Massachusetts Financial Services Co. MA Takes Position in Resideo Technologies, Inc. $REZI

Massachusetts Financial Services Co. MA bought a new stake in shares of Resideo Technologies, Inc. (NYSE:REZI) in the fourth quarter, Holdings Channel.com reports. The fund bought 530,891 shares of the company’s stock, valued at approximately $18,645,000.

Other large investors have also recently made changes to their positions in the company. ORG Partners LLC boosted its stake in shares of Resideo Technologies by 588.2% during the third quarter. ORG Partners LLC now owns 585 shares of the company’s stock valued at $25,000 after purchasing an additional 500 shares during the period. Sound Income Strategies LLC purchased a new stake in shares of Resideo Technologies during the fourth quarter valued at $25,000. Larson Financial Group LLC boosted its stake in shares of Resideo Technologies by 283.8% during the third quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock valued at $25,000 after purchasing an additional 420 shares during the period. Cullen Frost Bankers Inc. boosted its stake in shares of Resideo Technologies by 1,778.8% during the third quarter. Cullen Frost Bankers Inc. now owns 620 shares of the company’s stock valued at $27,000 after purchasing an additional 587 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of Resideo Technologies during the second quarter valued at $34,000. 91.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Resideo Technologies in a research note on Thursday, January 22nd. Morgan Stanley upped their price objective on shares of Resideo Technologies from $42.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Finally, Oppenheimer reaffirmed 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Resideo Technologies has a consensus rating of “Hold” and a consensus price target of $39.67.

Resideo Technologies Stock Down 1.4%

NYSE:REZI opened at $39.26 on Friday. Resideo Technologies, Inc. has a 1-year low of $14.82 and a 1-year high of $45.29. The company has a 50-day moving average of $35.86 and a 200 day moving average of $36.47. The firm has a market cap of $5.94 billion, a PE ratio of -9.74 and a beta of 1.70. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.91 and a quick ratio of 1.14.

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.