Resideo Technologies, Inc. (NYSE:REZI) Shares Bought by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. boosted its stake in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 34.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 205,600 shares of the company's stock after purchasing an additional 53,000 shares during the period. Nicola Wealth Management LTD. owned approximately 0.14% of Resideo Technologies worth $4,141,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of REZI. MQS Management LLC acquired a new position in Resideo Technologies in the 3rd quarter worth about $261,000. Victory Capital Management Inc. raised its position in Resideo Technologies by 14.3% during the third quarter. Victory Capital Management Inc. now owns 165,748 shares of the company's stock worth $3,338,000 after acquiring an additional 20,723 shares during the period. Entropy Technologies LP purchased a new position in Resideo Technologies during the third quarter valued at $397,000. State of New Jersey Common Pension Fund D grew its position in shares of Resideo Technologies by 12.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 97,282 shares of the company's stock valued at $1,959,000 after purchasing an additional 10,515 shares during the period. Finally, River Global Investors LLP increased its stake in shares of Resideo Technologies by 3.8% during the third quarter. River Global Investors LLP now owns 108,413 shares of the company's stock worth $2,182,000 after purchasing an additional 3,982 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company's stock.

Wall Street Analyst Weigh In

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

Resideo Technologies Price Performance

REZI stock traded up $0.01 during midday trading on Thursday, reaching $25.37. The stock had a trading volume of 1,124,942 shares, compared to its average volume of 872,197. Resideo Technologies, Inc. has a 52-week low of $16.05 and a 52-week high of $25.63. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 22.86 and a beta of 2.09. The company's fifty day simple moving average is $20.42 and its 200 day simple moving average is $20.38. 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 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.