UBS Group AG lessened its stake in Resideo Technologies, Inc. (NYSE:REZI – Free Report) by 18.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,873 shares of the company’s stock after selling 65,989 shares during the period. UBS Group AG’s holdings in Resideo Technologies were worth $10,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of the stock. M&T Bank Corp acquired a new stake in shares of Resideo Technologies during the fourth quarter worth about $469,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Resideo Technologies by 2.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,790 shares of the company’s stock worth $1,889,000 after buying an additional 1,494 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Resideo Technologies by 36.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,268 shares of the company’s stock worth $45,000 after buying an additional 342 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Resideo Technologies by 2.0% during the fourth quarter. State of Alaska Department of Revenue now owns 77,408 shares of the company’s stock worth $2,718,000 after buying an additional 1,523 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Resideo Technologies during the fourth quarter worth about $18,645,000. Institutional investors and hedge funds own 91.71% of the company’s stock.
Resideo Technologies Price Performance
Shares of REZI opened at $28.27 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.14 and a current ratio of 2.07. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of -7.36 and a beta of 1.75. Resideo Technologies, Inc. has a fifty-two week low of $19.65 and a fifty-two week high of $45.29. The firm has a 50-day simple moving average of $36.43 and a 200-day simple moving average of $35.93.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the stock. Oppenheimer reiterated an “outperform” rating on shares of Resideo Technologies in a research note on Friday, March 13th. Morgan Stanley increased their target price 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, Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $39.67.
View Our Latest Stock Analysis on REZI
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.
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