Citigroup Inc. Boosts Stock Holdings in Resideo Technologies, Inc. $REZI

Citigroup Inc. lifted its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 44.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 214,326 shares of the company’s stock after purchasing an additional 65,449 shares during the period. Citigroup Inc. owned about 0.14% of Resideo Technologies worth $9,255,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of REZI. Wealth Enhancement Advisory Services LLC raised its stake in Resideo Technologies by 2.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,912 shares of the company’s stock worth $455,000 after buying an additional 262 shares in the last quarter. CWM LLC raised its position in shares of Resideo Technologies by 4.3% in the 3rd quarter. CWM LLC now owns 7,263 shares of the company’s stock worth $314,000 after acquiring an additional 300 shares in the last quarter. Amalgamated Bank lifted its stake in shares of Resideo Technologies by 1.0% during the 2nd quarter. Amalgamated Bank now owns 42,164 shares of the company’s stock worth $930,000 after purchasing an additional 415 shares during the last quarter. ORG Partners LLC boosted its position in Resideo Technologies by 588.2% during the third quarter. ORG Partners LLC now owns 585 shares of the company’s stock valued at $25,000 after purchasing an additional 500 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Resideo Technologies by 3.6% in the third quarter. PNC Financial Services Group Inc. now owns 15,163 shares of the company’s stock valued at $655,000 after purchasing an additional 520 shares during the last quarter. 91.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on REZI. Wall Street Zen lowered shares of Resideo Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Morgan Stanley increased their target price on shares of Resideo Technologies from $42.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Zacks Research lowered shares of Resideo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $39.67.

Resideo Technologies Trading Down 4.5%

NYSE:REZI opened at $38.67 on Monday. The company has a market capitalization of $5.85 billion, a P/E ratio of -9.60 and a beta of 1.70. The company has a current ratio of 1.91, a quick ratio of 1.14 and a debt-to-equity ratio of 1.30. Resideo Technologies, Inc. has a 12 month low of $14.18 and a 12 month high of $45.29. The firm has a fifty day simple moving average of $36.18 and a 200-day simple moving average of $36.67.

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.