Resideo Technologies, Inc. (NYSE:REZI) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lowered its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,286 shares of the company’s stock after selling 2,797 shares during the period. Illinois Municipal Retirement Fund’s holdings in Resideo Technologies were worth $1,586,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake 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 valued at $35,000 after purchasing an additional 1,614 shares during the period. Nilsine Partners LLC acquired a new position in Resideo Technologies in the 3rd quarter worth $184,000. Connable Office Inc. lifted its holdings 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 buying an additional 1,597 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its position in Resideo Technologies by 14.7% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 13,102 shares of the company’s stock valued at $207,000 after buying an additional 1,676 shares during the last quarter. Finally, Steph & Co. grew its stake in shares of Resideo Technologies by 15.3% during the third quarter. Steph & Co. now owns 15,296 shares of the company’s stock valued at $242,000 after acquiring an additional 2,026 shares in the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Resideo Technologies Stock Performance

Resideo Technologies stock opened at $19.88 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.18 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average of $21.74 and a 200-day moving average of $18.53. The stock has a market cap of $2.90 billion, a P/E ratio of 14.00 and a beta of 2.13. Resideo Technologies, Inc. has a 52 week low of $14.19 and a 52 week high of $23.21.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.14. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. Resideo Technologies had a net margin of 3.36% and a return on equity of 8.99%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 EPS. On average, analysts expect that Resideo Technologies, Inc. will post 1.65 EPS for the current fiscal year.

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.