Connor Clark & Lunn Investment Management Ltd. Makes New $1.08 Million Investment in Resideo Technologies, Inc. (NYSE:REZI)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 53,648 shares of the company's stock, valued at approximately $1,080,000.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in Resideo Technologies by 50.0% during the second quarter. GAMMA Investing LLC now owns 1,592 shares of the company's stock worth $31,000 after purchasing an additional 531 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Resideo Technologies by 1,740.5% in the 3rd quarter. International Assets Investment Management LLC now owns 2,135 shares of the company's stock worth $43,000 after buying an additional 2,019 shares in the last quarter. Blue Trust Inc. grew its stake in Resideo Technologies by 55.0% in the 3rd quarter. Blue Trust Inc. now owns 2,515 shares of the company's stock valued at $49,000 after acquiring an additional 892 shares during the last quarter. Quarry LP raised its position in Resideo Technologies by 79.7% during the second quarter. Quarry LP now owns 2,892 shares of the company's stock worth $57,000 after acquiring an additional 1,283 shares during the last quarter. Finally, nVerses Capital LLC lifted its holdings in shares of Resideo Technologies by 1,166.7% in the second quarter. nVerses Capital LLC now owns 3,800 shares of the company's stock valued at $74,000 after purchasing an additional 3,500 shares in the last quarter. Hedge funds and other institutional investors own 91.71% of the company's stock.

Insider Transactions at Resideo Technologies

In other Resideo Technologies news, insider Robert B. Aarnes sold 98,829 shares of Resideo Technologies 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 completion of the sale, the insider now directly owns 458,928 shares of the company's stock, valued at approximately $12,005,556.48. The trade was a 17.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.50% of the company's stock.

Resideo Technologies Price Performance

Resideo Technologies stock traded down $0.18 during midday trading on Thursday, reaching $27.14. 659,497 shares of the company were exchanged, compared to its average volume of 876,092. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 24.45 and a beta of 2.09. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82. The firm's 50-day simple moving average is $21.87 and its 200-day simple moving average is $20.77. Resideo Technologies, Inc. has a 1 year low of $16.16 and a 1 year high of $28.28.

Analyst Upgrades and Downgrades

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

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.