Resideo Technologies, Inc. (NYSE:REZI) Given Average Recommendation of “Hold” by Brokerages

Shares of Resideo Technologies, Inc. (NYSE:REZI) have received a consensus recommendation of “Hold” from the five brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $34.6667.

A number of equities analysts recently issued reports on the company. Wall Street Zen cut Resideo Technologies from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Zacks Research downgraded shares of Resideo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a research note on Thursday, January 22nd.

Institutional Trading of Resideo Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its holdings in Resideo Technologies by 108.3% during the second quarter. Russell Investments Group Ltd. now owns 140,886 shares of the company’s stock valued at $3,108,000 after purchasing an additional 73,261 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Resideo Technologies by 274.7% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 83,892 shares of the company’s stock valued at $3,622,000 after purchasing an additional 61,504 shares during the period. Clayton Dubilier & Rice LLC lifted its stake 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 valued at $573,706,000 after buying an additional 7,516,233 shares in the last quarter. CSM Advisors LLC bought a new position in Resideo Technologies in the 2nd quarter worth approximately $3,819,000. Finally, Vise Technologies Inc. bought a new position in Resideo Technologies in the 2nd quarter worth approximately $258,000. 91.71% of the stock is owned by hedge funds and other institutional investors.

Resideo Technologies Stock Up 0.6%

REZI stock opened at $35.80 on Monday. The stock’s 50 day simple moving average is $35.78 and its 200 day simple moving average is $36.02. The company has a market cap of $5.36 billion, a P/E ratio of -7.65 and a beta of 1.73. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.07 and a current ratio of 1.88. Resideo Technologies has a fifty-two week low of $14.18 and a fifty-two week high of $45.29.

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.