Assenagon Asset Management S.A. Has $586,000 Stake in Resideo Technologies, Inc. $REZI

Assenagon Asset Management S.A. reduced its position in Resideo Technologies, Inc. (NYSE:REZI) by 69.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,698 shares of the company’s stock after selling 37,980 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Resideo Technologies were worth $586,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of REZI. Larson Financial Group LLC lifted its holdings in Resideo Technologies by 283.8% in the third quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock valued at $25,000 after buying an additional 420 shares during the period. ORG Partners LLC grew its holdings in Resideo Technologies by 588.2% during the 3rd quarter. ORG Partners LLC now owns 585 shares of the company’s stock worth $25,000 after acquiring an additional 500 shares during the period. Cullen Frost Bankers Inc. grew its holdings in Resideo Technologies by 1,778.8% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 620 shares of the company’s stock worth $27,000 after acquiring an additional 587 shares during the period. Jones Financial Companies Lllp raised its position 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 acquiring an additional 525 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Resideo Technologies in the 3rd quarter worth about $43,000. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Resideo Technologies Stock Up 2.2%

REZI stock opened at $34.44 on Thursday. The stock’s 50 day simple moving average is $35.42 and its 200 day simple moving average is $36.72. The company has a market cap of $5.21 billion, a P/E ratio of -8.55 and a beta of 1.70. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.14 and a current ratio of 1.91. Resideo Technologies, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $45.29.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on REZI. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research report on Thursday, January 22nd. Morgan Stanley lifted their target price on Resideo Technologies from $42.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Finally, Oppenheimer reissued an “outperform” rating on shares of Resideo Technologies in a research note on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently 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.