Kennedy Capital Management LLC Takes Position in Resideo Technologies, Inc. $REZI

Kennedy Capital Management LLC bought a new stake in shares of Resideo Technologies, Inc. (NYSE:REZI) in the 3rd quarter, Holdings Channel.com reports. The firm bought 483,396 shares of the company’s stock, valued at approximately $20,873,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC lifted its holdings in 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 acquiring an additional 500 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of 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 acquired a new position in shares of Resideo Technologies in the 2nd quarter worth approximately $34,000. Jones Financial Companies Lllp raised its holdings in shares of Resideo Technologies by 128.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 934 shares of the company’s stock worth $39,000 after purchasing an additional 525 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Resideo Technologies in the 3rd quarter worth approximately $43,000. 91.71% of the stock is currently owned by institutional investors.

Resideo Technologies Trading Up 0.6%

Shares of REZI traded up $0.20 during midday trading on Friday, hitting $33.75. The stock had a trading volume of 130,637 shares, compared to its average volume of 1,373,672. Resideo Technologies, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $45.29. The business has a 50-day simple moving average of $36.21 and a two-hundred day simple moving average of $36.83. The firm has a market cap of $5.10 billion, a P/E ratio of -8.38 and a beta of 1.71. The company has a current ratio of 1.91, a quick ratio of 1.14 and a debt-to-equity ratio of 1.30.

Wall Street Analysts Forecast Growth

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