Public Sector Pension Investment Board Reduces Holdings in Resideo Technologies, Inc. $REZI

Public Sector Pension Investment Board lowered its position in Resideo Technologies, Inc. (NYSE:REZI) by 5.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 533,896 shares of the company’s stock after selling 31,529 shares during the quarter. Public Sector Pension Investment Board owned 0.36% of Resideo Technologies worth $23,054,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. LSV Asset Management lifted its stake in shares of Resideo Technologies by 57.5% in the third quarter. LSV Asset Management now owns 13,700 shares of the company’s stock worth $592,000 after acquiring an additional 5,000 shares in the last quarter. Versor Investments LP increased its holdings in Resideo Technologies by 81.1% during the 3rd quarter. Versor Investments LP now owns 30,600 shares of the company’s stock worth $1,321,000 after purchasing an additional 13,700 shares during the last quarter. Prospera Financial Services Inc acquired a new position in shares of Resideo Technologies in the 3rd quarter valued at approximately $286,000. Profund Advisors LLC purchased a new position in shares of Resideo Technologies during the 3rd quarter valued at approximately $257,000. Finally, Linden Thomas Advisory Services LLC boosted its stake in shares of Resideo Technologies by 4.4% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 43,017 shares of the company’s stock valued at $1,857,000 after buying an additional 1,811 shares during the last quarter. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Resideo Technologies Stock Performance

Resideo Technologies stock opened at $35.80 on Friday. 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, Inc. has a 12 month low of $14.18 and a 12 month high of $45.29. The company has a fifty day moving average price of $35.78 and a two-hundred day moving average price of $35.88. The company has a market cap of $5.36 billion, a PE ratio of -7.65 and a beta of 1.73.

Wall Street Analysts Forecast Growth

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

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.