Rhumbline Advisers Has $18.48 Million Stake in Resideo Technologies, Inc. $REZI

Rhumbline Advisers reduced its stake in Resideo Technologies, Inc. (NYSE:REZI) by 7.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 428,072 shares of the company’s stock after selling 32,440 shares during the quarter. Rhumbline Advisers’ holdings in Resideo Technologies were worth $18,484,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clayton Dubilier & Rice LLC raised its stake in shares of Resideo Technologies by 130.3% in the 3rd quarter. Clayton Dubilier & Rice LLC now owns 13,286,384 shares of the company’s stock valued at $573,706,000 after purchasing an additional 7,516,233 shares during the period. Norges Bank bought a new position in shares of Resideo Technologies during the second quarter worth about $40,374,000. Ophir Asset Management Pty Ltd bought a new position in shares of Resideo Technologies during the second quarter worth about $35,419,000. Locust Wood Capital Advisers LLC acquired a new stake in Resideo Technologies in the 3rd quarter valued at approximately $50,936,000. Finally, Swedbank AB bought a new stake in Resideo Technologies in the 3rd quarter valued at approximately $45,760,000. 91.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Resideo Technologies Stock Up 1.6%

REZI stock opened at $36.39 on Wednesday. The company has a market cap of $5.45 billion, a price-to-earnings ratio of -7.78 and a beta of 1.73. Resideo Technologies, Inc. has a twelve month low of $14.18 and a twelve month high of $45.29. The business has a 50 day moving average price of $35.88 and a two-hundred day moving average price of $36.15. The company has a quick ratio of 1.07, a current ratio of 1.88 and a debt-to-equity ratio of 1.38.

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.