Citigroup Inc. Increases Stock Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Citigroup Inc. lifted its position in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 47.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 197,142 shares of the company's stock after acquiring an additional 63,501 shares during the quarter. Citigroup Inc. owned 0.13% of Resideo Technologies worth $3,970,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in REZI. Nilsine Partners LLC grew its holdings in shares of Resideo Technologies by 3.3% in the 2nd quarter. Nilsine Partners LLC now owns 14,256 shares of the company's stock worth $279,000 after acquiring an additional 452 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Resideo Technologies by 3.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 13,702 shares of the company's stock worth $268,000 after purchasing an additional 454 shares during the last quarter. Quest Partners LLC increased its stake in Resideo Technologies by 2.3% during the third quarter. Quest Partners LLC now owns 22,045 shares of the company's stock valued at $444,000 after acquiring an additional 505 shares during the period. GAMMA Investing LLC increased its stake in Resideo Technologies by 50.0% during the second quarter. GAMMA Investing LLC now owns 1,592 shares of the company's stock valued at $31,000 after acquiring an additional 531 shares during the period. Finally, Arizona State Retirement System grew its stake in shares of Resideo Technologies by 1.3% in the 2nd quarter. Arizona State Retirement System now owns 40,683 shares of the company's stock valued at $796,000 after purchasing an additional 535 shares during the period. Institutional investors own 91.71% of the company's stock.

Insider Activity

In other news, insider Robert B. Aarnes sold 98,829 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $26.16, for a total value of $2,585,366.64. Following the sale, the insider now directly owns 458,928 shares in the company, valued at approximately $12,005,556.48. This trade represents a 17.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company's stock.

Resideo Technologies Stock Down 0.7 %

Shares of REZI stock traded down $0.19 during trading on Wednesday, reaching $27.56. The company's stock had a trading volume of 649,361 shares, compared to its average volume of 874,132. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69. The business has a fifty day moving average price of $22.49 and a 200-day moving average price of $20.92. Resideo Technologies, Inc. has a one year low of $16.36 and a one year high of $28.28. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 24.83 and a beta of 2.17.

Analyst Upgrades and Downgrades

Separately, Evercore ISI began coverage on shares of Resideo Technologies in a research note on Friday, August 9th. They issued an "outperform" rating and a $25.00 target price for the company.

Resideo Technologies Profile

Resideo Technologies, Inc develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution.