JPMorgan Chase & Co. Has $50.86 Million Stock Position in Resideo Technologies, Inc. $REZI

JPMorgan Chase & Co. boosted its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 17.7% in the third quarter, HoldingsChannel reports. The firm owned 1,177,769 shares of the company’s stock after purchasing an additional 177,403 shares during the period. JPMorgan Chase & Co.’s holdings in Resideo Technologies were worth $50,856,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Clayton Dubilier & Rice LLC boosted its holdings in shares of Resideo Technologies by 130.3% during the 3rd quarter. Clayton Dubilier & Rice LLC now owns 13,286,384 shares of the company’s stock worth $573,706,000 after buying an additional 7,516,233 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Resideo Technologies by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 3,501,932 shares of the company’s stock valued at $77,261,000 after acquiring an additional 55,666 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Resideo Technologies by 12.8% in the 2nd quarter. Prudential Financial Inc. now owns 2,860,731 shares of the company’s stock valued at $63,108,000 after acquiring an additional 325,410 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Resideo Technologies by 365.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,966,157 shares of the company’s stock valued at $84,899,000 after acquiring an additional 1,543,952 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of Resideo Technologies by 1,325.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,888,665 shares of the company’s stock valued at $81,553,000 after acquiring an additional 1,756,131 shares during the period. 91.71% of the stock is owned by institutional investors and hedge funds.

Resideo Technologies Stock Performance

Shares of REZI stock opened at $32.75 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.14 and a debt-to-equity ratio of 1.30. The firm has a fifty day simple moving average of $35.93 and a two-hundred day simple moving average of $36.80. Resideo Technologies, Inc. has a 12 month low of $14.18 and a 12 month high of $45.29. The firm has a market capitalization of $4.95 billion, a PE ratio of -8.13 and a beta of 1.71.

Analysts Set New Price Targets

A number of equities research analysts have commented on REZI shares. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a report on Thursday, January 22nd. Morgan Stanley upped their price objective on shares of Resideo Technologies from $42.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Finally, Oppenheimer reissued an “outperform” rating on shares of Resideo Technologies in a research report on Friday, March 13th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Resideo Technologies has an average rating of “Hold” and a consensus price target of $39.67.

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.