CastleKnight Management LP Has $551,000 Stock Holdings in Resideo Technologies, Inc. (NYSE:REZI)

CastleKnight Management LP lowered its position in shares of Resideo Technologies, Inc. (NYSE:REZI) by 50.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,300 shares of the company’s stock after selling 29,300 shares during the quarter. CastleKnight Management LP’s holdings in Resideo Technologies were worth $551,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC lifted its holdings in shares of 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 buying an additional 1,614 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Resideo Technologies during the fourth quarter worth $224,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Resideo Technologies during the fourth quarter worth $236,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Resideo Technologies by 36.5% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 19,547 shares of the company’s stock worth $309,000 after buying an additional 5,224 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its holdings in shares of Resideo Technologies by 26.5% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 16,575 shares of the company’s stock worth $312,000 after buying an additional 3,473 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

Insider Transactions at Resideo Technologies

In related news, CAO Tina M. Beskid sold 3,310 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 64,960 shares in the company, valued at $1,394,041.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Resideo Technologies news, Director Nina Richardson sold 5,578 shares of the business’s stock in a transaction that occurred on 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 directly owns 51,311 shares of the company’s stock, valued at $1,094,463.63. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Tina M. Beskid sold 3,310 shares of the business’s 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 transaction, the chief accounting officer now directly owns 64,960 shares in the company, valued at $1,394,041.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,945 shares of company stock worth $342,937. Insiders own 1.50% of the company’s stock.

Resideo Technologies Price Performance

Resideo Technologies stock traded down $0.30 during midday trading on Friday, reaching $20.52. The company’s stock had a trading volume of 458,896 shares, compared to its average volume of 554,017. Resideo Technologies, Inc. has a 52 week low of $14.19 and a 52 week high of $23.21. 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 business has a 50-day moving average price of $20.99 and a 200-day moving average price of $19.79. The stock has a market cap of $3.00 billion, a PE ratio of 15.43 and a beta of 2.14.

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

Analyst Ratings Changes

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

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.