Gamco Investors INC. ET AL Decreases Position in Resideo Technologies, Inc. (NYSE:REZI)

Gamco Investors INC. ET AL lessened its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 7.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 786,029 shares of the company’s stock after selling 63,137 shares during the period. Gamco Investors INC. ET AL owned approximately 0.53% of Resideo Technologies worth $13,881,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ellevest Inc. boosted its position in Resideo Technologies by 2,371.1% in the 1st quarter. Ellevest Inc. now owns 2,051 shares of the company’s stock valued at $37,000 after buying an additional 1,968 shares during the period. Parkside Financial Bank & Trust boosted its position in Resideo Technologies by 72.5% in the 1st quarter. Parkside Financial Bank & Trust now owns 2,467 shares of the company’s stock valued at $59,000 after buying an additional 1,037 shares during the period. Dark Forest Capital Management LP boosted its position in Resideo Technologies by 687.2% in the 1st quarter. Dark Forest Capital Management LP now owns 2,897 shares of the company’s stock valued at $53,000 after buying an additional 2,529 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Resideo Technologies by 825.1% during the 1st quarter. Tower Research Capital LLC TRC now owns 4,681 shares of the company’s stock worth $86,000 after purchasing an additional 4,175 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Resideo Technologies by 18.1% during the 1st quarter. Signaturefd LLC now owns 4,986 shares of the company’s stock worth $91,000 after purchasing an additional 764 shares during the last quarter. Hedge funds and other institutional investors own 90.59% of the company’s stock.

Insider Buying and Selling at Resideo Technologies

In other Resideo Technologies news, insider Phillip L. Theodore sold 20,000 shares of Resideo Technologies stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $16.45, for a total value of $329,000.00. Following the transaction, the insider now directly owns 149,855 shares in the company, valued at $2,465,114.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.30% of the stock is currently owned by company insiders.

Resideo Technologies Price Performance

Shares of REZI opened at $16.50 on Tuesday. Resideo Technologies, Inc. has a 1-year low of $14.19 and a 1-year high of $20.16. The stock has a market cap of $2.41 billion, a PE ratio of 14.73 and a beta of 1.95. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.78 and a quick ratio of 1.12. The firm has a fifty day moving average price of $15.59 and a 200 day moving average price of $16.53.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.16. Resideo Technologies had a net margin of 2.67% and a return on equity of 7.96%. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the company earned $0.42 earnings per share. Resideo Technologies’s quarterly revenue was down 4.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Resideo Technologies, Inc. will post 1.48 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on REZI. TheStreet cut shares of Resideo Technologies from a “b-” rating to a “c+” rating in a research report on Thursday, October 19th. Morgan Stanley decreased their price objective on shares of Resideo Technologies from $21.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, August 4th.

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.