Diversified Trust Co Purchases Shares of 21,819 Resideo Technologies, Inc. (NYSE:REZI)

Diversified Trust Co acquired a new stake in Resideo Technologies, Inc. (NYSE:REZI - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 21,819 shares of the company's stock, valued at approximately $386,000.

Several other institutional investors and hedge funds also recently modified their holdings of REZI. Quarry LP acquired a new stake in Resideo Technologies in the 4th quarter valued at approximately $28,000. Smartleaf Asset Management LLC grew its stake in shares of Resideo Technologies by 293.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company's stock worth $60,000 after acquiring an additional 1,939 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Resideo Technologies by 52.1% in the first quarter. Versant Capital Management Inc now owns 3,174 shares of the company's stock valued at $56,000 after purchasing an additional 1,087 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of Resideo Technologies by 705.9% in the fourth quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock worth $110,000 after purchasing an additional 4,165 shares in the last quarter. Finally, Natixis acquired a new position in Resideo Technologies during the fourth quarter worth $115,000. 91.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Resideo Technologies

In related news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 5,754,501 shares of the business's stock in a transaction dated Friday, May 9th. The stock was bought at an average price of $17.38 per share, with a total value of $100,013,227.38. Following the acquisition, the insider owned 5,754,501 shares in the company, valued at $100,013,227.38. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is owned by company insiders.

Resideo Technologies Stock Up 1.2%

NYSE REZI traded up $0.29 during trading hours on Friday, hitting $24.08. 831,378 shares of the company traded hands, compared to its average volume of 1,012,832. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.16 and a current ratio of 1.94. The business's 50-day moving average is $20.64 and its 200-day moving average is $20.20. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 75.25 and a beta of 2.15. Resideo Technologies, Inc. has a twelve month low of $14.18 and a twelve month high of $28.28.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lifted their price target on shares of Resideo Technologies from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Tuesday, June 3rd.

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.