Royce & Associates LP Decreases Holdings in Resideo Technologies, Inc. $REZI

Royce & Associates LP reduced its stake in Resideo Technologies, Inc. (NYSE:REZI) by 23.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 535,036 shares of the company’s stock after selling 160,958 shares during the period. Royce & Associates LP’s holdings in Resideo Technologies were worth $23,103,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in shares of Resideo Technologies during the 3rd quarter worth approximately $2,710,000. 1ST Source Bank bought a new position in Resideo Technologies during the third quarter valued at $372,000. Xponance Inc. grew its holdings in Resideo Technologies by 10.4% during the third quarter. Xponance Inc. now owns 15,457 shares of the company’s stock valued at $667,000 after purchasing an additional 1,452 shares during the period. Choreo LLC purchased a new stake in Resideo Technologies in the third quarter worth $840,000. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of Resideo Technologies in the third quarter valued at $3,398,000. Institutional investors own 91.71% of the company’s stock.

Resideo Technologies Trading Down 4.5%

Shares of REZI stock opened at $38.67 on Monday. The company has a market capitalization of $5.85 billion, a PE ratio of -9.60 and a beta of 1.70. Resideo Technologies, Inc. has a 52-week low of $14.18 and a 52-week high of $45.29. The business’s fifty day moving average is $36.18 and its 200 day moving average is $36.67. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.14 and a current ratio of 1.91.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Thursday, January 22nd. Zacks Research downgraded shares of Resideo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Wall Street Zen downgraded shares of Resideo Technologies from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Morgan Stanley boosted their target price 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. Two equities research 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 data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $39.67.

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.