Legal & General Group Plc increased its position in shares of Resideo Technologies Inc (NYSE:REZI) by 5.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 218,735 shares of the company’s stock after purchasing an additional 10,374 shares during the quarter. Legal & General Group Plc owned approximately 0.18% of Resideo Technologies worth $1,058,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. ProShare Advisors LLC bought a new stake in shares of Resideo Technologies in the fourth quarter valued at approximately $131,000. AlphaCrest Capital Management LLC purchased a new position in Resideo Technologies during the first quarter valued at approximately $82,000. Citigroup Inc. grew its stake in Resideo Technologies by 53.3% during the fourth quarter. Citigroup Inc. now owns 19,411 shares of the company’s stock valued at $232,000 after acquiring an additional 6,752 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in Resideo Technologies by 21.4% during the first quarter. Public Employees Retirement Association of Colorado now owns 20,302 shares of the company’s stock valued at $98,000 after acquiring an additional 3,584 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Resideo Technologies by 12.7% during the fourth quarter. Victory Capital Management Inc. now owns 23,151 shares of the company’s stock valued at $276,000 after acquiring an additional 2,604 shares in the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.
Shares of Resideo Technologies stock opened at $11.35 on Wednesday. Resideo Technologies Inc has a 52-week low of $3.72 and a 52-week high of $22.27. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of -42.04, a price-to-earnings-growth ratio of 8.52 and a beta of 1.82. The company has a fifty day moving average of $8.43 and a 200-day moving average of $8.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.14.
In other news, Director Paul F. Deninger purchased 5,125 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was bought at an average cost of $9.63 per share, for a total transaction of $49,353.75. Also, VP Fradin Roger acquired 69,726 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was bought at an average price of $9.38 per share, with a total value of $654,029.88. Following the completion of the acquisition, the vice president now directly owns 168,100 shares in the company, valued at approximately $1,576,778. The disclosure for this purchase can be found here. Insiders have purchased a total of 119,007 shares of company stock valued at $1,081,559 over the last quarter. 0.53% of the stock is currently owned by company insiders.
REZI has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Resideo Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, April 30th. Roth Capital started coverage on shares of Resideo Technologies in a research note on Friday, April 3rd. They issued a “neutral” rating and a $4.00 price target for the company. Imperial Capital boosted their price target on shares of Resideo Technologies from $6.00 to $10.00 and gave the stock an “in-line” rating in a research note on Monday, June 8th. Finally, ValuEngine raised shares of Resideo Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, June 4th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $11.05.
About Resideo Technologies
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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