Hennion & Walsh Asset Management Inc. Buys 3,398 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Hennion & Walsh Asset Management Inc. increased its stake in Resideo Technologies, Inc. (NYSE:REZI) by 13.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,248 shares of the company’s stock after purchasing an additional 3,398 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Resideo Technologies were worth $674,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its stake in Resideo Technologies by 3.4% in the second quarter. Commonwealth Equity Services LLC now owns 13,702 shares of the company’s stock valued at $268,000 after buying an additional 454 shares in the last quarter. Quest Partners LLC boosted its stake in 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 buying an additional 505 shares in the last quarter. GAMMA Investing LLC boosted its stake in 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 buying an additional 647 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Resideo Technologies by 3.3% in the second quarter. Hsbc Holdings PLC now owns 23,479 shares of the company’s stock valued at $457,000 after buying an additional 747 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake 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 buying an additional 892 shares in the last quarter. Institutional investors own 91.71% of the company’s stock.

Insider Activity at Resideo Technologies

In other news, insider Robert B. Aarnes sold 98,829 shares of Resideo Technologies stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $26.16, for a total transaction of $2,585,366.64. Following the sale, the insider now directly owns 458,928 shares of the company’s stock, valued at approximately $12,005,556.48. This trade represents a 17.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.

Resideo Technologies Stock Performance

NYSE:REZI opened at $22.95 on Tuesday. The stock’s 50-day simple moving average is $25.00 and its 200 day simple moving average is $21.85. The firm has a market capitalization of $3.37 billion, a PE ratio of 20.67 and a beta of 2.17. 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, Inc. has a twelve month low of $16.53 and a twelve month high of $28.28.

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.