1,753 Shares in Resideo Technologies Inc (NYSE:REZI) Purchased by Valley National Advisers Inc.

Valley National Advisers Inc. acquired a new position in shares of Resideo Technologies Inc (NYSE:REZI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,753 shares of the company’s stock, valued at approximately $36,000.

A number of other hedge funds have also recently modified their holdings of the stock. Resources Management Corp CT ADV acquired a new position in shares of Resideo Technologies in the 4th quarter valued at about $68,000. Psagot Investment House Ltd. bought a new position in shares of Resideo Technologies in the fourth quarter valued at approximately $174,000. Advisory Services Network LLC bought a new position in Resideo Technologies during the fourth quarter valued at $33,000. Amalgamated Bank bought a new position in Resideo Technologies during the fourth quarter valued at $341,000. Finally, Public Employees Retirement System of Ohio bought a new position in Resideo Technologies during the fourth quarter valued at $3,172,000. Institutional investors and hedge funds own 72.85% of the company’s stock.

In other Resideo Technologies news, Director Roger Fradin bought 25,000 shares of the stock in a transaction dated Tuesday, March 12th. The stock was purchased at an average cost of $20.41 per share, for a total transaction of $510,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought 26,452 shares of company stock valued at $541,562 over the last quarter.

REZI has been the subject of several research reports. Zacks Investment Research lowered Resideo Technologies from a “buy” rating to a “sell” rating in a report on Wednesday, February 6th. Bank of America reaffirmed 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. Imperial Capital began coverage on Resideo Technologies in a report on Tuesday, March 12th. They issued an “outperform” rating and a $24.00 price target for the company. Oppenheimer set a $30.00 price target on Resideo Technologies and gave the stock a “buy” rating in a report on Thursday, March 7th. Finally, ValuEngine raised Resideo Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Resideo Technologies currently has a consensus rating of “Hold” and a consensus target price of $25.00.

NYSE REZI traded down $0.05 during trading hours on Friday, reaching $20.66. 610,597 shares of the stock traded hands, compared to its average volume of 1,061,109. The company has a quick ratio of 0.79, a current ratio of 1.21 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $2.53 billion and a price-to-earnings ratio of 8.36. Resideo Technologies Inc has a 1 year low of $17.60 and a 1 year high of $28.67.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.23). The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. The company’s revenue was up 4.7% compared to the same quarter last year. On average, equities analysts expect that Resideo Technologies Inc will post 1.97 earnings per share for the current fiscal year.

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

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