Illinois Municipal Retirement Fund Purchases Shares of 87,083 Resideo Technologies, Inc. (NYSE:REZI)

Illinois Municipal Retirement Fund purchased a new stake in shares of Resideo Technologies, Inc. (NYSE:REZIFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 87,083 shares of the company’s stock, valued at approximately $1,376,000. Illinois Municipal Retirement Fund owned 0.06% of Resideo Technologies as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Nilsine Partners LLC purchased a new position in shares of Resideo Technologies in the third quarter valued at about $184,000. Steph & Co. lifted its position in shares of Resideo Technologies by 15.3% in 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. Mackenzie Financial Corp purchased a new position in shares of Resideo Technologies in the third quarter valued at about $298,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Resideo Technologies by 13.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,352 shares of the company’s stock valued at $495,000 after acquiring an additional 3,687 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of Resideo Technologies by 4.0% in the third quarter. Raymond James & Associates now owns 235,737 shares of the company’s stock valued at $3,725,000 after acquiring an additional 9,085 shares in the last quarter. Institutional investors own 90.59% of the company’s stock.

Insider Buying and Selling

In related news, insider Phillip L. Theodore sold 20,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $16.45, for a total value of $329,000.00. Following the sale, the insider now directly owns 149,855 shares in the company, valued at $2,465,114.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is owned by company insiders.

Resideo Technologies Price Performance

NYSE:REZI opened at $17.16 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 1.12 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $2.51 billion, a P/E ratio of 15.32 and a beta of 2.05. Resideo Technologies, Inc. has a 12 month low of $14.19 and a 12 month high of $20.16. The business’s 50-day moving average is $17.48 and its 200 day moving average is $16.66.

Resideo Technologies (NYSE:REZIGet Free Report) last posted its earnings results on Wednesday, November 1st. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.16. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.54 billion. Resideo Technologies had a return on equity of 7.96% and a net margin of 2.67%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 earnings per share. On average, equities research analysts forecast that Resideo Technologies, Inc. will post 1.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, TheStreet downgraded Resideo Technologies from a “b-” rating to a “c+” rating in a research report on Thursday, October 19th.

View Our Latest Stock Analysis on REZI

About Resideo Technologies

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Resideo Technologies (NYSE:REZI)

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