GAMMA Investing LLC Increases Stock Holdings in Resideo Technologies, Inc. (NYSE:REZI)

GAMMA Investing LLC grew its stake in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 1,296.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,711 shares of the company's stock after purchasing an additional 50,793 shares during the period. GAMMA Investing LLC's holdings in Resideo Technologies were worth $968,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP acquired a new position in Resideo Technologies in the 4th quarter worth about $28,000. Smartleaf Asset Management LLC increased its position in shares of Resideo Technologies by 293.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company's stock valued at $60,000 after buying an additional 1,939 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Resideo Technologies by 52.1% during the 1st quarter. Versant Capital Management Inc now owns 3,174 shares of the company's stock worth $56,000 after buying an additional 1,087 shares during the period. Sterling Capital Management LLC raised its position in Resideo Technologies by 705.9% during the fourth quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock worth $110,000 after acquiring an additional 4,165 shares during the period. Finally, Natixis acquired a new position in Resideo Technologies during the fourth quarter worth $115,000. Institutional investors and hedge funds own 91.71% of the company's stock.

Insider Buying and Selling at Resideo Technologies

In related news, major shareholder Channel Holdings Ii L.P. Cd&R bought 5,754,501 shares of the stock in a transaction dated Friday, May 9th. The shares were acquired at an average cost of $17.38 per share, for a total transaction of $100,013,227.38. Following the acquisition, the insider now directly owns 5,754,501 shares in the company, valued at approximately $100,013,227.38. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

Resideo Technologies Price Performance

NYSE:REZI traded down $0.02 during trading hours on Friday, hitting $20.94. 944,034 shares of the stock were exchanged, compared to its average volume of 986,632. The firm's fifty day moving average price is $19.10 and its 200 day moving average price is $20.51. Resideo Technologies, Inc. has a 52-week low of $14.18 and a 52-week high of $28.28. The company has a market cap of $3.11 billion, a P/E ratio of 65.50 and a beta of 2.19. The company has a current ratio of 1.94, a quick ratio of 1.16 and a debt-to-equity ratio of 0.69.

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.