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

Tweedy Browne Co LLC boosted its position in Resideo Technologies, Inc. (NYSE:REZI) by 105.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 39,989 shares of the company’s stock after purchasing an additional 20,522 shares during the period. Tweedy Browne Co LLC’s holdings in Resideo Technologies were worth $1,727,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in Resideo Technologies by 2.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,912 shares of the company’s stock worth $455,000 after purchasing an additional 262 shares during the last quarter. CWM LLC increased its position in shares of Resideo Technologies by 4.3% during the 3rd quarter. CWM LLC now owns 7,263 shares of the company’s stock valued at $314,000 after purchasing an additional 300 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Resideo Technologies by 283.8% during the 3rd quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock worth $25,000 after purchasing an additional 420 shares during the period. ORG Partners LLC boosted its holdings in shares of Resideo Technologies by 588.2% in the 3rd quarter. ORG Partners LLC now owns 585 shares of the company’s stock worth $25,000 after buying an additional 500 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Resideo Technologies by 3.6% during the third quarter. PNC Financial Services Group Inc. now owns 15,163 shares of the company’s stock valued at $655,000 after buying an additional 520 shares during the period. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on REZI shares. Oppenheimer restated an “outperform” rating on shares of Resideo Technologies in a report on Friday. Weiss Ratings reissued a “sell (d+)” rating on shares of Resideo Technologies in a research report on Thursday, January 22nd. Finally, Morgan Stanley raised their price target on shares of 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $39.67.

Resideo Technologies Trading Up 0.5%

Shares of Resideo Technologies stock opened at $34.21 on Wednesday. The stock has a market capitalization of $5.17 billion, a P/E ratio of -8.49 and a beta of 1.70. Resideo Technologies, Inc. has a 52-week low of $14.18 and a 52-week high of $45.29. 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’s 50-day simple moving average is $36.11 and its 200 day simple moving average is $36.85.

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.