Covestor Ltd Has $91,000 Stock Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Covestor Ltd reduced its stake in Resideo Technologies, Inc. (NYSE:REZI) by 20.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,062 shares of the company’s stock after selling 1,073 shares during the period. Covestor Ltd’s holdings in Resideo Technologies were worth $91,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of REZI. Vanguard Group Inc. increased its stake 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 during the period. Assenagon Asset Management S.A. raised its position in shares of Resideo Technologies by 1,562.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 478,900 shares of the company’s stock valued at $9,013,000 after buying an additional 450,087 shares in the last quarter. International Assets Investment Management LLC grew its position in Resideo Technologies by 648.2% during the fourth quarter. International Assets Investment Management LLC now owns 1,863 shares of the company’s stock worth $35,000 after buying an additional 1,614 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in Resideo Technologies during the 4th quarter worth $402,000. Finally, Louisiana State Employees Retirement System bought a new position in Resideo Technologies in the 4th quarter valued at about $1,374,000. Institutional investors and hedge funds own 91.71% of the company’s stock.

Resideo Technologies Price Performance

Shares of Resideo Technologies stock traded down $0.01 on Wednesday, reaching $22.05. 154,701 shares of the stock were exchanged, compared to its average volume of 828,428. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.26 and a current ratio of 1.93. The firm has a market cap of $3.22 billion, a PE ratio of 16.50 and a beta of 2.12. The firm’s 50 day moving average is $20.53 and its 200-day moving average is $20.33. Resideo Technologies, Inc. has a one year low of $14.19 and a one year high of $23.21.

Resideo Technologies (NYSE:REZI) last released its earnings results on Thursday, May 2nd. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the company earned $0.39 earnings per share. The company’s quarterly revenue was down 4.1% on a year-over-year basis. As a group, analysts anticipate that Resideo Technologies, Inc. will post 1.87 EPS for the current fiscal year.

Insider Buying and Selling

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

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.