Neuburgh Advisers LLC acquired a new position in shares of Resideo Technologies Inc (NYSE:REZI) during the fourth quarter, Holdings Channel reports. The fund acquired 20,808 shares of the company’s stock, valued at approximately $428,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of REZI. BlackRock Inc. purchased a new position in Resideo Technologies during the 4th quarter worth $209,847,000. Investec Asset Management LTD purchased a new position in Resideo Technologies during the 4th quarter worth $60,825,000. Hudson Bay Capital Management LP purchased a new position in Resideo Technologies during the 4th quarter worth $35,401,000. Prudential Financial Inc. purchased a new position in Resideo Technologies during the 4th quarter worth $34,566,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in Resideo Technologies during the 4th quarter worth $31,603,000. 71.74% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:REZI opened at $20.01 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.79 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $2.46 billion and a P/E ratio of 8.10. Resideo Technologies Inc has a fifty-two week low of $17.60 and a fifty-two week high of $28.67.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.23). The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.25 billion. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts expect that Resideo Technologies Inc will post 2.18 EPS for the current year.

A number of equities analysts have issued reports on REZI shares. Oppenheimer set a $35.00 price objective on shares of Resideo Technologies and gave the stock a “buy” rating in a report on Wednesday, December 5th. Bank of America started coverage on shares of Resideo Technologies in a report on Thursday, December 6th. They set a “buy” rating and a $28.00 price objective on the stock. Zacks Investment Research raised shares of Resideo Technologies from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective on the stock in a report on Wednesday, December 26th. ValuEngine raised shares of Resideo Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Imperial Capital started coverage on shares of Resideo Technologies in a report on Tuesday, March 12th. They set an “outperform” rating and a $24.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $25.00.

In related news, Director Roger Fradin purchased 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were bought at an average cost of $20.41 per share, with a total value of $510,250.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders purchased a total of 25,438 shares of company stock worth $521,149 over the last three months.

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Resideo Technologies Company Profile

Resideo Technologies, Inc provides critical residential comfort and security solutions in the United States, Europe, and internationally. It operates through two segments, Production and Distribution. The company offers comfort and care products, including temperature and humidity control, thermal, water, air, remote patient monitoring software, and software solutions; and security and safety products, such as security panels, sensors, peripherals, wires and cables, communication devices, video cameras, awareness solutions, cloud infrastructure, and installation and maintenance tools and software products.

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Institutional Ownership by Quarter for Resideo Technologies (NYSE:REZI)

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