Fisher Asset Management LLC Buys 981 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Fisher Asset Management LLC lifted its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 0.2% in the 3rd quarter, Holdings Channel reports. The fund owned 568,737 shares of the company’s stock after acquiring an additional 981 shares during the quarter. Fisher Asset Management LLC’s holdings in Resideo Technologies were worth $11,454,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Pacer Advisors Inc. boosted its stake in Resideo Technologies by 14.8% in the 2nd quarter. Pacer Advisors Inc. now owns 6,104,301 shares of the company’s stock worth $119,400,000 after purchasing an additional 787,934 shares during the period. D. E. Shaw & Co. Inc. boosted its position in shares of Resideo Technologies by 53.4% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,214,375 shares of the company’s stock worth $23,753,000 after buying an additional 422,730 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Resideo Technologies by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 7,822,902 shares of the company’s stock worth $153,015,000 after buying an additional 397,864 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in Resideo Technologies by 167.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 542,409 shares of the company’s stock valued at $10,610,000 after buying an additional 339,434 shares during the last quarter. Finally, Pembroke Management LTD bought a new stake in Resideo Technologies in the 3rd quarter valued at approximately $5,927,000. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Evercore ISI started coverage on shares of Resideo Technologies in a research note on Friday, August 9th. They set an “outperform” rating and a $25.00 price target for the company.

Insider Buying and Selling

In related news, insider Robert B. Aarnes sold 98,829 shares of the business’s stock in a transaction on 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 directly owns 458,928 shares in the company, valued at approximately $12,005,556.48. The trade was a 17.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Resideo Technologies Trading Down 0.7 %

Resideo Technologies stock opened at $27.14 on Thursday. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 24.45 and a beta of 2.09. The firm has a 50-day moving average of $21.71 and a 200-day moving average of $20.72. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. Resideo Technologies, Inc. has a one year low of $16.16 and a one year high of $28.28.

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.