Segall Bryant & Hamill LLC Purchases 29,614 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Segall Bryant & Hamill LLC increased its position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 16.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 212,742 shares of the company's stock after purchasing an additional 29,614 shares during the quarter. Segall Bryant & Hamill LLC owned 0.14% of Resideo Technologies worth $3,766,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. boosted its position in Resideo Technologies by 67.8% in the 1st quarter. Victory Capital Management Inc. now owns 283,562 shares of the company's stock worth $5,019,000 after purchasing an additional 114,604 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its position in Resideo Technologies by 12.0% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 34,090 shares of the company's stock worth $603,000 after purchasing an additional 3,651 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Resideo Technologies by 16.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 121,583 shares of the company's stock worth $2,152,000 after purchasing an additional 16,770 shares in the last quarter. Principal Financial Group Inc. boosted its position in Resideo Technologies by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 794,943 shares of the company's stock worth $14,070,000 after purchasing an additional 20,301 shares in the last quarter. Finally, Meritage Portfolio Management purchased a new stake in Resideo Technologies in the 1st quarter worth approximately $358,000. Institutional investors and hedge funds own 91.71% of the company's stock.

Resideo Technologies Stock Performance

REZI traded up $0.18 during trading on Tuesday, hitting $24.12. 1,240,896 shares of the stock were exchanged, compared to its average volume of 1,030,044. The firm has a market capitalization of $3.58 billion, a P/E ratio of 75.36 and a beta of 2.15. Resideo Technologies, Inc. has a 1-year low of $14.18 and a 1-year high of $28.28. The stock has a fifty day moving average price of $21.94 and a two-hundred day moving average price of $20.17. The company has a quick ratio of 1.16, a current ratio of 1.94 and a debt-to-equity ratio of 0.69.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

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

Resideo Technologies 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.