Gamco Investors INC. ET AL Has $13.88 Million Stock Position in Resideo Technologies, Inc. (NYSE:REZI)

Gamco Investors INC. ET AL reduced its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 7.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 786,029 shares of the company’s stock after selling 63,137 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Resideo Technologies were worth $13,881,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ellevest Inc. boosted its stake in shares of Resideo Technologies by 2,371.1% during the 1st quarter. Ellevest Inc. now owns 2,051 shares of the company’s stock worth $37,000 after acquiring an additional 1,968 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Resideo Technologies by 72.5% during the 1st quarter. Parkside Financial Bank & Trust now owns 2,467 shares of the company’s stock worth $59,000 after acquiring an additional 1,037 shares during the period. Dark Forest Capital Management LP boosted its stake in Resideo Technologies by 687.2% in the 1st quarter. Dark Forest Capital Management LP now owns 2,897 shares of the company’s stock valued at $53,000 after purchasing an additional 2,529 shares during the period. Tower Research Capital LLC TRC boosted its stake in Resideo Technologies by 825.1% in the 1st quarter. Tower Research Capital LLC TRC now owns 4,681 shares of the company’s stock valued at $86,000 after purchasing an additional 4,175 shares during the period. Finally, Signaturefd LLC boosted its stake in Resideo Technologies by 18.1% in the 1st quarter. Signaturefd LLC now owns 4,986 shares of the company’s stock valued at $91,000 after purchasing an additional 764 shares during the period. 90.59% of the stock is currently owned by institutional investors.

Resideo Technologies Stock Performance

REZI opened at $16.50 on Tuesday. The business has a fifty day simple moving average of $15.59 and a 200 day simple moving average of $16.53. The company has a market capitalization of $2.41 billion, a PE ratio of 14.73 and a beta of 1.95. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.78 and a quick ratio of 1.12. Resideo Technologies, Inc. has a 1 year low of $14.19 and a 1 year high of $20.16.

Resideo Technologies (NYSE:REZI) last released its earnings results on Wednesday, November 1st. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.16. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.54 billion. Resideo Technologies had a return on equity of 7.96% and a net margin of 2.67%. The company’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 EPS. Research analysts expect that Resideo Technologies, Inc. will post 1.48 EPS for the current year.

Insider Activity

In other news, insider Phillip L. Theodore sold 20,000 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $16.45, for a total transaction of $329,000.00. Following the completion of the sale, the insider now directly owns 149,855 shares in the company, valued at approximately $2,465,114.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on REZI. Morgan Stanley reduced their price target on Resideo Technologies from $21.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, August 4th. TheStreet downgraded Resideo Technologies from a “b-” rating to a “c+” rating in a research note on Thursday, October 19th.

About Resideo Technologies

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.