AMJ Financial Wealth Management Acquires New Position in Resideo Technologies, Inc. $REZI

AMJ Financial Wealth Management purchased a new stake in shares of Resideo Technologies, Inc. (NYSE:REZI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,579 shares of the company’s stock, valued at approximately $1,277,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of REZI. ORG Partners LLC lifted its stake in shares of Resideo Technologies by 588.2% in the 3rd quarter. ORG Partners LLC now owns 585 shares of the company’s stock worth $25,000 after acquiring an additional 500 shares during the period. Cullen Frost Bankers Inc. raised its holdings in Resideo Technologies by 1,778.8% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 620 shares of the company’s stock worth $27,000 after buying an additional 587 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Resideo Technologies in the 2nd quarter valued at approximately $34,000. Jones Financial Companies Lllp boosted its position in shares of Resideo Technologies by 128.4% in the third quarter. Jones Financial Companies Lllp now owns 934 shares of the company’s stock worth $39,000 after buying an additional 525 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new stake in Resideo Technologies during the 3rd quarter worth about $43,000. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Resideo Technologies Stock Performance

Shares of REZI opened at $36.71 on Friday. The firm’s 50 day moving average price is $35.92 and its two-hundred day moving average price is $36.30. The firm has a market cap of $5.50 billion, a P/E ratio of -7.84 and a beta of 1.73. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.07 and a current ratio of 1.88. Resideo Technologies, Inc. has a twelve month low of $14.18 and a twelve month high of $45.29.

Analyst Upgrades and Downgrades

A number of research firms recently commented on REZI. Wall Street Zen downgraded Resideo Technologies from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Thursday, January 22nd. Finally, Zacks Research lowered 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 assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average 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.