Resideo Technologies, Inc. (NYSE:REZI) Stock Position Raised by Foundry Partners LLC

Foundry Partners LLC grew its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 43.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 216,369 shares of the company's stock after purchasing an additional 65,332 shares during the period. Foundry Partners LLC owned 0.15% of Resideo Technologies worth $3,830,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Quarry LP bought a new position in Resideo Technologies during the fourth quarter valued at approximately $28,000. Versant Capital Management Inc lifted its position in 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 in the last quarter. Sterling Capital Management LLC raised its holdings in Resideo Technologies by 705.9% during the 4th 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 during the last quarter. Natixis bought a new stake in shares of Resideo Technologies in the 4th quarter valued at about $115,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Resideo Technologies in the 4th quarter valued at approximately $119,000. Institutional investors and hedge funds own 91.71% of the company's stock.

Insider Activity

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R purchased 5,754,501 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average cost of $17.38 per share, with a total value of $100,013,227.38. Following the purchase, the insider owned 5,754,501 shares of the company's stock, valued at approximately $100,013,227.38. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nina Richardson sold 2,790 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $23.68, for a total value of $66,067.20. Following the transaction, the director owned 64,008 shares in the company, valued at $1,515,709.44. The trade was a 4.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company's stock.

Resideo Technologies Stock Up 2.5%

Shares of NYSE REZI traded up $0.60 during mid-day trading on Wednesday, hitting $24.67. 150,131 shares of the stock traded hands, compared to its average volume of 1,026,770. 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 stock has a fifty day moving average price of $21.94 and a 200-day moving average price of $20.17. 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 $3.66 billion, a price-to-earnings ratio of 77.07 and a beta of 2.15.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their price objective on Resideo Technologies from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report 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.