Elo Mutual Pension Insurance Co Makes New $708,000 Investment in Resideo Technologies, Inc. $REZI

Elo Mutual Pension Insurance Co bought a new stake in Resideo Technologies, Inc. (NYSE:REZI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 16,402 shares of the company’s stock, valued at approximately $708,000.

Several other hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. lifted its holdings in Resideo Technologies by 108.3% in the second quarter. Russell Investments Group Ltd. now owns 140,886 shares of the company’s stock valued at $3,108,000 after acquiring an additional 73,261 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Resideo Technologies by 274.7% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 83,892 shares of the company’s stock worth $3,622,000 after acquiring an additional 61,504 shares during the period. Clayton Dubilier & Rice LLC increased its stake in Resideo Technologies by 130.3% during the third quarter. Clayton Dubilier & Rice LLC now owns 13,286,384 shares of the company’s stock worth $573,706,000 after acquiring an additional 7,516,233 shares during the last quarter. Vise Technologies Inc. purchased a new stake in Resideo Technologies in the second quarter valued at $258,000. Finally, CSM Advisors LLC purchased a new stake in Resideo Technologies in the second quarter valued at $3,819,000. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Wall Street Analysts Forecast Growth

REZI has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a research note on Thursday, January 22nd. Wall Street Zen lowered shares of Resideo Technologies from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Morgan Stanley upped 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. Finally, Zacks Research lowered shares of 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $39.67.

Resideo Technologies Price Performance

Shares of REZI opened at $34.00 on Friday. The company has a market cap of $5.14 billion, a P/E ratio of -8.44 and a beta of 1.71. Resideo Technologies, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $45.29. The company has a quick ratio of 1.14, a current ratio of 1.91 and a debt-to-equity ratio of 1.30. The firm’s 50 day moving average price is $36.27 and its 200 day moving average price is $36.77.

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.