Choreo LLC Buys New Holdings in Resideo Technologies, Inc. $REZI

Choreo LLC purchased a new position in shares of Resideo Technologies, Inc. (NYSE:REZI) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,451 shares of the company’s stock, valued at approximately $840,000.

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

Resideo Technologies Stock Down 2.5%

Shares of NYSE REZI opened at $37.35 on Wednesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.14 and a current ratio of 1.91. Resideo Technologies, Inc. has a 1 year low of $14.18 and a 1 year high of $45.29. The stock’s 50-day simple moving average is $36.27 and its 200-day simple moving average is $36.76. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of -9.27 and a beta of 1.71.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on REZI. Wall Street Zen downgraded Resideo Technologies from a “buy” rating to a “hold” rating in a report 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. Morgan Stanley raised their target price on Resideo Technologies from $42.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Resideo Technologies has an average rating of “Hold” and a consensus price target of $39.67.

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.