Cornercap Investment Counsel Inc. Trims Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Cornercap Investment Counsel Inc. trimmed its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 50.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,522 shares of the company's stock after selling 24,650 shares during the quarter. Cornercap Investment Counsel Inc.'s holdings in Resideo Technologies were worth $494,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. increased its position in shares of Resideo Technologies by 14.8% during the 2nd quarter. Pacer Advisors Inc. now owns 6,104,301 shares of the company's stock valued at $119,400,000 after purchasing an additional 787,934 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in Resideo Technologies by 53.4% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,214,375 shares of the company's stock valued at $23,753,000 after buying an additional 422,730 shares during the period. Dimensional Fund Advisors LP increased its holdings in Resideo Technologies by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 7,822,902 shares of the company's stock worth $153,015,000 after buying an additional 397,864 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in Resideo Technologies by 167.2% during the second quarter. Cubist Systematic Strategies LLC now owns 542,409 shares of the company's stock worth $10,610,000 after buying an additional 339,434 shares during the last quarter. Finally, Pembroke Management LTD bought a new stake in Resideo Technologies in the third quarter worth about $5,927,000. 91.71% of the stock is currently owned by institutional investors.

Resideo Technologies Stock Performance

NYSE:REZI opened at $25.78 on Friday. The company has a market capitalization of $3.79 billion, a P/E ratio of 23.23 and a beta of 2.09. The business has a fifty day simple moving average of $20.57 and a two-hundred day simple moving average of $20.43. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. Resideo Technologies, Inc. has a 1 year low of $16.05 and a 1 year high of $25.80.

Analyst Upgrades and Downgrades

Separately, Evercore ISI assumed coverage on shares of Resideo Technologies in a research report on Friday, August 9th. They set an "outperform" rating and a $25.00 target price for the company.

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.