Vanguard Group Inc. Has $514.51 Million Stock Position in Resideo Technologies, Inc. $REZI

Vanguard Group Inc. trimmed its position in shares of Resideo Technologies, Inc. (NYSE:REZI) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,649,947 shares of the company’s stock after selling 274,624 shares during the quarter. Vanguard Group Inc. owned 0.10% of Resideo Technologies worth $514,506,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Clayton Dubilier & Rice LLC raised its position in shares of Resideo Technologies by 130.3% during the third quarter. Clayton Dubilier & Rice LLC now owns 13,286,384 shares of the company’s stock worth $573,706,000 after purchasing an additional 7,516,233 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Resideo Technologies by 365.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,966,157 shares of the company’s stock worth $84,899,000 after purchasing an additional 1,543,952 shares during the period. Franklin Resources Inc. raised its position in shares of Resideo Technologies by 1,325.0% during the third quarter. Franklin Resources Inc. now owns 1,888,665 shares of the company’s stock worth $81,553,000 after purchasing an additional 1,756,131 shares during the period. Pembroke Management LTD raised its holdings in shares of Resideo Technologies by 26.6% in the 3rd quarter. Pembroke Management LTD now owns 1,470,131 shares of the company’s stock worth $63,480,000 after acquiring an additional 308,940 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Resideo Technologies by 6.1% in the 2nd quarter. Bank of America Corp DE now owns 1,274,088 shares of the company’s stock worth $28,106,000 after acquiring an additional 73,438 shares during the last quarter. 91.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

REZI has been the subject of a number of analyst reports. Morgan Stanley increased their price target on Resideo Technologies from $42.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Weiss Ratings reissued a “sell (d+)” rating on shares of Resideo Technologies in a research report on Tuesday, April 21st. Finally, Oppenheimer reiterated 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, Resideo Technologies currently has an average rating of “Hold” and a consensus target price of $39.67.

Resideo Technologies Trading Down 1.8%

Shares of Resideo Technologies stock opened at $39.42 on Tuesday. Resideo Technologies, Inc. has a 1 year low of $17.22 and a 1 year high of $45.29. The firm has a market cap of $5.97 billion, a PE ratio of -9.78 and a beta of 1.75. The stock has a fifty day moving average price of $36.74 and a 200-day moving average price of $36.28. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.91 and a quick ratio of 1.14.

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.