Foundry Partners LLC Reduces Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Foundry Partners LLC trimmed its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 31.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,776 shares of the company's stock after selling 101,323 shares during the quarter. Foundry Partners LLC owned approximately 0.15% of Resideo Technologies worth $4,426,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Resideo Technologies by 50.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,592 shares of the company's stock valued at $31,000 after purchasing an additional 531 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Resideo Technologies by 1,740.5% during the third 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 during the period. Blue Trust Inc. raised its holdings in shares of 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 buying an additional 892 shares during the period. Quarry LP lifted its stake in Resideo Technologies by 79.7% during the 2nd quarter. Quarry LP now owns 2,892 shares of the company's stock worth $57,000 after acquiring an additional 1,283 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in shares of Resideo Technologies in the first quarter valued at approximately $70,000. Institutional investors and hedge funds own 91.71% of the company's stock.

Wall Street Analyst Weigh In

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

Resideo Technologies Stock Performance

Shares of NYSE:REZI traded up $0.84 during trading on Friday, reaching $27.21. The company had a trading volume of 987,199 shares, compared to its average volume of 874,300. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. The stock's fifty day moving average price is $21.21 and its 200 day moving average price is $20.60. Resideo Technologies, Inc. has a fifty-two week low of $16.16 and a fifty-two week high of $27.33. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 24.42 and a beta of 2.09.

Insider Buying and Selling

In other Resideo Technologies news, insider Robert B. Aarnes sold 98,829 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $26.16, for a total transaction of $2,585,366.64. Following the transaction, the insider now owns 458,928 shares of the company's stock, valued at $12,005,556.48. This represents a 17.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.50% of the stock is currently owned by corporate insiders.

Resideo Technologies Company 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.