Gamco Investors INC. ET AL Has $16.09 Million Stock Position in Resideo Technologies, Inc. $REZI

Gamco Investors INC. ET AL cut its stake in Resideo Technologies, Inc. (NYSE:REZI) by 8.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 372,710 shares of the company’s stock after selling 36,441 shares during the period. Gamco Investors INC. ET AL’s holdings in Resideo Technologies were worth $16,094,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in REZI. Russell Investments Group Ltd. lifted its position in shares of Resideo Technologies by 108.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 140,886 shares of the company’s stock worth $3,108,000 after purchasing an additional 73,261 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Resideo Technologies by 274.7% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 83,892 shares of the company’s stock worth $3,622,000 after buying an additional 61,504 shares during the period. Clayton Dubilier & Rice LLC raised 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 buying an additional 7,516,233 shares during the last quarter. Vise Technologies Inc. bought a new position in Resideo Technologies during the second quarter worth $258,000. Finally, CSM Advisors LLC acquired a new position in Resideo Technologies in the second quarter valued at $3,819,000. Institutional investors own 91.71% of the company’s stock.

Wall Street Analyst Weigh In

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

Resideo Technologies Stock Down 5.4%

Resideo Technologies stock opened at $34.00 on Friday. The company has a market capitalization of $5.14 billion, a PE ratio of -8.44 and a beta of 1.71. Resideo Technologies, Inc. has a 12-month low of $14.18 and a 12-month high of $45.29. The firm’s fifty day moving average is $36.27 and its 200 day moving average is $36.80. The company has a quick ratio of 1.14, a current ratio of 1.91 and a debt-to-equity ratio of 1.30.

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.