Victory Capital Management Inc. Buys 114,604 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Victory Capital Management Inc. increased its holdings in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 67.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 283,562 shares of the company's stock after acquiring an additional 114,604 shares during the quarter. Victory Capital Management Inc. owned approximately 0.19% of Resideo Technologies worth $5,019,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in Resideo Technologies in the fourth quarter worth about $28,000. Versant Capital Management Inc lifted its stake in Resideo Technologies by 52.1% in the first quarter. Versant Capital Management Inc now owns 3,174 shares of the company's stock worth $56,000 after acquiring an additional 1,087 shares during the period. Sterling Capital Management LLC lifted its stake in Resideo Technologies by 705.9% in the fourth quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock worth $110,000 after acquiring an additional 4,165 shares during the period. Natixis purchased a new stake in Resideo Technologies in the fourth quarter worth about $115,000. Finally, Exchange Traded Concepts LLC lifted its stake in Resideo Technologies by 1,261.2% in the first quarter. Exchange Traded Concepts LLC now owns 7,160 shares of the company's stock worth $127,000 after acquiring an additional 6,634 shares during the period. 91.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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 note on Tuesday, June 3rd.

Insider Activity

In other Resideo Technologies news, Director Nina Richardson sold 2,790 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $23.68, for a total transaction of $66,067.20. Following the completion of the sale, the director directly owned 64,008 shares of the company's stock, valued at approximately $1,515,709.44. This represents a 4.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Channel Holdings Ii L.P. Cd&R purchased 4,477,919 shares of the firm's stock in a transaction on Friday, July 25th. The shares were purchased at an average cost of $22.33 per share, with a total value of $99,991,931.27. Following the completion of the transaction, the insider owned 10,232,420 shares of the company's stock, valued at approximately $228,489,938.60. The trade was a 77.82% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.50% of the company's stock.

Resideo Technologies Stock Performance

REZI stock opened at $24.45 on Friday. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 76.42 and a beta of 2.15. The firm has a 50-day simple moving average of $22.14 and a two-hundred day simple moving average of $20.21. Resideo Technologies, Inc. has a one year low of $14.18 and a one year high of $28.28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.16 and a current ratio of 1.94.

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.

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