Hennion & Walsh Asset Management Inc. Buys Shares of 11,282 Resideo Technologies, Inc. (NYSE:REZI)

Hennion & Walsh Asset Management Inc. bought a new stake in Resideo Technologies, Inc. (NYSE:REZI) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,282 shares of the company’s stock, valued at approximately $253,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in REZI. Norges Bank acquired a new stake in shares of Resideo Technologies during the 4th quarter worth approximately $29,610,000. Dimensional Fund Advisors LP grew its holdings in shares of Resideo Technologies by 9.7% during the 4th 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. Assenagon Asset Management S.A. grew its holdings in shares of Resideo Technologies by 1,562.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 478,900 shares of the company’s stock worth $9,013,000 after purchasing an additional 450,087 shares in the last quarter. Foundry Partners LLC acquired a new stake in shares of Resideo Technologies during the 4th quarter worth approximately $3,993,000. Finally, Tudor Investment Corp Et Al grew its holdings in shares of Resideo Technologies by 662.9% during the 3rd quarter. Tudor Investment Corp Et Al now owns 193,492 shares of the company’s stock worth $3,057,000 after purchasing an additional 168,130 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

Insider Activity at Resideo Technologies

In related news, Director Nina Richardson sold 5,578 shares of the business’s 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 owns 51,311 shares of the company’s stock, valued at approximately $1,094,463.63. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Resideo Technologies news, Director Nina Richardson sold 5,578 shares of Resideo Technologies 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 completion of the transaction, the director now owns 51,311 shares in the company, valued at approximately $1,094,463.63. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Tina M. Beskid sold 3,310 shares of Resideo Technologies stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 64,960 shares of the company’s stock, valued at approximately $1,394,041.60. 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 in the last 90 days. 1.50% of the stock is owned by corporate insiders.

Resideo Technologies Price Performance

Shares of NYSE:REZI opened at $19.44 on Friday. Resideo Technologies, Inc. has a 1-year low of $14.19 and a 1-year high of $23.21. The firm has a market capitalization of $2.84 billion, a PE ratio of 14.62 and a beta of 2.12. The business’s 50 day moving average is $20.54 and its 200-day moving average is $20.11. The company has a current ratio of 1.93, a quick ratio of 1.26 and a debt-to-equity ratio of 0.50.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.47 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%. Resideo Technologies’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 EPS. Sell-side analysts predict that Resideo Technologies, Inc. will post 1.87 earnings per share for the current year.

Resideo Technologies Profile

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.