Wolverine Asset Management LLC Sells 2,000 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Wolverine Asset Management LLC reduced its position in shares of Resideo Technologies, Inc. (NYSE:REZI) by 8.4% in the fourth quarter, HoldingsChannel reports. The firm owned 21,891 shares of the company’s stock after selling 2,000 shares during the quarter. Wolverine Asset Management LLC’s holdings in Resideo Technologies were worth $412,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Linden Thomas Advisory Services LLC grew its stake in shares of Resideo Technologies by 26.5% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 16,575 shares of the company’s stock valued at $312,000 after purchasing an additional 3,473 shares during the period. Duality Advisers LP grew its stake in shares of Resideo Technologies by 8.5% during the 4th quarter. Duality Advisers LP now owns 31,848 shares of the company’s stock valued at $599,000 after purchasing an additional 2,497 shares during the period. Foundry Partners LLC bought a new stake in shares of Resideo Technologies during the 4th quarter valued at about $3,993,000. Cornercap Investment Counsel Inc. grew its stake in shares of Resideo Technologies by 65.7% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 60,280 shares of the company’s stock valued at $1,134,000 after purchasing an additional 23,896 shares during the period. Finally, Louisiana State Employees Retirement System bought a new position in shares of Resideo Technologies during the 4th quarter valued at approximately $1,374,000. 91.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, TheStreet upgraded Resideo Technologies from a “c+” rating to a “b-” rating in a research note on Wednesday, February 28th.

Resideo Technologies Stock Up 0.4 %

NYSE REZI opened at $19.88 on Friday. The stock’s 50 day moving average is $21.74 and its 200 day moving average is $18.53. The company has a current ratio of 1.80, a quick ratio of 1.18 and a debt-to-equity ratio of 0.51. Resideo Technologies, Inc. has a 12 month low of $14.19 and a 12 month high of $23.21. The stock has a market cap of $2.90 billion, a PE ratio of 14.00 and a beta of 2.13.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.14. Resideo Technologies had a return on equity of 8.99% and a net margin of 3.36%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the firm posted $0.26 EPS. Resideo Technologies’s quarterly revenue was down 1.5% compared to the same quarter last year. Research analysts predict that Resideo Technologies, Inc. will post 1.65 EPS for the current fiscal year.

Resideo Technologies Company 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.