SG Americas Securities LLC Purchases 241,370 Shares of Resideo Technologies, Inc. $REZI

SG Americas Securities LLC raised its position in Resideo Technologies, Inc. (NYSE:REZI) by 1,345.4% in the 4th quarter, HoldingsChannel reports. The fund owned 259,310 shares of the company’s stock after purchasing an additional 241,370 shares during the period. SG Americas Securities LLC’s holdings in Resideo Technologies were worth $9,107,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Diversified Trust Co. grew its holdings in shares of Resideo Technologies by 6.0% during the 4th quarter. Diversified Trust Co. now owns 23,026 shares of the company’s stock worth $809,000 after purchasing an additional 1,300 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Resideo Technologies by 16.4% during the fourth quarter. GAMMA Investing LLC now owns 6,523 shares of the company’s stock valued at $229,000 after purchasing an additional 920 shares during the period. Hudson Bay Capital Management LP acquired a new position in shares of Resideo Technologies in the third quarter valued at $3,022,000. Swiss Life Asset Management Ltd acquired a new position in shares of Resideo Technologies in the third quarter valued at $285,000. Finally, JPMorgan Chase & Co. lifted its position in Resideo Technologies by 17.7% in the third quarter. JPMorgan Chase & Co. now owns 1,177,769 shares of the company’s stock worth $50,856,000 after purchasing an additional 177,403 shares during the period. Institutional investors own 91.71% of the company’s stock.

Resideo Technologies Trading Down 0.0%

Shares of REZI opened at $33.30 on Monday. Resideo Technologies, Inc. has a 1 year low of $14.18 and a 1 year high of $45.29. The company has a current ratio of 1.91, a quick ratio of 1.14 and a debt-to-equity ratio of 1.30. The stock has a 50 day simple moving average of $35.61 and a 200-day simple moving average of $36.80. The stock has a market cap of $5.04 billion, a PE ratio of -8.26 and a beta of 1.71.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Thursday, January 22nd. Morgan Stanley increased their price objective on shares of Resideo Technologies from $42.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $39.67.

Resideo Technologies 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.