Mackenzie Financial Corp Boosts Position in Resideo Technologies, Inc. (NYSE:REZI)

Mackenzie Financial Corp lifted its holdings in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 65.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,663 shares of the company's stock after acquiring an additional 23,649 shares during the quarter. Mackenzie Financial Corp's holdings in Resideo Technologies were worth $1,375,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in REZI. Vanguard Group Inc. lifted its holdings in Resideo Technologies by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 16,137,439 shares of the company's stock valued at $371,968,000 after acquiring an additional 75,940 shares during the period. Barclays PLC lifted its stake in shares of Resideo Technologies by 358.9% in the 3rd quarter. Barclays PLC now owns 262,698 shares of the company's stock valued at $5,290,000 after purchasing an additional 205,453 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Resideo Technologies by 705.9% in the 4th quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock valued at $110,000 after purchasing an additional 4,165 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Resideo Technologies by 293.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company's stock worth $60,000 after buying an additional 1,939 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Resideo Technologies by 6.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,645,390 shares of the company's stock valued at $37,926,000 after buying an additional 99,525 shares during the period. Hedge funds and other institutional investors own 91.71% of the company's stock.

Resideo Technologies Price Performance

REZI stock traded down $0.06 during mid-day trading on Wednesday, reaching $20.86. 588,558 shares of the company's stock were exchanged, compared to its average volume of 976,885. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. Resideo Technologies, Inc. has a 12-month low of $14.18 and a 12-month high of $28.28. The stock's 50 day moving average is $18.05 and its 200 day moving average is $20.95. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 33.11 and a beta of 2.23.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 5,754,501 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average cost of $17.38 per share, for a total transaction of $100,013,227.38. Following the acquisition, the insider now owns 5,754,501 shares in the company, valued at approximately $100,013,227.38. This represents a ∞ increase in their position. The transaction 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 company insiders.

Resideo Technologies Company Profile

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.