Global Alpha Capital Management Ltd. acquired a new position in shares of Resideo Technologies, Inc. (NYSE:REZI – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 595,800 shares of the company’s stock, valued at approximately $20,924,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its stake in Resideo Technologies by 2.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,912 shares of the company’s stock worth $455,000 after acquiring an additional 262 shares during the period. Vise Technologies Inc. grew its holdings in Resideo Technologies by 2.4% in the 4th quarter. Vise Technologies Inc. now owns 13,670 shares of the company’s stock valued at $480,000 after buying an additional 315 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Resideo Technologies by 36.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,268 shares of the company’s stock valued at $45,000 after acquiring an additional 342 shares during the last quarter. Sage Rhino Capital LLC boosted its position in shares of Resideo Technologies by 6.6% in the fourth quarter. Sage Rhino Capital LLC now owns 6,589 shares of the company’s stock worth $231,000 after acquiring an additional 409 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in Resideo Technologies by 283.8% during the third quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock worth $25,000 after purchasing an additional 420 shares during the last quarter. 91.71% of the stock is currently owned by hedge funds and other institutional investors.
Resideo Technologies Stock Up 3.3%
Shares of NYSE:REZI opened at $31.22 on Friday. The firm has a market cap of $4.73 billion, a PE ratio of -8.13 and a beta of 1.64. The company has a fifty day simple moving average of $35.04 and a 200 day simple moving average of $35.12. The company has a current ratio of 2.07, a quick ratio of 1.19 and a debt-to-equity ratio of 1.30. Resideo Technologies, Inc. has a 12-month low of $20.41 and a 12-month high of $45.29.
Analyst Ratings Changes
A number of analysts have recently issued reports on REZI shares. Oppenheimer reiterated an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st. Finally, Morgan Stanley upped their price target on Resideo Technologies from $42.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Resideo Technologies has an average rating of “Hold” and a consensus target price of $49.00.
Read Our Latest Research Report on REZI
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.
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