Gamco Investors INC. ET AL lessened its holdings in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 8.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 372,710 shares of the company's stock after selling 36,441 shares during the period. Gamco Investors INC. ET AL owned about 0.25% of Resideo Technologies worth $16,094,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in REZI. Russell Investments Group Ltd. boosted its position in Resideo Technologies by 108.3% in the second quarter. Russell Investments Group Ltd. now owns 140,886 shares of the company's stock valued at $3,108,000 after buying an additional 73,261 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Resideo Technologies by 274.7% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 83,892 shares of the company's stock worth $3,622,000 after buying an additional 61,504 shares in the last quarter. Clayton Dubilier & Rice LLC lifted its stake in shares of Resideo Technologies by 130.3% in the 3rd quarter. Clayton Dubilier & Rice LLC now owns 13,286,384 shares of the company's stock valued at $573,706,000 after acquiring an additional 7,516,233 shares during the last quarter. Vise Technologies Inc. bought a new position in shares of Resideo Technologies in the 2nd quarter valued at $258,000. Finally, CSM Advisors LLC acquired a new stake in shares of Resideo Technologies during the 2nd quarter valued at $3,819,000. Institutional investors own 91.71% of the company's stock.
Resideo Technologies Price Performance
Shares of NYSE:REZI opened at $34.00 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.14 and a current ratio of 1.91. Resideo Technologies, Inc. has a 52 week low of $14.18 and a 52 week high of $45.29. The firm has a market cap of $5.14 billion, a PE ratio of -8.44 and a beta of 1.71. The firm's fifty day moving average is $36.27 and its 200-day moving average is $36.80.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the company. Morgan Stanley boosted their price objective on Resideo Technologies from $42.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 25th. Zacks Research lowered Resideo Technologies from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 11th. Weiss Ratings reissued a "sell (d+)" rating on shares of Resideo Technologies in a research note on Thursday, January 22nd. Finally, Wall Street Zen cut Resideo Technologies from a "buy" rating to a "hold" rating in a report on Saturday, November 8th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $39.67.
Check Out Our Latest Stock Analysis on REZI
About Resideo Technologies
(
Free Report)
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.
Further Reading
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