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Intech Investment Management LLC Purchases 29,861 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Resideo Technologies logo with Industrial Products background

Intech Investment Management LLC lifted its position in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 63.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,748 shares of the company's stock after purchasing an additional 29,861 shares during the quarter. Intech Investment Management LLC owned 0.05% of Resideo Technologies worth $1,546,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Nilsine Partners LLC raised its stake in shares of Resideo Technologies by 3.3% in the second quarter. Nilsine Partners LLC now owns 14,256 shares of the company's stock valued at $279,000 after purchasing an additional 452 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Resideo Technologies by 3.4% during the second quarter. Commonwealth Equity Services LLC now owns 13,702 shares of the company's stock worth $268,000 after acquiring an additional 454 shares in the last quarter. Quest Partners LLC raised 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 worth $444,000 after acquiring an additional 505 shares in the last quarter. GAMMA Investing LLC raised 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 worth $31,000 after acquiring an additional 531 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in Resideo Technologies by 1.3% during the second quarter. Arizona State Retirement System now owns 40,683 shares of the company's stock worth $796,000 after acquiring an additional 535 shares in the last quarter. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Read Our Latest Analysis on REZI

Insider Transactions at Resideo Technologies

In other 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 sale, the insider now owns 458,928 shares in the company, valued at approximately $12,005,556.48. This represents a 17.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.50% of the company's stock.

Resideo Technologies Price Performance

Shares of REZI stock traded down $0.37 during trading hours on Tuesday, hitting $27.32. 807,841 shares of the company's stock were exchanged, compared to its average volume of 877,034. The stock's 50-day moving average is $21.55 and its 200-day moving average is $20.68. 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 has a market cap of $4.02 billion, a price-to-earnings ratio of 24.68 and a beta of 2.09. Resideo Technologies, Inc. has a 52 week low of $16.16 and a 52 week high of $28.28.

Resideo Technologies Company Profile

(Free Report)

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.

Further Reading

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

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