State of New Jersey Common Pension Fund D Decreases Stock Holdings in Resideo Technologies, Inc. $REZI

State of New Jersey Common Pension Fund D lowered its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 29.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,243 shares of the company’s stock after selling 27,089 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Resideo Technologies were worth $2,860,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. ORG Partners LLC raised its position in shares of Resideo Technologies by 588.2% during the 3rd quarter. ORG Partners LLC now owns 585 shares of the company’s stock valued at $25,000 after buying an additional 500 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in Resideo Technologies by 1,778.8% during the third quarter. Cullen Frost Bankers Inc. now owns 620 shares of the company’s stock worth $27,000 after acquiring an additional 587 shares during the last quarter. Jones Financial Companies Lllp raised its position in Resideo Technologies by 128.4% during the third quarter. Jones Financial Companies Lllp now owns 934 shares of the company’s stock valued at $39,000 after purchasing an additional 525 shares during the period. Atlantic Union Bankshares Corp bought a new stake in shares of Resideo Technologies in the 3rd quarter valued at approximately $43,000. Finally, Salomon & Ludwin LLC boosted its holdings in shares of Resideo Technologies by 3,591.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 1,255 shares of the company’s stock worth $54,000 after purchasing an additional 1,221 shares during the period. 91.71% of the stock is owned by hedge funds and other institutional investors.

Resideo Technologies Trading Up 1.6%

NYSE REZI opened at $36.71 on Friday. The stock has a market cap of $5.50 billion, a PE ratio of -7.84 and a beta of 1.73. Resideo Technologies, Inc. has a 12 month low of $14.18 and a 12 month high of $45.29. The company’s 50-day moving average price is $35.92 and its 200-day moving average price is $36.23. The company has a current ratio of 1.88, a quick ratio of 1.07 and a debt-to-equity ratio of 1.38.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wall Street Zen lowered Resideo Technologies from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Resideo Technologies in a research note on Thursday, January 22nd. Finally, Zacks Research cut shares of Resideo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $34.67.

Resideo Technologies Company Profile

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.