Counterpoint Mutual Funds LLC Takes $3.40 Million Position in Resideo Technologies, Inc. $REZI

Counterpoint Mutual Funds LLC purchased a new position in Resideo Technologies, Inc. (NYSE:REZI) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 78,683 shares of the company’s stock, valued at approximately $3,398,000. Resideo Technologies accounts for about 0.3% of Counterpoint Mutual Funds LLC’s holdings, making the stock its 7th largest position.

Several other institutional investors have also bought and sold shares of REZI. Clayton Dubilier & Rice LLC grew its stake in shares of Resideo Technologies by 130.3% in 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. Norges Bank purchased a new position in Resideo Technologies in the second quarter worth about $40,374,000. Ophir Asset Management Pty Ltd bought a new stake in Resideo Technologies during the second quarter worth approximately $35,419,000. Locust Wood Capital Advisers LLC purchased a new stake in Resideo Technologies during the third quarter valued at approximately $50,936,000. Finally, Swedbank AB purchased a new stake in Resideo Technologies during the third quarter valued at approximately $45,760,000. Institutional investors own 91.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a report on Thursday, January 22nd. Wall Street Zen lowered shares of Resideo Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Zacks Research cut shares of Resideo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $34.67.

Resideo Technologies Price Performance

Shares of REZI stock opened at $34.58 on Tuesday. The stock has a 50 day moving average price of $35.89 and a 200 day moving average price of $36.41. Resideo Technologies, Inc. has a 52-week low of $14.18 and a 52-week high of $45.29. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.07 and a current ratio of 1.88. The firm has a market capitalization of $5.18 billion, a P/E 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.