Vanguard Group Inc. Decreases Stock Position in Resideo Technologies, Inc. $REZI

Vanguard Group Inc. lessened its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 10.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,924,571 shares of the company’s stock after selling 1,684,027 shares during the quarter. Vanguard Group Inc. owned 10.03% of Resideo Technologies worth $644,443,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. ORG Partners LLC raised its position in shares of Resideo Technologies by 588.2% in the 3rd quarter. ORG Partners LLC now owns 585 shares of the company’s stock valued at $25,000 after purchasing an additional 500 shares during the last quarter. Cullen Frost Bankers Inc. increased its stake in Resideo Technologies by 1,778.8% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 620 shares of the company’s stock valued at $27,000 after purchasing an additional 587 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Resideo Technologies in the second quarter worth $34,000. Jones Financial Companies Lllp raised its holdings in shares of Resideo Technologies by 128.4% in the third quarter. Jones Financial Companies Lllp now owns 934 shares of the company’s stock worth $39,000 after buying an additional 525 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Resideo Technologies during the third quarter worth $43,000. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Analyst Ratings Changes

REZI has been the topic of several research reports. Zacks Research downgraded Resideo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Wall Street Zen lowered Resideo Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Resideo Technologies has a consensus rating of “Hold” and a consensus target price of $34.67.

Resideo Technologies Trading Down 5.8%

Shares of NYSE:REZI opened at $34.58 on Tuesday. The company has a current ratio of 1.88, a quick ratio of 1.07 and a debt-to-equity ratio of 1.38. Resideo Technologies, Inc. has a 12-month low of $14.18 and a 12-month high of $45.29. The business has a 50 day moving average of $35.89 and a two-hundred day moving average of $36.41. The company has a market capitalization of $5.18 billion, a PE ratio of -7.39 and a beta of 1.73.

Resideo Technologies Company 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.