Algert Global LLC Purchases 52,180 Shares of Resideo Technologies, Inc. $REZI

Algert Global LLC increased its position in shares of Resideo Technologies, Inc. (NYSE:REZI) by 47.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 161,130 shares of the company’s stock after buying an additional 52,180 shares during the period. Algert Global LLC’s holdings in Resideo Technologies were worth $6,958,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in REZI. Royal Bank of Canada lifted its stake in Resideo Technologies by 50.0% in the first quarter. Royal Bank of Canada now owns 49,395 shares of the company’s stock worth $873,000 after acquiring an additional 16,467 shares during the period. AQR Capital Management LLC increased its position in Resideo Technologies by 58.9% during the 1st quarter. AQR Capital Management LLC now owns 122,734 shares of the company’s stock valued at $2,172,000 after purchasing an additional 45,517 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Resideo Technologies by 7.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 126,161 shares of the company’s stock valued at $2,233,000 after purchasing an additional 9,106 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Resideo Technologies by 1,123.6% in the 1st quarter. Millennium Management LLC now owns 263,821 shares of the company’s stock valued at $4,670,000 after purchasing an additional 242,260 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Resideo Technologies by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 439,149 shares of the company’s stock worth $7,773,000 after purchasing an additional 26,254 shares during the period. 91.71% of the stock is currently owned by institutional investors.

Resideo Technologies Stock Performance

Shares of Resideo Technologies stock opened at $34.04 on Tuesday. The company has a 50 day moving average price of $36.14 and a 200 day moving average price of $36.85. The firm has a market capitalization of $5.15 billion, a P/E ratio of -8.45 and a beta of 1.70. The company has a quick ratio of 1.14, a current ratio of 1.91 and a debt-to-equity ratio of 1.30. Resideo Technologies, Inc. has a 52 week low of $14.18 and a 52 week high of $45.29.

Wall Street Analyst Weigh In

REZI has been the topic of several research reports. Morgan Stanley lifted their price objective 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. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a research report on Thursday, January 22nd. Finally, Oppenheimer reiterated an “outperform” rating on shares of Resideo Technologies in a report on Friday. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Resideo Technologies has an average rating of “Hold” and an average target price of $39.67.

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.