Resideo Technologies, Inc. (NYSE:REZI) Receives Average Recommendation of “Hold” from Analysts

Resideo Technologies, Inc. (NYSE:REZI) has been given a consensus rating of “Hold” by the five analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $39.6667.

Several equities research analysts have recently commented on REZI shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Thursday, January 22nd. Oppenheimer reissued an “outperform” rating on shares of Resideo Technologies in a research report on Friday. Finally, Morgan Stanley raised their target price on Resideo Technologies from $42.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th.

Resideo Technologies Stock Up 0.5%

REZI stock opened at $34.21 on Friday. The stock has a market capitalization of $5.17 billion, a PE ratio of -8.49 and a beta of 1.70. Resideo Technologies has a 52 week low of $14.18 and a 52 week high of $45.29. The company has a quick ratio of 1.14, a current ratio of 1.91 and a debt-to-equity ratio of 1.30. The firm has a 50 day moving average of $36.11 and a 200 day moving average of $36.85.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of REZI. Rockefeller Capital Management L.P. lifted its holdings in shares of Resideo Technologies by 209.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,889 shares of the company’s stock worth $137,000 after purchasing an additional 2,632 shares during the period. Corient Private Wealth LLC increased its holdings in Resideo Technologies by 84.7% in the 4th quarter. Corient Private Wealth LLC now owns 32,605 shares of the company’s stock worth $1,145,000 after buying an additional 14,952 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in Resideo Technologies by 35.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,559 shares of the company’s stock worth $265,000 after buying an additional 1,975 shares during the period. Vident Advisory LLC raised its position in Resideo Technologies by 17.3% during the 4th quarter. Vident Advisory LLC now owns 7,228 shares of the company’s stock worth $254,000 after buying an additional 1,068 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in Resideo Technologies during the 4th quarter worth approximately $526,000. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

About Resideo Technologies

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.