Resideo Technologies, Inc. (NYSE:REZI) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. lessened its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 50.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,522 shares of the company’s stock after selling 24,650 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Resideo Technologies were worth $494,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in Resideo Technologies by 14.8% in the 2nd quarter. Pacer Advisors Inc. now owns 6,104,301 shares of the company’s stock worth $119,400,000 after buying an additional 787,934 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in Resideo Technologies by 53.4% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,214,375 shares of the company’s stock valued at $23,753,000 after purchasing an additional 422,730 shares during the period. Dimensional Fund Advisors LP boosted its position in Resideo Technologies by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,822,902 shares of the company’s stock valued at $153,015,000 after purchasing an additional 397,864 shares during the period. Cubist Systematic Strategies LLC raised its stake in Resideo Technologies by 167.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 542,409 shares of the company’s stock valued at $10,610,000 after acquiring an additional 339,434 shares in the last quarter. Finally, Pembroke Management LTD bought a new stake in Resideo Technologies during the 3rd quarter valued at $5,927,000. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI assumed coverage on Resideo Technologies in a research report on Friday, August 9th. They set an “outperform” rating and a $25.00 target price on the stock.

Resideo Technologies Trading Up 1.7 %

Resideo Technologies stock opened at $25.78 on Friday. Resideo Technologies, Inc. has a 12 month low of $16.05 and a 12 month high of $25.80. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 23.23 and a beta of 2.09. The business has a 50 day moving average price of $20.57 and a two-hundred day moving average price of $20.43. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69.

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.