Resideo Technologies, Inc. (NYSE:REZI) Shares Bought by Invenomic Capital Management LP

Invenomic Capital Management LP boosted its position in Resideo Technologies, Inc. (NYSE:REZI) by 269.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 271,826 shares of the company’s stock after acquiring an additional 198,238 shares during the period. Invenomic Capital Management LP’s holdings in Resideo Technologies were worth $5,475,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Resideo Technologies by 6.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 93,882 shares of the company’s stock valued at $2,106,000 after acquiring an additional 5,299 shares in the last quarter. Tidal Investments LLC lifted its holdings in Resideo Technologies by 27.1% in the 1st quarter. Tidal Investments LLC now owns 23,024 shares of the company’s stock worth $516,000 after buying an additional 4,913 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Resideo Technologies by 50.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,592 shares of the company’s stock worth $31,000 after buying an additional 531 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Resideo Technologies by 57.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 71,099 shares of the company’s stock worth $1,391,000 after purchasing an additional 25,980 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC increased its position in shares of Resideo Technologies by 10.1% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 20,961 shares of the company’s stock worth $410,000 after purchasing an additional 1,920 shares during the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Resideo Technologies news, insider Robert B. Aarnes sold 98,829 shares of the company’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 completion of the transaction, the insider now owns 458,928 shares in the company, valued at approximately $12,005,556.48. This represents a 17.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is owned by insiders.

Resideo Technologies Price Performance

Shares of NYSE:REZI opened at $27.51 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69. Resideo Technologies, Inc. has a fifty-two week low of $16.36 and a fifty-two week high of $28.28. The firm has a 50-day simple moving average of $22.31 and a 200 day simple moving average of $20.87. The company has a market cap of $4.04 billion, a PE ratio of 24.77 and a beta of 2.17.

Resideo Technologies Company 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.