Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 17,478 Resideo Technologies, Inc. (NYSE:REZI)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $309,000 in Resideo Technologies, acquiring 17,478 shares of stock.
• Major shareholder Channel Holdings Ii L.P. significantly increased its stake by purchasing over 5.7 million shares for approximately $100 million.
• Analysts from JPMorgan Chase & Co. and Oppenheimer upgraded their ratings on Resideo Technologies, with price targets set to $21.00 and an uptick from "market perform" to "outperform," respectively.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Resideo Technologies, Inc. (NYSE:REZI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 17,478 shares of the company's stock, valued at approximately $309,000.

Other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its stake in Resideo Technologies by 20,133.3% during the 1st quarter. IFP Advisors Inc now owns 2,428 shares of the company's stock worth $43,000 after acquiring an additional 2,416 shares in the last quarter. Foundry Partners LLC grew its holdings in shares of Resideo Technologies by 43.3% during the first quarter. Foundry Partners LLC now owns 216,369 shares of the company's stock worth $3,830,000 after purchasing an additional 65,332 shares during the last quarter. Segall Bryant & Hamill LLC increased its position in shares of Resideo Technologies by 16.2% during the first quarter. Segall Bryant & Hamill LLC now owns 212,742 shares of the company's stock worth $3,766,000 after purchasing an additional 29,614 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Resideo Technologies by 67.8% during the first 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. Finally, Linden Thomas Advisory Services LLC grew its position in shares of Resideo Technologies by 12.0% during the first quarter. Linden Thomas Advisory Services LLC now owns 34,090 shares of the company's stock worth $603,000 after acquiring an additional 3,651 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company's stock.

Insider Activity at Resideo Technologies

In other news, insider Robert B. Aarnes sold 47,000 shares of the company's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $28.00, for a total value of $1,316,000.00. Following the sale, the insider owned 503,692 shares in the company, valued at approximately $14,103,376. This represents a 8.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Channel Holdings Ii L.P. Cd&R acquired 5,754,501 shares of the business's stock in a transaction on Friday, May 9th. The shares were purchased at an average price of $17.38 per share, for a total transaction of $100,013,227.38. Following the purchase, the insider directly owned 5,754,501 shares of the company's stock, valued at $100,013,227.38. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by company insiders.

Resideo Technologies Stock Up 2.3%

NYSE REZI traded up $0.58 on Tuesday, reaching $26.34. The company had a trading volume of 2,025,614 shares, compared to its average volume of 1,355,858. Resideo Technologies, Inc. has a 1 year low of $14.18 and a 1 year high of $29.40. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.94 and a quick ratio of 1.16. The firm has a market capitalization of $3.91 billion, a PE ratio of 82.32 and a beta of 2.16. The firm has a 50-day moving average of $22.83 and a 200-day moving average of $20.34.

Wall Street Analyst Weigh In

REZI has been the subject of a number of analyst reports. Oppenheimer upgraded shares of Resideo Technologies from a "market perform" rating to an "outperform" rating in a research report on Wednesday, July 30th. 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.

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.