George Kaiser Family Foundation Trims Stock Position in Resideo Technologies, Inc. (NYSE:REZI)

George Kaiser Family Foundation cut its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 81.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,467 shares of the company’s stock after selling 178,637 shares during the quarter. Resideo Technologies makes up about 0.2% of George Kaiser Family Foundation’s holdings, making the stock its 15th biggest holding. George Kaiser Family Foundation’s holdings in Resideo Technologies were worth $780,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Arizona State Retirement System grew its position in shares of Resideo Technologies by 1.7% in the 3rd quarter. Arizona State Retirement System now owns 41,888 shares of the company’s stock worth $662,000 after buying an additional 706 shares during the period. Paralel Advisors LLC grew its position in shares of Resideo Technologies by 1.3% in the 3rd quarter. Paralel Advisors LLC now owns 104,742 shares of the company’s stock worth $1,655,000 after buying an additional 1,308 shares during the period. Seizert Capital Partners LLC boosted its stake in Resideo Technologies by 2.9% in the 3rd quarter. Seizert Capital Partners LLC now owns 49,802 shares of the company’s stock worth $787,000 after purchasing an additional 1,425 shares in the last quarter. Connable Office Inc. boosted its stake in Resideo Technologies by 14.5% in the 3rd quarter. Connable Office Inc. now owns 12,635 shares of the company’s stock worth $200,000 after purchasing an additional 1,597 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Resideo Technologies by 648.2% in the 4th quarter. International Assets Investment Management LLC now owns 1,863 shares of the company’s stock worth $35,000 after purchasing an additional 1,614 shares in the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

Resideo Technologies Stock Performance

REZI traded up $0.43 during midday trading on Friday, hitting $21.75. 507,999 shares of the company traded hands, compared to its average volume of 683,724. The company has a quick ratio of 1.26, a current ratio of 1.93 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $3.18 billion, a PE ratio of 16.35 and a beta of 2.13. The company’s 50-day moving average is $21.24 and its 200 day moving average is $19.46. Resideo Technologies, Inc. has a 52 week low of $14.19 and a 52 week high of $23.21.

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

Insider Transactions at Resideo Technologies

In related news, CAO Tina M. Beskid sold 3,310 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $21.46, for a total value of $71,032.60. Following the completion of the sale, the chief accounting officer now directly owns 64,960 shares of the company’s stock, valued at approximately $1,394,041.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Tina M. Beskid sold 3,310 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $21.46, for a total value of $71,032.60. Following the completion of the sale, the chief accounting officer now directly owns 64,960 shares of the company’s stock, valued at approximately $1,394,041.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nina Richardson sold 5,578 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was 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 directly owns 51,311 shares of the company’s stock, valued at $1,094,463.63. The disclosure for this sale can be found here. Insiders have sold 15,945 shares of company stock worth $342,937 in the last quarter. Company insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded shares of Resideo Technologies from a “c+” rating to a “b-” rating in a research note on Wednesday, February 28th.

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.