Vestcor Inc Raises Position in Resideo Technologies, Inc. (NYSE:REZI)

Vestcor Inc raised its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 9.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,077 shares of the company’s stock after buying an additional 3,251 shares during the quarter. Vestcor Inc’s holdings in Resideo Technologies were worth $855,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Pacer Advisors Inc. bought a new position in shares of Resideo Technologies in the fourth quarter worth approximately $122,145,000. Weiss Asset Management LP purchased a new position in Resideo Technologies in the 3rd quarter worth approximately $9,217,000. Beaconlight Capital LLC increased its holdings in shares of Resideo Technologies by 64.9% in the 3rd quarter. Beaconlight Capital LLC now owns 1,088,926 shares of the company’s stock worth $21,931,000 after buying an additional 428,669 shares during the last quarter. Pembroke Management LTD raised its position in shares of Resideo Technologies by 126.8% during the 4th quarter. Pembroke Management LTD now owns 667,421 shares of the company’s stock valued at $15,384,000 after buying an additional 373,133 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Resideo Technologies by 98.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 621,560 shares of the company’s stock worth $12,518,000 after acquiring an additional 308,060 shares during the last quarter. 91.71% of the stock is currently owned by institutional investors.

Resideo Technologies Stock Up 3.2 %

REZI opened at $17.46 on Friday. The business’s fifty day simple moving average is $21.10 and its 200 day simple moving average is $21.95. Resideo Technologies, Inc. has a 52 week low of $16.88 and a 52 week high of $28.28. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69. The stock has a market cap of $2.58 billion, a PE ratio of 27.71 and a beta of 2.32.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.08). The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. As a group, research analysts expect that Resideo Technologies, Inc. will post 2.13 earnings per share for the current fiscal year.

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.