SG Americas Securities LLC Has $9.11 Million Stake in Resideo Technologies, Inc. $REZI

Key Points

• SG Americas Securities LLC increased its stake in Resideo Technologies by 1,345.4% in Q4, adding 241,370 shares to hold 259,310 shares worth about $9.11 million (0.17% of the company).
• Other institutions also built large positions—Clayton Dubilier & Rice holds 13,286,384 shares (~$573.7M), Arrowstreet and Franklin added significant stakes, and new positions from Norges Bank and Ophir helped drive institutional ownership to 91.71%.
• Resideo has a market cap of about $5.04 billion, a negative P/E, a 1‑year range of $14.18–$45.29, and a consensus analyst rating of "Hold" with an average target of $39.67 (Morgan Stanley raised its target to $50 and rates it overweight).

SG Americas Securities LLC lifted its stake in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 1,345.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 259,310 shares of the company's stock after acquiring an additional 241,370 shares during the period. SG Americas Securities LLC owned 0.17% of Resideo Technologies worth $9,107,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in REZI. Clayton Dubilier & Rice LLC grew its holdings in Resideo Technologies by 130.3% during the third quarter. Clayton Dubilier & Rice LLC now owns 13,286,384 shares of the company's stock valued at $573,706,000 after purchasing an additional 7,516,233 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Resideo Technologies by 365.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,966,157 shares of the company's stock worth $84,899,000 after buying an additional 1,543,952 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Resideo Technologies by 1,325.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,888,665 shares of the company's stock worth $81,553,000 after buying an additional 1,756,131 shares during the period. Norges Bank acquired a new position in Resideo Technologies in the 2nd quarter valued at $40,374,000. Finally, Ophir Asset Management Pty Ltd acquired a new position in Resideo Technologies in the 2nd quarter valued at $35,419,000. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Resideo Technologies Trading Down 0.0%

Shares of Resideo Technologies stock opened at $33.30 on Monday. Resideo Technologies, Inc. has a 1 year low of $14.18 and a 1 year high of $45.29. The company's fifty day simple moving average is $35.61 and its 200-day simple moving average is $36.80. The company has a market cap of $5.04 billion, a price-to-earnings ratio of -8.26 and a beta of 1.71. The company has a current ratio of 1.91, a quick ratio of 1.14 and a debt-to-equity ratio of 1.30.

Analysts Set New Price Targets

REZI has been the topic of several recent analyst reports. Weiss Ratings reiterated a "sell (d+)" rating on shares of Resideo Technologies in a report on Thursday, January 22nd. Oppenheimer restated an "outperform" rating on shares of Resideo Technologies in a report on Friday, March 13th. Finally, Morgan Stanley lifted their price objective on Resideo Technologies from $42.00 to $50.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 25th. Two 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. According to data from MarketBeat.com, Resideo Technologies has a consensus rating of "Hold" and an average target price of $39.67.

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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