Resideo Technologies (NYSE:REZI) Raised to “Hold” at Zacks Investment Research

Resideo Technologies (NYSE:REZIGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday, 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 dropped their target price on Resideo Technologies from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Wednesday, February 16th.

Shares of REZI stock opened at $23.34 on Tuesday. The stock has a 50 day moving average price of $24.26. 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 has a 12 month low of $21.20 and a 12 month high of $33.25. The company has a market cap of $3.39 billion, a P/E ratio of 14.32 and a beta of 2.22.

Resideo Technologies (NYSE:REZIGet Rating) last announced its quarterly earnings data on Tuesday, February 15th. The company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.08. Resideo Technologies had a return on equity of 11.33% and a net margin of 4.14%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the company earned $0.75 EPS. On average, equities analysts expect that Resideo Technologies will post 1.96 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Hexagon Capital Partners LLC raised its holdings in shares of 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 buying an additional 510 shares in the last quarter. Concord Wealth Partners increased its holdings in Resideo Technologies by 864.1% during the 4th quarter. Concord Wealth Partners now owns 993 shares of the company’s stock valued at $26,000 after purchasing an additional 890 shares in the last quarter. CWM LLC acquired a new stake in Resideo Technologies during the 4th quarter valued at $26,000. JFS Wealth Advisors LLC increased its holdings in Resideo Technologies by 6,868.8% during the 3rd quarter. JFS Wealth Advisors LLC now owns 1,115 shares of the company’s stock valued at $28,000 after purchasing an additional 1,099 shares in the last quarter. Finally, West Bancorporation Inc. increased its holdings in Resideo Technologies by 134.0% during the 1st quarter. West Bancorporation Inc. now owns 1,163 shares of the company’s stock valued at $28,000 after purchasing an additional 666 shares in the last quarter. 92.91% of the stock is owned by institutional investors and hedge funds.

Resideo Technologies Company Profile (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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