Counterpoint Mutual Funds LLC Purchases Shares of 78,683 Resideo Technologies, Inc. $REZI

Counterpoint Mutual Funds LLC purchased a new position in Resideo Technologies, Inc. (NYSE:REZI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 78,683 shares of the company’s stock, valued at approximately $3,398,000. Resideo Technologies makes up 0.3% of Counterpoint Mutual Funds LLC’s holdings, making the stock its 7th biggest position. Counterpoint Mutual Funds LLC owned approximately 0.05% of Resideo Technologies as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in Resideo Technologies by 50.0% in the 1st quarter. Royal Bank of Canada now owns 49,395 shares of the company’s stock worth $873,000 after acquiring an additional 16,467 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Resideo Technologies by 58.9% in the first quarter. AQR Capital Management LLC now owns 122,734 shares of the company’s stock worth $2,172,000 after purchasing an additional 45,517 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Resideo Technologies by 7.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 126,161 shares of the company’s stock worth $2,233,000 after purchasing an additional 9,106 shares in the last quarter. Millennium Management LLC increased its stake in shares of Resideo Technologies by 1,123.6% in the first quarter. Millennium Management LLC now owns 263,821 shares of the company’s stock worth $4,670,000 after purchasing an additional 242,260 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Resideo Technologies by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 439,149 shares of the company’s stock valued at $7,773,000 after purchasing an additional 26,254 shares during the period. 91.71% of the stock is owned by hedge funds and other institutional investors.

Resideo Technologies Stock Down 5.8%

Shares of REZI stock opened at $34.58 on Tuesday. The company’s fifty day simple moving average is $35.89 and its two-hundred day simple moving average is $36.41. Resideo Technologies, Inc. has a 52 week low of $14.18 and a 52 week high of $45.29. The stock has a market cap of $5.18 billion, a P/E ratio of -7.39 and a beta of 1.73. The company has a quick ratio of 1.07, a current ratio of 1.88 and a debt-to-equity ratio of 1.38.

Analysts Set New Price Targets

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