Intech Investment Management LLC Has $1.55 Million Stake in Resideo Technologies, Inc. (NYSE:REZI)

Intech Investment Management LLC grew its position in shares of Resideo Technologies, Inc. (NYSE:REZI) by 63.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 76,748 shares of the company’s stock after acquiring an additional 29,861 shares during the period. Intech Investment Management LLC’s holdings in Resideo Technologies were worth $1,546,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of 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 buying an additional 531 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Resideo Technologies by 1,740.5% in the 3rd quarter. International Assets Investment Management LLC now owns 2,135 shares of the company’s stock valued at $43,000 after acquiring an additional 2,019 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Resideo Technologies by 55.0% in the 3rd quarter. Blue Trust Inc. now owns 2,515 shares of the company’s stock valued at $49,000 after acquiring an additional 892 shares in the last quarter. Quarry LP raised its stake in shares of Resideo Technologies by 79.7% in the 2nd quarter. Quarry LP now owns 2,892 shares of the company’s stock valued at $57,000 after acquiring an additional 1,283 shares in the last quarter. Finally, nVerses Capital LLC raised its stake in shares of Resideo Technologies by 1,166.7% in the 2nd quarter. nVerses Capital LLC now owns 3,800 shares of the company’s stock valued at $74,000 after acquiring an additional 3,500 shares in the last quarter. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Resideo Technologies Stock Up 1.8 %

Shares of REZI stock opened at $27.69 on Tuesday. The stock’s 50 day simple moving average is $21.38 and its 200 day simple moving average is $20.64. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82. Resideo Technologies, Inc. has a twelve month low of $16.16 and a twelve month high of $28.28. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 24.95 and a beta of 2.09.

Analysts Set New Price Targets

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

Insider Activity at Resideo Technologies

In other Resideo Technologies news, insider Robert B. Aarnes sold 98,829 shares of Resideo Technologies stock in a transaction that occurred on Wednesday, November 20th. The stock was 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 of the company’s stock, valued at $12,005,556.48. The trade was a 17.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is owned by company 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.