Resideo Technologies, Inc. (NYSE:REZI) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. grew its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 28.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,241 shares of the company’s stock after purchasing an additional 726 shares during the quarter. Blue Trust Inc.’s holdings in Resideo Technologies were worth $75,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Linden Thomas Advisory Services LLC raised its stake in Resideo Technologies by 23.1% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 30,439 shares of the company’s stock worth $702,000 after acquiring an additional 5,705 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Resideo Technologies by 13.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 29,248 shares of the company’s stock worth $674,000 after purchasing an additional 3,398 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Resideo Technologies by 19.8% in the 4th quarter. GAMMA Investing LLC now owns 3,918 shares of the company’s stock valued at $90,000 after purchasing an additional 647 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Resideo Technologies by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,007,980 shares of the company’s stock valued at $20,301,000 after purchasing an additional 143,452 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in Resideo Technologies by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 742,628 shares of the company’s stock worth $14,957,000 after buying an additional 22,353 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Insider Activity

In other news, insider Robert B. Aarnes sold 98,829 shares of the business’s 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 transaction, the insider now owns 458,928 shares of the company’s stock, valued at approximately $12,005,556.48. The trade was a 17.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Resideo Technologies Trading Down 2.2 %

REZI opened at $21.53 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. Resideo Technologies, Inc. has a 52 week low of $16.91 and a 52 week high of $28.28. The business’s 50 day moving average is $24.04 and its two-hundred day moving average is $22.03. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 19.39 and a beta of 2.15.

Resideo Technologies (NYSE:REZI) last announced its earnings results on Thursday, November 7th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Resideo Technologies had a net margin of 2.72% and a return on equity of 10.97%. During the same period in the previous year, the company posted $0.41 EPS. On average, research analysts predict that Resideo Technologies, Inc. will post 1.96 EPS for the current 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.