Hotchkis & Wiley Capital Management LLC Purchases 308,060 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Hotchkis & Wiley Capital Management LLC increased its stake in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 98.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 621,560 shares of the company's stock after buying an additional 308,060 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.42% of Resideo Technologies worth $12,518,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Nilsine Partners LLC lifted its position in shares of Resideo Technologies by 3.3% during the 2nd quarter. Nilsine Partners LLC now owns 14,256 shares of the company's stock valued at $279,000 after buying 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 valued at $268,000 after buying an additional 454 shares during the last quarter. Quest Partners LLC lifted its position in shares of Resideo Technologies by 2.3% during the 3rd quarter. Quest Partners LLC now owns 22,045 shares of the company's stock valued at $444,000 after buying an additional 505 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Resideo Technologies by 50.0% during 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 period. Finally, Arizona State Retirement System raised its stake in shares of Resideo Technologies by 1.3% during 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.

Resideo Technologies Price Performance

NYSE REZI 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 stock has a market capitalization of $4.05 billion, a PE ratio of 24.83 and a beta of 2.17. 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 firm has a fifty day moving average of $22.66 and a 200 day moving average of $20.96. Resideo Technologies, Inc. has a one year low of $16.36 and a one year high of $28.28.

Insiders Place Their Bets

In other Resideo Technologies news, insider Robert B. Aarnes sold 98,829 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was 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 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 filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

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

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.