Resideo Technologies, Inc. (NYSE:REZI) Stake Reduced by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund cut its stake in Resideo Technologies, Inc. (NYSE:REZI) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,673 shares of the company’s stock after selling 4,505 shares during the period. Illinois Municipal Retirement Fund owned 0.05% of Resideo Technologies worth $1,836,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of Resideo Technologies in the 4th quarter worth about $30,000. International Assets Investment Management LLC grew its position in Resideo Technologies by 1,740.5% in the 3rd quarter. International Assets Investment Management LLC now owns 2,135 shares of the company’s stock worth $43,000 after purchasing an additional 2,019 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Resideo Technologies by 55.0% in the third quarter. Blue Trust Inc. now owns 2,515 shares of the company’s stock valued at $49,000 after purchasing an additional 892 shares during the period. GAMMA Investing LLC increased its stake in shares of Resideo Technologies by 19.8% in the fourth quarter. GAMMA Investing LLC now owns 3,918 shares of the company’s stock valued at $90,000 after purchasing an additional 647 shares during the period. Finally, KBC Group NV raised its holdings in shares of Resideo Technologies by 85.4% during the fourth quarter. KBC Group NV now owns 7,345 shares of the company’s stock valued at $169,000 after buying an additional 3,384 shares during the last quarter. 91.71% of the stock is currently owned by institutional investors.

Resideo Technologies Stock Performance

Shares of NYSE REZI opened at $19.20 on Friday. Resideo Technologies, Inc. has a 12-month low of $17.43 and a 12-month high of $28.28. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. The company has a market cap of $2.84 billion, a PE ratio of 30.48 and a beta of 2.15. The stock has a 50 day simple moving average of $22.35 and a 200-day simple moving average of $22.02.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.08). The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. Resideo Technologies had a return on equity of 11.12% and a net margin of 1.69%. On average, equities research analysts forecast that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

Resideo Technologies 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.