Zacks Investment Research Lowers Resideo Technologies (NYSE:REZI) to Sell

Resideo Technologies (NYSE:REZIGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

According to Zacks, “Resideo Technologies Inc. provides critical comfort and security solutions primarily in residential environments and distributor of low-voltage and security products. Resideo Technologies Inc. is based in GOLDEN VALLEY, United States. “

Separately, Morgan Stanley lowered their target price on shares of Resideo Technologies from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 16th.

Shares of Resideo Technologies stock opened at $24.38 on Thursday. The company’s fifty day simple moving average is $24.62 and its 200-day simple moving average is $25.28. The stock has a market capitalization of $3.54 billion, a PE ratio of 14.96 and a beta of 2.35. Resideo Technologies has a 1-year low of $21.20 and a 1-year high of $33.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.70 and a quick ratio of 1.21.

Resideo Technologies (NYSE:REZIGet Rating) last issued its quarterly earnings results on Tuesday, February 15th. The company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.08. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Resideo Technologies had a net margin of 4.14% and a return on equity of 11.33%. During the same quarter last year, the company posted $0.75 EPS. As a group, research analysts anticipate that Resideo Technologies will post 2.07 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC lifted its stake in Resideo Technologies by 115.4% in the 4th quarter. Hexagon Capital Partners LLC now owns 952 shares of the company’s stock worth $25,000 after purchasing an additional 510 shares in the last quarter. Concord Wealth Partners lifted its stake in Resideo Technologies by 864.1% in the 4th quarter. Concord Wealth Partners now owns 993 shares of the company’s stock worth $26,000 after purchasing an additional 890 shares in the last quarter. CWM LLC purchased a new stake in Resideo Technologies in the 4th quarter worth $26,000. JFS Wealth Advisors LLC lifted its stake in Resideo Technologies by 6,868.8% in the 3rd quarter. JFS Wealth Advisors LLC now owns 1,115 shares of the company’s stock worth $28,000 after purchasing an additional 1,099 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Resideo Technologies by 296.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,430 shares of the company’s stock worth $37,000 after purchasing an additional 1,069 shares in the last quarter. Institutional investors own 94.37% of the company’s stock.

About Resideo Technologies (Get Rating)

Resideo Technologies, Inc develops, manufactures, and sells comfort, residential thermal, and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products & Solutions, and ADI Global Distribution.

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