AlphaMark Advisors LLC Makes New $363,000 Investment in Resideo Technologies, Inc. (NYSE:REZI)

AlphaMark Advisors LLC bought a new stake in shares of Resideo Technologies, Inc. (NYSE:REZI) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 16,179 shares of the company’s stock, valued at approximately $363,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in Resideo Technologies during the fourth quarter valued at $29,610,000. Dimensional Fund Advisors LP grew its position in Resideo Technologies by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,860,246 shares of the company’s stock valued at $129,111,000 after purchasing an additional 609,176 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Resideo Technologies by 1,562.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 478,900 shares of the company’s stock valued at $9,013,000 after purchasing an additional 450,087 shares in the last quarter. Foundry Partners LLC bought a new position in shares of Resideo Technologies in the fourth quarter worth approximately $3,993,000. Finally, Tudor Investment Corp Et Al lifted its stake in shares of Resideo Technologies by 662.9% in the third quarter. Tudor Investment Corp Et Al now owns 193,492 shares of the company’s stock worth $3,057,000 after buying an additional 168,130 shares in the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Nina Richardson sold 5,578 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $21.33, for a total transaction of $118,978.74. Following the completion of the sale, the director now owns 51,311 shares of the company’s stock, valued at approximately $1,094,463.63. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Nina Richardson sold 5,578 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $21.33, for a total value of $118,978.74. Following the transaction, the director now owns 51,311 shares of the company’s stock, valued at $1,094,463.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Tina M. Beskid sold 7,057 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $21.67, for a total value of $152,925.19. Following the transaction, the chief accounting officer now owns 52,824 shares of the company’s stock, valued at $1,144,696.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,945 shares of company stock valued at $342,937. 1.50% of the stock is owned by insiders.

Resideo Technologies Stock Performance

NYSE REZI traded down $0.28 during trading hours on Monday, hitting $19.28. The company’s stock had a trading volume of 601,871 shares, compared to its average volume of 861,029. Resideo Technologies, Inc. has a 12 month low of $14.19 and a 12 month high of $23.21. The company’s 50 day simple moving average is $20.57 and its two-hundred day simple moving average is $20.11. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.93 and a quick ratio of 1.26. The company has a market cap of $2.81 billion, a P/E ratio of 14.50 and a beta of 2.14.

Resideo Technologies (NYSE:REZI) last issued its earnings results on Thursday, May 2nd. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.14. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Resideo Technologies had a net margin of 3.17% and a return on equity of 9.26%. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the company posted $0.39 earnings per share. As a group, sell-side analysts expect that Resideo Technologies, Inc. will post 1.87 EPS for the current fiscal 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.