Franklin Resources Inc. Has $3.59 Million Stock Position in Resideo Technologies, Inc. (NYSE:REZI)

Franklin Resources Inc. lifted its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 45.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 171,792 shares of the company's stock after purchasing an additional 53,541 shares during the quarter. Franklin Resources Inc. owned 0.12% of Resideo Technologies worth $3,592,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in REZI. International Assets Investment Management LLC increased its holdings in 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 valued at $43,000 after buying an additional 2,019 shares during the period. Blue Trust Inc. boosted its position in shares of Resideo Technologies by 55.0% during the 3rd quarter. Blue Trust Inc. now owns 2,515 shares of the company's stock worth $49,000 after acquiring an additional 892 shares in the last quarter. Quarry LP increased its stake in Resideo Technologies by 79.7% in the second quarter. Quarry LP now owns 2,892 shares of the company's stock valued at $57,000 after acquiring an additional 1,283 shares during the last quarter. GAMMA Investing LLC raised its position in Resideo Technologies by 105.5% during the third quarter. GAMMA Investing LLC now owns 3,271 shares of the company's stock valued at $66,000 after purchasing an additional 1,679 shares in the last quarter. Finally, nVerses Capital LLC raised its position in Resideo Technologies by 1,166.7% during 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. 91.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Resideo Technologies

In related news, insider Robert B. Aarnes sold 98,829 shares of the firm's 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 completion of the transaction, the insider now directly owns 458,928 shares of the company's stock, valued at $12,005,556.48. This trade represents a 17.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.50% of the company's stock.

Resideo Technologies Price Performance

Shares of REZI stock traded up $0.34 during trading hours on Wednesday, reaching $24.54. The company's stock had a trading volume of 278,184 shares, compared to its average volume of 907,484. Resideo Technologies, Inc. has a fifty-two week low of $16.36 and a fifty-two week high of $28.28. The firm's 50 day simple moving average is $24.35 and its 200-day simple moving average is $21.42. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 22.11 and a beta of 2.17.

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.