Rhumbline Advisers Has $18.48 Million Position in Resideo Technologies, Inc. $REZI

Rhumbline Advisers lowered its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 7.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 428,072 shares of the company’s stock after selling 32,440 shares during the quarter. Rhumbline Advisers owned 0.29% of Resideo Technologies worth $18,484,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Versor Investments LP grew its stake in shares of Resideo Technologies by 81.1% in the 3rd quarter. Versor Investments LP now owns 30,600 shares of the company’s stock valued at $1,321,000 after purchasing an additional 13,700 shares during the period. Prospera Financial Services Inc acquired a new position in shares of Resideo Technologies in the 3rd quarter worth approximately $286,000. Profund Advisors LLC bought a new stake in Resideo Technologies during the 3rd quarter worth approximately $257,000. Linden Thomas Advisory Services LLC grew its position in Resideo Technologies by 4.4% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 43,017 shares of the company’s stock worth $1,857,000 after acquiring an additional 1,811 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in Resideo Technologies by 53.5% during the 3rd quarter. Bessemer Group Inc. now owns 5,329 shares of the company’s stock valued at $229,000 after purchasing an additional 1,857 shares in the last quarter. Institutional investors own 91.71% of the company’s stock.

Resideo Technologies Stock Up 1.6%

Shares of Resideo Technologies stock opened at $36.39 on Wednesday. The company has a market capitalization of $5.45 billion, a P/E ratio of -7.78 and a beta of 1.73. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.88 and a quick ratio of 1.07. The business has a 50-day moving average of $35.88 and a two-hundred day moving average of $36.15. Resideo Technologies, Inc. has a 1 year low of $14.18 and a 1 year high of $45.29.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on REZI shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Resideo Technologies in a research note on Thursday, January 22nd. Wall Street Zen cut Resideo Technologies from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Zacks Research downgraded Resideo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.67.

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.