Resideo Technologies, Inc. $REZI Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in Resideo Technologies, Inc. (NYSE:REZI) by 13.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 994,351 shares of the company’s stock after buying an additional 117,772 shares during the quarter. Victory Capital Management Inc. owned about 0.66% of Resideo Technologies worth $42,936,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Elo Mutual Pension Insurance Co purchased a new stake in shares of Resideo Technologies in the 3rd quarter valued at approximately $708,000. Fisher Asset Management LLC boosted its position in shares of Resideo Technologies by 4.2% during the 3rd quarter. Fisher Asset Management LLC now owns 1,090,528 shares of the company’s stock worth $47,089,000 after purchasing an additional 44,206 shares during the period. Quantbot Technologies LP acquired a new stake in Resideo Technologies in the 3rd quarter valued at approximately $2,710,000. 1ST Source Bank acquired a new stake in Resideo Technologies in the 3rd quarter valued at approximately $372,000. Finally, Xponance Inc. raised its position in Resideo Technologies by 10.4% in the third quarter. Xponance Inc. now owns 15,457 shares of the company’s stock valued at $667,000 after purchasing an additional 1,452 shares during the period. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Resideo Technologies Trading Down 5.4%

NYSE:REZI opened at $34.00 on Friday. Resideo Technologies, Inc. has a 1 year low of $14.18 and a 1 year high of $45.29. The stock has a market cap of $5.14 billion, a P/E ratio of -8.44 and a beta of 1.71. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.14 and a current ratio of 1.91. The stock has a 50-day simple moving average of $36.27 and a 200-day simple moving average of $36.80.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on REZI shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a research note on Thursday, January 22nd. Wall Street Zen downgraded Resideo Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Zacks Research cut shares of Resideo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. 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 given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $39.67.

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.