Weiss Asset Management LP Makes New Investment in Resideo Technologies, Inc. (NYSE:REZI)

Weiss Asset Management LP acquired a new stake in Resideo Technologies, Inc. (NYSE:REZI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 457,668 shares of the company’s stock, valued at approximately $9,217,000.

A number of other hedge funds and other institutional investors have also modified their holdings of REZI. GAMMA Investing LLC boosted its position in shares of Resideo Technologies by 50.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,592 shares of the company’s stock worth $31,000 after acquiring an additional 531 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Resideo Technologies by 1,740.5% in the third quarter. International Assets Investment Management LLC now owns 2,135 shares of the company’s stock valued at $43,000 after purchasing an additional 2,019 shares in the last quarter. Blue Trust Inc. increased its stake in Resideo Technologies by 55.0% in the third quarter. Blue Trust Inc. now owns 2,515 shares of the company’s stock valued at $49,000 after purchasing an additional 892 shares during the last quarter. Quarry LP raised its holdings in Resideo Technologies by 79.7% during the second quarter. Quarry LP now owns 2,892 shares of the company’s stock worth $57,000 after purchasing an additional 1,283 shares in the last quarter. Finally, nVerses Capital LLC lifted its position in shares of Resideo Technologies by 1,166.7% during the 2nd quarter. nVerses Capital LLC now owns 3,800 shares of the company’s stock worth $74,000 after buying an additional 3,500 shares during the last quarter. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Separately, Evercore ISI assumed coverage on shares of Resideo Technologies in a research report on Friday, August 9th. They issued an “outperform” rating and a $25.00 target price on the stock.

Resideo Technologies Stock Down 2.0 %

REZI opened at $27.00 on Friday. The stock has a market capitalization of $3.97 billion, a P/E ratio of 24.32 and a beta of 2.17. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82. Resideo Technologies, Inc. has a one year low of $16.36 and a one year high of $28.28. The business’s 50-day simple moving average is $22.80 and its 200-day simple moving average is $21.01.

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.