U.S. Capital Wealth Advisors LLC Reduces Position in Resideo Technologies, Inc. (NYSE:REZI)

U.S. Capital Wealth Advisors LLC trimmed its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 11.7% during the fourth quarter, Holdings Channel reports. The fund owned 11,672 shares of the company’s stock after selling 1,549 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Resideo Technologies were worth $269,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of REZI. State Street Corp increased its holdings in Resideo Technologies by 2.0% in the third quarter. State Street Corp now owns 8,060,486 shares of the company’s stock valued at $162,338,000 after buying an additional 159,069 shares during the last quarter. Pacer Advisors Inc. bought a new stake in Resideo Technologies in the fourth quarter valued at about $122,145,000. Geode Capital Management LLC increased its holdings in Resideo Technologies by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,363,750 shares of the company’s stock valued at $67,759,000 after buying an additional 26,000 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Resideo Technologies by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,545,865 shares of the company’s stock valued at $31,134,000 after buying an additional 54,508 shares during the last quarter. Finally, Beaconlight Capital LLC increased its holdings in Resideo Technologies by 64.9% in the third quarter. Beaconlight Capital LLC now owns 1,088,926 shares of the company’s stock valued at $21,931,000 after buying an additional 428,669 shares during the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

Resideo Technologies Stock Up 0.7 %

Shares of Resideo Technologies stock opened at $22.00 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69. The firm has a market cap of $3.23 billion, a P/E ratio of 19.82 and a beta of 2.16. Resideo Technologies, Inc. has a fifty-two week low of $16.74 and a fifty-two week high of $28.28. The business has a 50-day moving average price of $24.04 and a 200 day moving average price of $22.03.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.82 billion. Resideo Technologies had a return on equity of 10.97% and a net margin of 2.72%. During the same period in the previous year, the company earned $0.41 earnings per share. On average, sell-side analysts forecast that Resideo Technologies, Inc. will post 1.96 earnings per share for the current fiscal year.

Insider Buying and Selling at Resideo Technologies

In other Resideo Technologies news, insider Robert B. Aarnes sold 98,829 shares of Resideo Technologies stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 458,928 shares in the company, valued at $12,005,556.48. The trade was a 17.72 % decrease in their ownership of the stock. 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.

Resideo Technologies Company 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.