Tweedy Browne Co LLC Buys 20,522 Shares of Resideo Technologies, Inc. $REZI

Tweedy Browne Co LLC increased its position in Resideo Technologies, Inc. (NYSE:REZI) by 105.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,989 shares of the company’s stock after buying an additional 20,522 shares during the period. Tweedy Browne Co LLC’s holdings in Resideo Technologies were worth $1,727,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Clayton Dubilier & Rice LLC boosted its holdings in Resideo Technologies by 130.3% in the third quarter. Clayton Dubilier & Rice LLC now owns 13,286,384 shares of the company’s stock worth $573,706,000 after acquiring an additional 7,516,233 shares in the last quarter. Norges Bank bought a new stake in shares of Resideo Technologies during the second quarter valued at approximately $40,374,000. 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. Ophir Asset Management Pty Ltd acquired a new position in shares of Resideo Technologies during the second quarter worth approximately $35,419,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Resideo Technologies by 365.7% in the 3rd 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 in the last quarter. 91.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Oppenheimer reissued an “outperform” rating on shares of Resideo Technologies in a research report on Friday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a research note on Thursday, January 22nd. Finally, Morgan Stanley lifted their price objective on shares of Resideo Technologies from $42.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. 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, Resideo Technologies presently has a consensus rating of “Hold” and a consensus target price of $39.67.

Resideo Technologies Trading Up 0.5%

Shares of Resideo Technologies stock opened at $34.21 on Wednesday. The stock has a fifty day simple moving average of $36.11 and a 200 day simple moving average of $36.85. Resideo Technologies, Inc. has a 12-month low of $14.18 and a 12-month high of $45.29. The company has a market capitalization of $5.17 billion, a P/E ratio of -8.49 and a beta of 1.70. The company has a current ratio of 1.91, a quick ratio of 1.14 and a debt-to-equity ratio of 1.30.

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.