Macquarie Group Ltd. Invests $95,000 in Resideo Technologies Inc (REZI) Stock

Macquarie Group Ltd. bought a new position in shares of Resideo Technologies Inc (NYSE:REZI) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 4,605 shares of the company’s stock, valued at approximately $95,000.

A number of other institutional investors have also modified their holdings of the business. Financial Advocates Investment Management bought a new stake in shares of Resideo Technologies in the 4th quarter valued at about $698,000. Blume Capital Management Inc. bought a new stake in shares of Resideo Technologies in the 4th quarter valued at about $25,000. Pflug Koory LLC bought a new stake in shares of Resideo Technologies in the 4th quarter valued at about $26,000. Fort L.P. bought a new stake in shares of Resideo Technologies in the 4th quarter valued at about $27,000. Finally, Bedel Financial Consulting Inc. bought a new stake in shares of Resideo Technologies in the 4th quarter valued at about $27,000. Institutional investors own 72.85% of the company’s stock.

REZI has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Resideo Technologies from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Tuesday, March 12th. Bank of America restated a “buy” rating and issued a $24.00 price target (down from $28.00) on shares of Resideo Technologies in a report on Friday, March 8th. Oppenheimer set a $30.00 price target on shares of Resideo Technologies and gave the company a “buy” rating in a report on Thursday, March 7th. ValuEngine upgraded shares of Resideo Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Imperial Capital initiated coverage on shares of Resideo Technologies in a report on Tuesday, March 12th. They issued an “outperform” rating and a $24.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Resideo Technologies currently has an average rating of “Hold” and a consensus target price of $25.00.

NYSE:REZI opened at $20.71 on Thursday. Resideo Technologies Inc has a fifty-two week low of $17.60 and a fifty-two week high of $28.67. The stock has a market capitalization of $2.54 billion and a PE ratio of 8.38. The company has a current ratio of 1.21, a quick ratio of 0.79 and a debt-to-equity ratio of 0.77.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.23). The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.25 billion. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities research analysts forecast that Resideo Technologies Inc will post 1.97 EPS for the current year.

In related news, Director Roger Fradin acquired 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was purchased at an average cost of $20.41 per share, with a total value of $510,250.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders purchased a total of 26,452 shares of company stock valued at $541,562 over the last ninety days.

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Resideo Technologies Company Profile

Resideo Technologies, Inc provides critical comfort, thermal, and security solutions primarily in residential environments in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and Global Distribution. It offers home products, services, and technologies, including temperature and humidity control, water, air, remote patient monitoring software, and software solutions; and residential thermal solutions, such as boiler products, storage gas water heating solutions, ducted solutions, and thermal adjacency solutions.

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

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