Linden Thomas Advisory Services LLC Buys 5,705 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Linden Thomas Advisory Services LLC increased its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 23.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,439 shares of the company’s stock after buying an additional 5,705 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Resideo Technologies were worth $702,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. International Assets Investment Management LLC raised its position in Resideo Technologies by 1,740.5% in the 3rd quarter. International Assets Investment Management LLC now owns 2,135 shares of the company’s stock valued at $43,000 after purchasing an additional 2,019 shares during the last quarter. Blue Trust Inc. raised its position in Resideo Technologies by 55.0% in the 3rd 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 last quarter. Quarry LP raised its position in Resideo Technologies by 79.7% in the 2nd quarter. Quarry LP now owns 2,892 shares of the company’s stock valued at $57,000 after purchasing an additional 1,283 shares during the last quarter. GAMMA Investing LLC raised its position in Resideo Technologies by 105.5% in the 3rd quarter. GAMMA Investing LLC now owns 3,271 shares of the company’s stock valued at $66,000 after purchasing an additional 1,679 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Resideo Technologies in the 3rd quarter valued at $112,000. Institutional investors own 91.71% of the company’s stock.

Resideo Technologies Trading Down 2.5 %

Shares of REZI opened at $23.17 on Monday. The stock has a fifty day moving average price of $24.84 and a two-hundred day moving average price of $21.96. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 20.87 and a beta of 2.17. Resideo Technologies, Inc. has a 52-week low of $16.53 and a 52-week high of $28.28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82.

Resideo Technologies (NYSE:REZI) last released its earnings results on Thursday, November 7th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. The company had revenue of $1.83 billion during 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 period last year, the firm earned $0.41 EPS. Analysts predict that Resideo Technologies, Inc. will post 1.96 EPS for the current fiscal year.

Insider Activity

In related news, insider Robert B. Aarnes sold 98,829 shares of Resideo Technologies stock in a transaction on 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 completion of the sale, the insider now directly owns 458,928 shares of the company’s stock, valued at $12,005,556.48. The trade was a 17.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.50% of the company’s stock.

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.