New Potomac Partners LLC purchased a new stake 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 & Exchange Commission. The firm purchased 2,025 shares of the company’s stock, valued at approximately $42,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bartlett & Co. LLC bought a new position in shares of Resideo Technologies during the fourth quarter valued at about $32,000. TCI Wealth Advisors Inc. bought a new position in shares of Resideo Technologies during the fourth quarter valued at about $79,000. Sit Investment Associates Inc. bought a new position in shares of Resideo Technologies during the fourth quarter valued at about $184,000. Douglas Lane & Associates LLC bought a new position in shares of Resideo Technologies during the fourth quarter valued at about $301,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Resideo Technologies during the fourth quarter valued at about $352,000. Institutional investors and hedge funds own 0.43% of the company’s stock.

Shares of REZI stock traded down $0.63 during trading hours on Wednesday, hitting $20.47. 34,644 shares of the company’s stock traded hands, compared to its average volume of 971,994. Resideo Technologies Inc has a 12-month low of $18.77 and a 12-month high of $28.67.

Resideo Technologies (NYSE:REZI) last released its earnings results on Tuesday, November 13th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.41. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. Sell-side analysts predict that Resideo Technologies Inc will post 3.64 EPS for the current year.

In other news, insider Stephen Montgomery Kelly acquired 2,300 shares of the firm’s stock in a transaction that occurred on Thursday, December 13th. The stock was bought at an average cost of $21.60 per share, for a total transaction of $49,680.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph Douglas Ragan III acquired 4,809 shares of the firm’s stock in a transaction that occurred on Monday, December 10th. The stock was purchased at an average price of $21.04 per share, with a total value of $101,181.36. The disclosure for this purchase can be found here. Insiders have bought 24,609 shares of company stock valued at $515,961 over the last quarter.

Several research firms recently issued reports on REZI. Oppenheimer set a $35.00 target price on Resideo Technologies and gave the stock a “buy” rating in a research note on Tuesday, November 13th. ValuEngine raised Resideo Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Bank of America began coverage on Resideo Technologies in a research note on Thursday, December 6th. They issued a “buy” rating and a $28.00 target price on the stock. Finally, Zacks Investment Research raised Resideo Technologies from a “hold” rating to a “strong-buy” rating and set a $23.00 target price on the stock in a research note on Wednesday, December 26th.

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Resideo Technologies Company Profile

Resideo Technologies, Inc provides critical residential comfort and security solutions in the United States, Europe, and internationally. It operates through two segments, Production and Distribution. The company offers comfort and care products, including temperature and humidity control, thermal, water, air, remote patient monitoring software, and software solutions; and security and safety products, such as security panels, sensors, peripherals, wires and cables, communication devices, video cameras, awareness solutions, cloud infrastructure, and installation and maintenance tools.

See Also: Bid-Ask Spread

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

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