Resideo Technologies, Inc. $REZI Position Boosted by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 56.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 47,185 shares of the company’s stock after buying an additional 17,026 shares during the period. Harbor Capital Advisors Inc.’s holdings in Resideo Technologies were worth $1,657,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. ORG Partners LLC lifted its position in Resideo Technologies by 588.2% in the 3rd quarter. ORG Partners LLC now owns 585 shares of the company’s stock worth $25,000 after buying an additional 500 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Resideo Technologies by 283.8% during the 3rd 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. Cullen Frost Bankers Inc. grew its holdings 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 acquiring an additional 587 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Resideo Technologies during the 2nd quarter valued at $34,000. Finally, Jones Financial Companies Lllp increased its stake in shares of Resideo Technologies by 128.4% in the third quarter. Jones Financial Companies Lllp now owns 934 shares of the company’s stock worth $39,000 after acquiring an additional 525 shares during the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on REZI. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a report on Thursday, January 22nd. Oppenheimer restated an “outperform” rating on shares of Resideo Technologies in a research note on Friday, March 13th. Finally, Morgan Stanley upped their target price on Resideo Technologies from $42.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Resideo Technologies has a consensus rating of “Hold” and a consensus price target of $39.67.

Resideo Technologies Price Performance

NYSE REZI opened at $34.66 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.91 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $5.24 billion, a PE ratio of -8.60 and a beta of 1.70. Resideo Technologies, Inc. has a 12-month low of $14.18 and a 12-month high of $45.29. The company has a 50 day moving average price of $35.34 and a two-hundred day moving average price of $36.66.

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.