Weiss Asset Management LP Makes New $9.22 Million Investment in Resideo Technologies, Inc. (NYSE:REZI)

Weiss Asset Management LP bought a new stake in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 457,668 shares of the company's stock, valued at approximately $9,217,000. Weiss Asset Management LP owned approximately 0.31% of Resideo Technologies as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of REZI. Horizon Kinetics Asset Management LLC boosted its holdings in Resideo Technologies by 32.3% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 87,112 shares of the company's stock valued at $1,754,000 after acquiring an additional 21,266 shares during the period. Citigroup Inc. raised its position in shares of Resideo Technologies by 47.5% in the 3rd quarter. Citigroup Inc. now owns 197,142 shares of the company's stock worth $3,970,000 after acquiring an additional 63,501 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Resideo Technologies by 3.1% during the third quarter. Principal Financial Group Inc. now owns 742,628 shares of the company's stock valued at $14,957,000 after buying an additional 22,353 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Resideo Technologies by 53.4% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,214,375 shares of the company's stock valued at $23,753,000 after acquiring an additional 422,730 shares in the last quarter. Finally, AXA S.A. increased its position in shares of Resideo Technologies by 198.8% during the second quarter. AXA S.A. now owns 100,427 shares of the company's stock worth $1,964,000 after purchasing an additional 66,817 shares in the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

Resideo Technologies Stock Performance

Shares of NYSE:REZI traded up $0.26 during trading on Friday, hitting $27.26. 873,667 shares of the stock traded hands, compared to its average volume of 871,315. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 24.32 and a beta of 2.17. 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 fifty day moving average price of $22.80 and a two-hundred day moving average price of $21.01. Resideo Technologies, Inc. has a 52-week low of $16.36 and a 52-week high of $28.28.

Analyst Upgrades and Downgrades

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

Insider Activity

In other 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 transaction of $2,585,366.64. Following the transaction, the insider now owns 458,928 shares of the company's stock, valued at approximately $12,005,556.48. The trade was a 17.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.50% of the company's 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.