Illinois Municipal Retirement Fund Lowers Position in Resideo Technologies, Inc. (NYSE:REZI)

Illinois Municipal Retirement Fund trimmed its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,286 shares of the company’s stock after selling 2,797 shares during the quarter. Illinois Municipal Retirement Fund owned 0.06% of Resideo Technologies worth $1,586,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Resideo Technologies by 0.3% during the third quarter. Vanguard Group Inc. now owns 16,033,493 shares of the company’s stock worth $253,329,000 after purchasing an additional 51,921 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Resideo Technologies by 9.9% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 8,253,726 shares of the company’s stock worth $130,409,000 after acquiring an additional 744,403 shares in the last quarter. Pzena Investment Management LLC lifted its stake in Resideo Technologies by 23.7% during the 3rd quarter. Pzena Investment Management LLC now owns 4,815,603 shares of the company’s stock worth $76,087,000 after acquiring an additional 921,631 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Resideo Technologies by 6.5% during the third quarter. Clearbridge Investments LLC now owns 2,722,551 shares of the company’s stock worth $43,016,000 after purchasing an additional 167,145 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Resideo Technologies by 0.7% in the 3rd quarter. Northern Trust Corp now owns 1,739,103 shares of the company’s stock valued at $27,478,000 after buying an additional 11,733 shares during the period. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Resideo Technologies Stock Up 0.4 %

REZI stock opened at $19.88 on Friday. The company’s 50 day moving average price is $21.74 and its 200 day moving average price is $18.53. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 14.00 and a beta of 2.13. Resideo Technologies, Inc. has a fifty-two week low of $14.19 and a fifty-two week high of $23.21. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.18 and a current ratio of 1.80.

Resideo Technologies (NYSE:REZI) last announced 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 company 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 company’s quarterly 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, equities research analysts anticipate that Resideo Technologies, Inc. will post 1.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded Resideo Technologies from a “c+” rating to a “b-” rating in a report 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.