Resideo Technologies, Inc. $REZI Stock Holdings Increased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 56.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,185 shares of the company’s stock after buying an additional 17,026 shares during the period. Harbor Capital Advisors Inc.’s holdings in Resideo Technologies were worth $1,657,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several brokerages have recently commented on REZI. Oppenheimer reaffirmed an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Resideo Technologies in a research note on Thursday, January 22nd. Finally, Morgan Stanley boosted their price objective on Resideo Technologies from $42.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Two research 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 has a consensus rating of “Hold” and a consensus target price of $39.67.

Resideo Technologies Trading Up 0.1%

Resideo Technologies stock opened at $34.66 on Friday. Resideo Technologies, Inc. has a 52 week low of $14.18 and a 52 week high of $45.29. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.14 and a current ratio of 1.91. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of -8.60 and a beta of 1.70. The company has a 50 day moving average price of $35.34 and a 200 day moving average price of $36.66.

Resideo Technologies 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.