Cornercap Investment Counsel Inc. Acquires 23,896 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Cornercap Investment Counsel Inc. grew its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 65.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,280 shares of the company’s stock after buying an additional 23,896 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Resideo Technologies were worth $1,134,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Louisiana State Employees Retirement System bought a new position in shares of Resideo Technologies in the fourth quarter valued at $1,374,000. Sequoia Financial Advisors LLC bought a new position in shares of Resideo Technologies in the 4th quarter valued at about $402,000. International Assets Investment Management LLC increased its stake in shares of Resideo Technologies by 648.2% during the 4th quarter. International Assets Investment Management LLC now owns 1,863 shares of the company’s stock worth $35,000 after purchasing an additional 1,614 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Resideo Technologies by 1,562.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 478,900 shares of the company’s stock valued at $9,013,000 after purchasing an additional 450,087 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Resideo Technologies by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 16,033,493 shares of the company’s stock valued at $253,329,000 after purchasing an additional 51,921 shares during the last quarter. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Resideo Technologies Stock Performance

Shares of NYSE:REZI traded down $0.19 on Monday, hitting $20.89. The company had a trading volume of 140,471 shares, compared to its average volume of 925,792. The stock has a 50 day moving average price of $21.48 and a 200 day moving average price of $18.33. 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 market cap of $3.04 billion, a price-to-earnings ratio of 14.85 and a beta of 2.14. Resideo Technologies, Inc. has a 1-year low of $14.19 and a 1-year high of $23.21.

Resideo Technologies (NYSE:REZI) last announced its earnings results on Tuesday, February 13th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.14. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. Resideo Technologies had a return on equity of 8.99% and a net margin of 3.36%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 earnings per share. Analysts expect that Resideo Technologies, Inc. will post 1.66 EPS for the current year.

Analysts Set New Price Targets

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