Nisa Investment Advisors LLC Sells 1,626 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Nisa Investment Advisors LLC trimmed its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 8.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,909 shares of the company’s stock after selling 1,626 shares during the period. Nisa Investment Advisors LLC’s holdings in Resideo Technologies were worth $390,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. International Assets Investment Management LLC raised its position in shares of Resideo Technologies by 1,740.5% in the third quarter. International Assets Investment Management LLC now owns 2,135 shares of the company’s stock worth $43,000 after acquiring an additional 2,019 shares during the period. Blue Trust Inc. boosted its holdings in Resideo Technologies by 55.0% in the third quarter. Blue Trust Inc. now owns 2,515 shares of the company’s stock valued at $49,000 after purchasing an additional 892 shares during the period. Quarry LP increased its holdings in Resideo Technologies by 79.7% in the second quarter. Quarry LP now owns 2,892 shares of the company’s stock valued at $57,000 after buying an additional 1,283 shares during the last quarter. GAMMA Investing LLC raised its stake in Resideo Technologies by 105.5% during the 3rd quarter. GAMMA Investing LLC now owns 3,271 shares of the company’s stock worth $66,000 after acquiring an additional 1,679 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Resideo Technologies in the third quarter valued at approximately $112,000. 91.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Robert B. Aarnes sold 98,829 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were 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 owns 458,928 shares of the company’s stock, valued at $12,005,556.48. The trade was a 17.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Resideo Technologies Stock Performance

NYSE:REZI opened at $22.69 on Thursday. Resideo Technologies, Inc. has a fifty-two week low of $16.53 and a fifty-two week high of $28.28. The stock has a market cap of $3.33 billion, a PE ratio of 20.44 and a beta of 2.17. The firm’s fifty day simple moving average is $24.64 and its 200-day simple moving average is $22.00. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69.

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

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.