearbridge Investments LLC now owns 2,722,551 shares of the company’s stock worth $43,016,000 after purchasing an additional 167,145 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

Insider Buying and Selling

In other Resideo Technologies news, CAO Tina M. Beskid sold 7,057 shares of Resideo Technologies stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $21.67, for a total value of $152,925.19. Following the sale, the chief accounting officer now owns 52,824 shares of the company’s stock, valued at approximately $1,144,696.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Resideo Technologies news, CAO Tina M. Beskid sold 3,310 shares of Resideo Technologies stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $21.46, for a total value of $71,032.60. Following the sale, the chief accounting officer now owns 64,960 shares of the company’s stock, valued at approximately $1,394,041.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Tina M. Beskid sold 7,057 shares of Resideo Technologies stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $21.67, for a total value of $152,925.19. Following the completion of the sale, the chief accounting officer now directly owns 52,824 shares in the company, valued at approximately $1,144,696.08. The disclosure for this sale can be found here. Insiders have sold a total of 15,945 shares of company stock valued at $342,937 over the last quarter. 1.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised Resideo Technologies from a “c+” rating to a “b-” rating in a report on Wednesday, February 28th.

Check Out Our Latest Research Report on REZI

Resideo Technologies Stock Performance

NYSE REZI opened at $21.10 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.93 and a debt-to-equity ratio of 0.50. Resideo Technologies, Inc. has a 52-week low of $14.19 and a 52-week high of $23.21. The business’s 50-day moving average price is $21.09 and its 200 day moving average price is $19.72. The firm has a market cap of $3.08 billion, a P/E ratio of 15.86 and a beta of 2.14.

Resideo Technologies (NYSE:REZIGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.14. Resideo Technologies had a return on equity of 9.26% and a net margin of 3.17%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the company posted $0.39 earnings per share. The business’s revenue was down 4.1% on a year-over-year basis. On average, equities research analysts expect that Resideo Technologies, Inc. will post 1.87 earnings per share for the current 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.

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

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