Resideo Technologies, Inc. (NYSE:REZI) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC lessened its stake in Resideo Technologies, Inc. (NYSE:REZI) by 6.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 613,739 shares of the company’s stock after selling 45,150 shares during the quarter. Gabelli Funds LLC owned about 0.42% of Resideo Technologies worth $13,760,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC increased its stake in Resideo Technologies by 648.2% during 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 last quarter. EntryPoint Capital LLC acquired a new stake in Resideo Technologies during the first quarter worth $70,000. United Services Automobile Association acquired a new stake in Resideo Technologies during the fourth quarter worth $224,000. Dynamic Technology Lab Private Ltd acquired a new stake in Resideo Technologies during the fourth quarter worth $236,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in Resideo Technologies during the first quarter worth $253,000. Institutional investors and hedge funds own 91.71% of the company’s stock.

Resideo Technologies Trading Up 2.6 %

REZI stock traded up $0.58 during midday trading on Friday, hitting $22.67. 596,732 shares of the company’s stock were exchanged, compared to its average volume of 644,643. The business has a 50-day simple moving average of $20.55 and a two-hundred day simple moving average of $20.38. The company has a current ratio of 1.93, a quick ratio of 1.26 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $3.31 billion, a PE ratio of 17.05 and a beta of 2.12. Resideo Technologies, Inc. has a 1-year low of $14.19 and a 1-year high of $23.21.

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

Insider Transactions at Resideo Technologies

In other news, CAO Tina M. Beskid sold 7,057 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 52,824 shares in the company, valued at $1,144,696.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CAO Tina M. Beskid sold 3,310 shares of Resideo Technologies stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $21.46, for a total value of $71,032.60. Following the completion of the transaction, the chief accounting officer now directly owns 64,960 shares in the company, valued at $1,394,041.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Tina M. Beskid sold 7,057 shares of Resideo Technologies stock in a transaction 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 completion of 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. Insiders sold a total of 15,945 shares of company stock worth $342,937 over the last ninety days. Company insiders own 1.50% of the company’s stock.

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.