UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 55,392 Shares of Resideo Technologies, Inc. (NYSE:REZI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 15.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 412,895 shares of the company's stock after buying an additional 55,392 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.28% of Resideo Technologies worth $9,517,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in REZI. Quarry LP purchased a new position in shares of Resideo Technologies in the 4th quarter valued at approximately $28,000. R Squared Ltd purchased a new position in shares of Resideo Technologies in the 4th quarter valued at approximately $30,000. Smartleaf Asset Management LLC lifted its stake in shares of Resideo Technologies by 293.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company's stock valued at $60,000 after purchasing an additional 1,939 shares during the period. Blue Trust Inc. lifted its stake in shares of Resideo Technologies by 28.9% in the 4th quarter. Blue Trust Inc. now owns 3,241 shares of the company's stock valued at $75,000 after purchasing an additional 726 shares during the period. Finally, 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. 91.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lifted their price objective on Resideo Technologies from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Tuesday.

Insider Buying and Selling at Resideo Technologies

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R bought 5,754,501 shares of Resideo Technologies stock in a transaction on Friday, May 9th. The stock was acquired at an average price of $17.38 per share, with a total value 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 trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by company insiders.

Resideo Technologies Stock Down 0.3%

NYSE:REZI traded down $0.06 during trading hours on Wednesday, reaching $20.86. 588,558 shares of the company traded hands, compared to its average volume of 976,885. The business's 50-day moving average price is $18.05 and its two-hundred day moving average price is $20.95. The stock has a market capitalization of $3.10 billion, a P/E ratio of 33.11 and a beta of 2.23. Resideo Technologies, Inc. has a 1 year low of $14.18 and a 1 year high of $28.28. The company has a current ratio of 1.82, a quick ratio of 1.10 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.