Hennion & Walsh Asset Management Inc. Makes New Investment in Resideo Technologies, Inc. (NYSE:REZI)

Hennion & Walsh Asset Management Inc. purchased a new position in Resideo Technologies, Inc. (NYSE:REZIFree Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 11,282 shares of the company’s stock, valued at approximately $253,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Trexquant Investment LP purchased a new position in Resideo Technologies in the 4th quarter worth approximately $929,000. ARGA Investment Management LP boosted its stake in shares of Resideo Technologies by 357.8% during the 4th quarter. ARGA Investment Management LP now owns 103,440 shares of the company’s stock valued at $1,947,000 after buying an additional 80,844 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Resideo Technologies by 648.2% during the 4th quarter. International Assets Investment Management LLC now owns 1,863 shares of the company’s stock valued at $35,000 after buying an additional 1,614 shares during the last quarter. Invenomic Capital Management LP purchased a new position in shares of Resideo Technologies during the 4th quarter valued at approximately $3,065,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Resideo Technologies during the 3rd quarter valued at approximately $1,200,000. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Resideo Technologies Stock Performance

Resideo Technologies stock opened at $19.44 on Friday. The stock has a market cap of $2.84 billion, a P/E ratio of 14.62 and a beta of 2.12. The company has a current ratio of 1.93, a quick ratio of 1.26 and a debt-to-equity ratio of 0.50. The stock has a 50 day moving average of $20.54 and a 200-day moving average of $20.11. Resideo Technologies, Inc. has a 52 week low of $14.19 and a 52 week high of $23.21.

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

Insider Activity at Resideo Technologies

In related news, CAO Tina M. Beskid sold 3,310 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $21.46, for a total transaction of $71,032.60. Following the sale, the chief accounting officer now directly owns 64,960 shares of the company’s stock, valued at approximately $1,394,041.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Resideo Technologies news, Director Nina Richardson sold 5,578 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $21.33, for a total value of $118,978.74. Following the sale, the director now directly owns 51,311 shares of the company’s stock, valued at $1,094,463.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Tina M. Beskid sold 3,310 shares of the stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 64,960 shares in the company, valued at $1,394,041.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,945 shares of company stock valued at $342,937. Corporate insiders own 1.50% of the company’s stock.

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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