Edgestream Partners L.P. Takes Position in Resideo Technologies, Inc. (NYSE:REZI)

Edgestream Partners L.P. bought a new position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 224,946 shares of the company's stock, valued at approximately $4,530,000. Edgestream Partners L.P. owned approximately 0.15% of Resideo Technologies at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its position in shares of Resideo Technologies by 6.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 93,882 shares of the company's stock valued at $2,106,000 after purchasing an additional 5,299 shares during the last quarter. Tidal Investments LLC raised its stake in Resideo Technologies by 27.1% in the first quarter. Tidal Investments LLC now owns 23,024 shares of the company's stock valued at $516,000 after buying an additional 4,913 shares in the last quarter. GAMMA Investing LLC raised its stake in Resideo Technologies by 50.0% in the second quarter. GAMMA Investing LLC now owns 1,592 shares of the company's stock valued at $31,000 after buying an additional 531 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Resideo Technologies by 57.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 71,099 shares of the company's stock worth $1,391,000 after acquiring an additional 25,980 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC increased its stake in Resideo Technologies by 10.1% in the second quarter. Linden Thomas Advisory Services LLC now owns 20,961 shares of the company's stock valued at $410,000 after purchasing an additional 1,920 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Resideo Technologies

In other Resideo Technologies news, insider Robert B. Aarnes sold 98,829 shares of Resideo Technologies stock in a transaction 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 transaction, the insider now directly owns 458,928 shares in the company, valued at approximately $12,005,556.48. The trade was a 17.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by company insiders.

Resideo Technologies Stock Performance

Shares of NYSE REZI traded up $0.04 during trading hours on Friday, reaching $27.18. The stock had a trading volume of 459,359 shares, compared to its average volume of 1,060,775. The firm has a 50-day moving average of $22.16 and a 200-day moving average of $20.84. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 24.49 and a beta of 2.09. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. Resideo Technologies, Inc. has a fifty-two week low of $16.16 and a fifty-two week high of $28.28.

About Resideo Technologies

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.