Foundry Partners LLC Purchases New Stake in Resideo Technologies, Inc. (NYSE:REZI)

Foundry Partners LLC bought a new position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 212,194 shares of the company's stock, valued at approximately $3,993,000. Foundry Partners LLC owned 0.15% of Resideo Technologies as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in REZI. SG Americas Securities LLC boosted its position in shares of Resideo Technologies by 367.9% in the third quarter. SG Americas Securities LLC now owns 33,535 shares of the company's stock valued at $530,000 after acquiring an additional 26,368 shares during the period. Linden Thomas Advisory Services LLC boosted its position in shares of Resideo Technologies by 14.7% in the third quarter. Linden Thomas Advisory Services LLC now owns 13,102 shares of the company's stock valued at $207,000 after acquiring an additional 1,676 shares during the period. Raymond James & Associates boosted its position in shares of Resideo Technologies by 4.0% in the third quarter. Raymond James & Associates now owns 235,737 shares of the company's stock valued at $3,725,000 after acquiring an additional 9,085 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Resideo Technologies by 13.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,352 shares of the company's stock valued at $495,000 after acquiring an additional 3,687 shares during the period. Finally, Mackenzie Financial Corp bought a new position in shares of Resideo Technologies in the third quarter valued at approximately $298,000. Institutional investors own 91.71% of the company's stock.

Analyst Ratings Changes

Separately, TheStreet upgraded shares of Resideo Technologies from a "c+" rating to a "b-" rating in a research report on Wednesday, February 28th.

Resideo Technologies Price Performance

Resideo Technologies stock traded up $0.01 during mid-day trading on Monday, hitting $19.28. 838,912 shares of the company traded hands, compared to its average volume of 941,070. Resideo Technologies, Inc. has a one year low of $14.19 and a one year high of $23.21. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 13.58 and a beta of 2.14. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.18 and a current ratio of 1.80. The stock has a fifty day moving average price of $21.75 and a 200-day moving average price of $18.49.

Resideo Technologies (NYSE:REZI - Get Free Report) last announced its earnings results on Tuesday, February 13th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.14. Resideo Technologies had a net margin of 3.36% and a return on equity of 8.99%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the business posted $0.26 earnings per share. Resideo Technologies's revenue for the quarter was down 1.5% on a year-over-year basis. On average, equities analysts predict that Resideo Technologies, Inc. will post 1.65 earnings per share for the current fiscal 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.