Algert Global LLC Acquires 52,180 Shares of Resideo Technologies, Inc. $REZI

Algert Global LLC boosted its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 47.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 161,130 shares of the company’s stock after purchasing an additional 52,180 shares during the quarter. Algert Global LLC owned about 0.11% of Resideo Technologies worth $6,958,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Clayton Dubilier & Rice LLC increased its holdings in shares of Resideo Technologies by 130.3% in the 3rd quarter. Clayton Dubilier & Rice LLC now owns 13,286,384 shares of the company’s stock worth $573,706,000 after buying an additional 7,516,233 shares during the last quarter. Geode Capital Management LLC increased its stake in Resideo Technologies by 1.6% during the second quarter. Geode Capital Management LLC now owns 3,501,932 shares of the company’s stock worth $77,261,000 after acquiring an additional 55,666 shares during the last quarter. Prudential Financial Inc. raised its position in Resideo Technologies by 12.8% during the second quarter. Prudential Financial Inc. now owns 2,860,731 shares of the company’s stock valued at $63,108,000 after purchasing an additional 325,410 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Resideo Technologies by 365.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,966,157 shares of the company’s stock valued at $84,899,000 after purchasing an additional 1,543,952 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Resideo Technologies by 1,325.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,888,665 shares of the company’s stock valued at $81,553,000 after purchasing an additional 1,756,131 shares during the last quarter. Institutional investors own 91.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on REZI shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a report on Thursday, January 22nd. Oppenheimer restated an “outperform” rating on shares of Resideo Technologies in a report on Friday. Finally, Morgan Stanley raised their price target on Resideo Technologies from $42.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $39.67.

Resideo Technologies Trading Up 1.4%

Shares of REZI opened at $34.04 on Tuesday. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of -8.45 and a beta of 1.70. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.91 and a quick ratio of 1.14. Resideo Technologies, Inc. has a 1-year low of $14.18 and a 1-year high of $45.29. The company has a 50-day moving average of $36.14 and a 200 day moving average of $36.85.

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.