Victory Capital Management Inc. Boosts Stock Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Victory Capital Management Inc. grew its position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 14.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,748 shares of the company's stock after acquiring an additional 20,723 shares during the quarter. Victory Capital Management Inc. owned about 0.11% of Resideo Technologies worth $3,338,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC increased its stake in 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 in the last quarter. International Assets Investment Management LLC grew its holdings 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 valued at $43,000 after buying an additional 2,019 shares during the last quarter. Blue Trust Inc. increased its position in shares of Resideo Technologies by 55.0% during the third 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 raised its holdings in shares of Resideo Technologies by 79.7% in 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 during the last quarter. Finally, EntryPoint Capital LLC bought a new position in Resideo Technologies in the 1st quarter valued at about $70,000. 91.71% of the stock is owned by institutional investors and hedge funds.

Resideo Technologies Stock Performance

Shares of Resideo Technologies stock traded up $0.84 during mid-day trading on Friday, hitting $27.21. 987,201 shares of the stock were exchanged, compared to its average volume of 989,868. The company has a market capitalization of $4.00 billion, a P/E ratio of 24.51 and a beta of 2.09. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82. The company has a 50-day simple moving average of $21.38 and a 200 day simple moving average of $20.64. Resideo Technologies, Inc. has a 12 month low of $16.16 and a 12 month high of $27.33.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Resideo Technologies news, insider Robert B. Aarnes sold 98,829 shares of the business's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $26.16, for a total value of $2,585,366.64. Following the transaction, the insider now directly owns 458,928 shares in the company, valued at $12,005,556.48. The trade was a 17.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

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.