Brokerages Set Resideo Technologies, Inc. (NYSE:REZI) PT at $39.67

Shares of Resideo Technologies, Inc. (NYSE:REZI) have earned an average recommendation of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $39.6667.

REZI has been the subject 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. Oppenheimer reissued an “outperform” rating on shares of Resideo Technologies in a research note on Friday. Finally, Morgan Stanley raised their target price on shares of Resideo Technologies from $42.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th.

Institutional Trading of Resideo Technologies

Several institutional investors have recently added to or reduced their stakes in the company. Clayton Dubilier & Rice LLC raised its holdings in shares of Resideo Technologies by 12.7% in the fourth quarter. Clayton Dubilier & Rice LLC now owns 14,976,142 shares of the company’s stock worth $525,962,000 after buying an additional 1,689,758 shares during the period. Geode Capital Management LLC boosted its holdings in Resideo Technologies by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 3,501,932 shares of the company’s stock valued at $77,261,000 after acquiring an additional 55,666 shares during the period. Prudential Financial Inc. boosted its holdings in Resideo Technologies by 12.8% during the 2nd quarter. Prudential Financial Inc. now owns 2,860,731 shares of the company’s stock valued at $63,108,000 after acquiring an additional 325,410 shares during the period. Franklin Resources Inc. grew its position in Resideo Technologies by 51.4% in the 4th quarter. Franklin Resources Inc. now owns 2,860,308 shares of the company’s stock valued at $100,454,000 after acquiring an additional 971,643 shares during the last quarter. Finally, Locust Wood Capital Advisers LLC grew its position in Resideo Technologies by 124.6% in the 4th quarter. Locust Wood Capital Advisers LLC now owns 2,649,691 shares of the company’s stock valued at $93,057,000 after acquiring an additional 1,470,077 shares during the last quarter. Institutional investors own 91.71% of the company’s stock.

Resideo Technologies Price Performance

Shares of Resideo Technologies stock opened at $33.57 on Friday. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of -8.33 and a beta of 1.70. 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 stock has a 50 day moving average price of $36.18 and a 200-day moving average price of $36.85. Resideo Technologies has a one year low of $14.18 and a one year high of $45.29.

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.