Resideo Technologies, Inc. (NYSE:REZI) Shares Bought by Foundry Partners LLC

Foundry Partners LLC raised its holdings in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 43.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 216,369 shares of the company's stock after acquiring an additional 65,332 shares during the period. Foundry Partners LLC owned 0.15% of Resideo Technologies worth $3,830,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Resideo Technologies during the 4th quarter worth $5,914,000. HighTower Advisors LLC acquired a new stake in shares of Resideo Technologies during the 4th quarter worth $245,000. Swiss National Bank increased its holdings in shares of Resideo Technologies by 0.7% during the 4th quarter. Swiss National Bank now owns 287,900 shares of the company's stock worth $6,636,000 after buying an additional 2,000 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Resideo Technologies by 25.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 16,331 shares of the company's stock worth $376,000 after buying an additional 3,282 shares during the last quarter. Finally, Natixis Advisors LLC increased its holdings in shares of Resideo Technologies by 4.9% during the 4th quarter. Natixis Advisors LLC now owns 222,085 shares of the company's stock worth $5,119,000 after buying an additional 10,463 shares during the last quarter. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Resideo Technologies Stock Down 0.2%

Shares of Resideo Technologies stock opened at $24.15 on Friday. The company has a fifty day moving average price of $21.83 and a 200 day moving average price of $20.15. The company has a current ratio of 1.94, a quick ratio of 1.16 and a debt-to-equity ratio of 0.69. Resideo Technologies, Inc. has a twelve month low of $14.18 and a twelve month high of $28.28. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 75.47 and a beta of 2.15.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upped their price objective on Resideo Technologies from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd.

Insiders Place Their Bets

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 transaction, the insider owned 5,754,501 shares in the company, valued at approximately $100,013,227.38. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Nina Richardson sold 2,790 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $23.68, for a total transaction of $66,067.20. Following the sale, the director directly owned 64,008 shares of the company's stock, valued at approximately $1,515,709.44. This trade represents a 4.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.