Fisher Asset Management LLC Has $9.72 Million Stock Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Fisher Asset Management LLC increased its stake in Resideo Technologies, Inc. (NYSE:REZI) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 516,339 shares of the company’s stock after acquiring an additional 5,339 shares during the quarter. Fisher Asset Management LLC owned about 0.36% of Resideo Technologies worth $9,718,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in shares of Resideo Technologies by 648.2% in the fourth quarter. International Assets Investment Management LLC now owns 1,863 shares of the company’s stock worth $35,000 after acquiring an additional 1,614 shares during the period. United Services Automobile Association acquired a new position in shares of Resideo Technologies in the fourth quarter worth approximately $224,000. Dynamic Technology Lab Private Ltd acquired a new position in Resideo Technologies in the fourth quarter valued at approximately $236,000. Linden Thomas Advisory Services LLC lifted its stake in Resideo Technologies by 26.5% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 16,575 shares of the company’s stock valued at $312,000 after buying an additional 3,473 shares during the period. Finally, Teacher Retirement System of Texas lifted its stake in Resideo Technologies by 59.6% in the fourth quarter. Teacher Retirement System of Texas now owns 18,090 shares of the company’s stock valued at $340,000 after buying an additional 6,754 shares during the period. 91.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Tina M. Beskid sold 7,057 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was 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 owns 52,824 shares in the company, valued at $1,144,696.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CAO Tina M. Beskid sold 3,310 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $21.46, for a total transaction of $71,032.60. Following the completion of the sale, the chief accounting officer now owns 64,960 shares in the company, valued at $1,394,041.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Tina M. Beskid sold 7,057 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $21.67, for a total value of $152,925.19. Following the sale, the chief accounting officer now owns 52,824 shares of the company’s stock, valued at approximately $1,144,696.08. The disclosure for this sale can be found here. Insiders sold a total of 15,945 shares of company stock worth $342,937 over the last quarter. 1.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, TheStreet raised Resideo Technologies from a “c+” rating to a “b-” rating in a research note on Wednesday, February 28th.

Resideo Technologies Price Performance

Shares of REZI opened at $19.63 on Thursday. Resideo Technologies, Inc. has a 52-week low of $14.19 and a 52-week high of $23.21. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.26 and a current ratio of 1.93. The business’s 50 day moving average price is $20.65 and its two-hundred day moving average price is $19.98. The firm has a market cap of $2.87 billion, a PE ratio of 14.76 and a beta of 2.14.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.33 by $0.14. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.48 billion. Resideo Technologies had a return on equity of 9.26% and a net margin of 3.17%. The company’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.39 earnings per share. On average, equities analysts anticipate that Resideo Technologies, Inc. will post 1.87 EPS for the current year.

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.