Resideo Technologies, Inc. (NYSE:REZI) Given Average Rating of “Hold” by Analysts

Shares of Resideo Technologies, Inc. (NYSE:REZI) have been assigned an average rating of “Hold” from the five analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $34.6667.

A number of equities research analysts have recently commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research report on Thursday, January 22nd. Wall Street Zen downgraded Resideo Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Zacks Research lowered Resideo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th.

Institutional Investors Weigh In On Resideo Technologies

A number of institutional investors have recently added to or reduced their stakes in REZI. Larson Financial Group LLC raised its position in Resideo Technologies by 283.8% during the third quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock worth $25,000 after acquiring an additional 420 shares during the period. ORG Partners LLC increased its stake in shares of Resideo Technologies by 588.2% during the third quarter. ORG Partners LLC now owns 585 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares in the last quarter. Cullen Frost Bankers Inc. raised its position in shares of Resideo Technologies by 1,778.8% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 620 shares of the company’s stock worth $27,000 after purchasing an additional 587 shares during the last quarter. Sound Income Strategies LLC purchased a new position in Resideo Technologies in the 4th quarter valued at about $25,000. Finally, Danske Bank A S lifted its stake in Resideo Technologies by 600.0% in the 4th quarter. Danske Bank A S now owns 700 shares of the company’s stock valued at $25,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

Resideo Technologies Stock Up 1.6%

REZI stock opened at $36.71 on Monday. The firm has a market cap of $5.50 billion, a PE ratio of -7.84 and a beta of 1.73. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.07 and a current ratio of 1.88. The firm’s fifty day moving average is $35.92 and its 200 day moving average is $36.36. 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.