Analysts Set Resideo Technologies, Inc. (NYSE:REZI) PT at $34.67

Shares of Resideo Technologies, Inc. (NYSE:REZI) have received an average rating of “Hold” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $34.6667.

Several analysts have weighed in on the stock. Zacks Research downgraded shares of Resideo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a report on Thursday, January 22nd. Finally, Wall Street Zen lowered Resideo Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th.

Institutional Investors Weigh In On Resideo Technologies

Several institutional investors have recently added to or reduced their stakes in REZI. Wealth Enhancement Advisory Services LLC increased its position in shares of Resideo Technologies by 2.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,912 shares of the company’s stock valued at $455,000 after acquiring an additional 262 shares during the period. CWM LLC grew its stake in shares of Resideo Technologies by 4.3% in the third quarter. CWM LLC now owns 7,263 shares of the company’s stock worth $314,000 after purchasing an additional 300 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Resideo Technologies by 10.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,126 shares of the company’s stock valued at $111,000 after purchasing an additional 306 shares during the last quarter. Vise Technologies Inc. raised its position in Resideo Technologies by 2.4% during the 4th quarter. Vise Technologies Inc. now owns 13,670 shares of the company’s stock valued at $480,000 after purchasing an additional 315 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Resideo Technologies by 36.9% in the 4th quarter. Farther Finance Advisors LLC now owns 1,268 shares of the company’s stock worth $45,000 after buying an additional 342 shares during the period. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Resideo Technologies Stock Performance

NYSE:REZI opened at $36.71 on Monday. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of -7.84 and a beta of 1.73. The business has a 50 day moving average of $35.92 and a 200 day moving average of $36.23. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.88 and a quick ratio of 1.07. Resideo Technologies has a 1-year low of $14.18 and a 1-year high of $45.29.

About Resideo Technologies

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.