Assenagon Asset Management S.A. Trims Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Assenagon Asset Management S.A. cut its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 6.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 527,353 shares of the company’s stock after selling 38,920 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.36% of Resideo Technologies worth $10,315,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trexquant Investment LP bought a new position in Resideo Technologies during the 4th quarter valued at about $929,000. Foundry Partners LLC lifted its stake in Resideo Technologies by 11.6% during the 1st quarter. Foundry Partners LLC now owns 236,774 shares of the company’s stock valued at $5,308,000 after acquiring an additional 24,580 shares during the period. ARGA Investment Management LP lifted its stake in 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 acquiring an additional 80,844 shares during the period. UniSuper Management Pty Ltd bought a new position in Resideo Technologies during the 1st quarter valued at about $694,000. Finally, Boston Partners lifted its stake in shares of Resideo Technologies by 3.0% in the 1st quarter. Boston Partners now owns 6,700,564 shares of the company’s stock worth $150,177,000 after purchasing an additional 193,351 shares during the period. 91.71% of the stock is owned by hedge funds and other institutional investors.

Resideo Technologies Stock Performance

Shares of NYSE:REZI traded down $0.04 during trading on Friday, hitting $18.86. The company’s stock had a trading volume of 714,082 shares, compared to its average volume of 849,444. The company has a 50-day moving average of $20.10 and a 200-day moving average of $20.68. Resideo Technologies, Inc. has a 12 month low of $14.19 and a 12 month high of $23.43. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.81 and a quick ratio of 1.06. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 14.18 and a beta of 2.12.

Resideo Technologies (NYSE:REZI) last released its earnings results on Thursday, August 8th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.20. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.53 billion. Resideo Technologies had a net margin of 2.85% and a return on equity of 10.32%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 EPS. On average, sell-side analysts expect that Resideo Technologies, Inc. will post 1.87 earnings per share for the current year.

Insider Buying and Selling

In other Resideo Technologies news, CAO Tina M. Beskid sold 7,057 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $21.67, for a total transaction of $152,925.19. Following the completion of the sale, the chief accounting officer now directly owns 52,824 shares of the company’s stock, valued at approximately $1,144,696.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Evercore ISI initiated coverage on shares of Resideo Technologies in a research note on Friday, August 9th. They issued an “outperform” rating and a $25.00 price objective on the stock.

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.