Resideo Technologies, Inc. (NYSE:REZI) Shares Acquired by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC grew its stake in Resideo Technologies, Inc. (NYSE:REZI) by 98.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 621,560 shares of the company’s stock after purchasing an additional 308,060 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.42% of Resideo Technologies worth $12,518,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Holocene Advisors LP acquired a new position in Resideo Technologies during the third quarter worth $471,000. Paloma Partners Management Co acquired a new position in Resideo Technologies during the third quarter worth $213,000. Edgestream Partners L.P. acquired a new position in Resideo Technologies during the third quarter worth $4,530,000. Martingale Asset Management L P grew its holdings in Resideo Technologies by 17.9% during the third quarter. Martingale Asset Management L P now owns 61,322 shares of the company’s stock worth $1,235,000 after acquiring an additional 9,304 shares during the period. Finally, Beaconlight Capital LLC grew its holdings in Resideo Technologies by 64.9% during the third quarter. Beaconlight Capital LLC now owns 1,088,926 shares of the company’s stock worth $21,931,000 after acquiring an additional 428,669 shares during the period. Institutional investors and hedge funds own 91.71% of the company’s stock.

Resideo Technologies Stock Up 0.9 %

Resideo Technologies stock opened at $27.74 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 24.99 and a beta of 2.17. Resideo Technologies, Inc. has a fifty-two week low of $16.36 and a fifty-two week high of $28.28. The stock’s fifty day moving average is $22.49 and its two-hundred day moving average is $20.92.

Insider Buying and Selling at Resideo Technologies

In other Resideo Technologies news, insider Robert B. Aarnes sold 98,829 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $26.16, for a total value of $2,585,366.64. Following the sale, the insider now owns 458,928 shares of the company’s stock, valued at approximately $12,005,556.48. This represents a 17.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Evercore ISI initiated coverage on Resideo Technologies in a report on Friday, August 9th. They set an “outperform” rating and a $25.00 price objective on the stock.

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.