R Squared Ltd Takes Position in Resideo Technologies, Inc. (NYSE:REZI)

R Squared Ltd bought a new stake in Resideo Technologies, Inc. (NYSE:REZI) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 1,300 shares of the company’s stock, valued at approximately $30,000.

Several other institutional investors also recently modified their holdings of the business. Quest Partners LLC grew its holdings in shares of Resideo Technologies by 2.3% in the third quarter. Quest Partners LLC now owns 22,045 shares of the company’s stock valued at $444,000 after acquiring an additional 505 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Resideo Technologies by 19.8% in the fourth quarter. GAMMA Investing LLC now owns 3,918 shares of the company’s stock valued at $90,000 after acquiring an additional 647 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Resideo Technologies by 28.9% in the fourth quarter. Blue Trust Inc. now owns 3,241 shares of the company’s stock valued at $75,000 after acquiring an additional 726 shares in the last quarter. Nilsine Partners LLC grew its holdings in shares of Resideo Technologies by 8.6% in the fourth quarter. Nilsine Partners LLC now owns 15,607 shares of the company’s stock valued at $360,000 after acquiring an additional 1,234 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Resideo Technologies by 9.2% in the third quarter. Nisa Investment Advisors LLC now owns 18,535 shares of the company’s stock valued at $373,000 after acquiring an additional 1,557 shares in the last quarter. 91.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Robert B. Aarnes sold 98,829 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $26.16, for a total value of $2,585,366.64. Following the sale, the insider now directly owns 458,928 shares of the company’s stock, valued at $12,005,556.48. This trade represents a 17.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by company insiders.

Resideo Technologies Price Performance

Shares of NYSE REZI opened at $21.88 on Tuesday. The stock has a fifty day simple moving average of $24.36 and a two-hundred day simple moving average of $22.03. Resideo Technologies, Inc. has a 1-year low of $16.53 and a 1-year high of $28.28. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 19.71 and a beta of 2.17. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Resideo Technologies had a return on equity of 10.97% and a net margin of 2.72%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the company earned $0.41 earnings per share. Analysts anticipate that Resideo Technologies, Inc. will post 1.96 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.