Resideo Technologies, Inc. $REZI Stake Lowered by Public Sector Pension Investment Board

Public Sector Pension Investment Board trimmed its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 5.6% during the third quarter, Holdings Channel reports. The firm owned 533,896 shares of the company’s stock after selling 31,529 shares during the period. Public Sector Pension Investment Board’s holdings in Resideo Technologies were worth $23,054,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. ORG Partners LLC increased its position in Resideo Technologies by 588.2% in the third quarter. ORG Partners LLC now owns 585 shares of the company’s stock worth $25,000 after buying an additional 500 shares during the period. Cullen Frost Bankers Inc. grew its position in shares of Resideo Technologies by 1,778.8% during the third quarter. Cullen Frost Bankers Inc. now owns 620 shares of the company’s stock worth $27,000 after acquiring an additional 587 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Resideo Technologies during the second quarter worth about $34,000. Jones Financial Companies Lllp increased its holdings in shares of Resideo Technologies by 128.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 934 shares of the company’s stock worth $39,000 after acquiring an additional 525 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new stake in Resideo Technologies in the 3rd quarter valued at about $43,000. Institutional investors and hedge funds own 91.71% of the company’s stock.

Resideo Technologies Trading Up 0.6%

Resideo Technologies stock opened at $35.80 on Friday. The firm has a 50 day simple moving average of $35.78 and a 200-day simple moving average of $35.88. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.88 and a quick ratio of 1.07. The stock has a market capitalization of $5.36 billion, a PE ratio of -7.65 and a beta of 1.73. Resideo Technologies, Inc. has a 12-month low of $14.18 and a 12-month high of $45.29.

Analyst Upgrades and Downgrades

Several research firms have commented on REZI. Wall Street Zen cut shares of Resideo Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Resideo Technologies in a report on Thursday, January 22nd. Finally, Zacks Research cut Resideo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Resideo Technologies has an average rating of “Hold” and a consensus price target of $34.67.

About Resideo Technologies

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.