Resideo Technologies, Inc. $REZI Stock Holdings Lifted by Hantz Financial Services Inc.

Hantz Financial Services Inc. raised its position in shares of Resideo Technologies, Inc. (NYSE:REZI) by 149.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,172 shares of the company’s stock after purchasing an additional 22,264 shares during the period. Hantz Financial Services Inc.’s holdings in Resideo Technologies were worth $1,605,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Royal Bank of Canada lifted its stake in shares of Resideo Technologies by 50.0% in the 1st quarter. Royal Bank of Canada now owns 49,395 shares of the company’s stock valued at $873,000 after purchasing an additional 16,467 shares during the last quarter. AQR Capital Management LLC grew its holdings in Resideo Technologies by 58.9% in the 1st quarter. AQR Capital Management LLC now owns 122,734 shares of the company’s stock valued at $2,172,000 after buying an additional 45,517 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Resideo Technologies by 7.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 126,161 shares of the company’s stock worth $2,233,000 after acquiring an additional 9,106 shares during the period. Millennium Management LLC boosted its holdings in Resideo Technologies by 1,123.6% in the 1st quarter. Millennium Management LLC now owns 263,821 shares of the company’s stock valued at $4,670,000 after purchasing an additional 242,260 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Resideo Technologies by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 439,149 shares of the company’s stock valued at $7,773,000 after purchasing an additional 26,254 shares during the period. Institutional investors own 91.71% of the company’s stock.

Resideo Technologies Stock Performance

REZI stock opened at $36.38 on Friday. The company has a market cap of $5.45 billion, a P/E ratio of -7.77 and a beta of 1.73. Resideo Technologies, Inc. has a twelve month low of $14.18 and a twelve month high of $45.29. The business’s fifty day moving average is $35.59 and its 200-day moving average is $35.49. The company has a quick ratio of 1.07, a current ratio of 1.88 and a debt-to-equity ratio of 1.38.

Resideo Technologies (NYSE:REZI) last posted its earnings results on Wednesday, November 5th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.18. Resideo Technologies had a positive return on equity of 14.96% and a negative net margin of 8.85%.The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the firm earned $0.58 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. Equities research analysts forecast that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

Insider Activity

In other Resideo Technologies news, Director Andrew C. Teich purchased 8,149 shares of Resideo Technologies stock in a transaction that occurred on Monday, November 10th. The stock was acquired at an average price of $30.68 per share, for a total transaction of $250,011.32. Following the completion of the acquisition, the director owned 340,621 shares of the company’s stock, valued at approximately $10,450,252.28. This trade represents a 2.45% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Channel Holdings Ii L.P. Cd&R purchased 566,758 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were acquired at an average cost of $31.82 per share, with a total value of $18,034,239.56. Following the acquisition, the insider directly owned 14,960,492 shares in the company, valued at approximately $476,042,855.44. The trade was a 3.94% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 1,697,907 shares of company stock worth $53,222,621 in the last three months. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on REZI. Wall Street Zen cut Resideo Technologies from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Thursday, January 22nd. Finally, Zacks Research cut Resideo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $34.67.

Resideo Technologies Profile

Resideo Technologies, Inc, headquartered in Austin, Texas, is a global provider of home comfort, security and energy management solutions. Formed as an independent company in 2018 following its spin-off from Honeywell, Resideo leverages decades of engineering experience to deliver connected products and services to residential and light commercial customers.

The company’s core offerings include smart thermostats, security systems, video doorbells, water leak and freeze detection devices, and indoor air quality monitors.