Resideo Technologies, Inc. (NYSE:REZI) Stake Boosted by Beaconlight Capital LLC

Beaconlight Capital LLC raised its position in shares of Resideo Technologies, Inc. (NYSE:REZI) by 64.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,088,926 shares of the company’s stock after purchasing an additional 428,669 shares during the quarter. Resideo Technologies accounts for about 8.9% of Beaconlight Capital LLC’s investment portfolio, making the stock its largest position. Beaconlight Capital LLC owned approximately 0.74% of Resideo Technologies worth $21,931,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Quadrature Capital Ltd raised its position in shares of Resideo Technologies by 14.5% during the first quarter. Quadrature Capital Ltd now owns 16,566 shares of the company’s stock valued at $371,000 after buying an additional 2,092 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Resideo Technologies by 6.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 93,882 shares of the company’s stock worth $2,106,000 after purchasing an additional 5,299 shares during the last quarter. Tidal Investments LLC increased its position in Resideo Technologies by 27.1% during the first quarter. Tidal Investments LLC now owns 23,024 shares of the company’s stock valued at $516,000 after acquiring an additional 4,913 shares during the last quarter. Boston Partners increased its position in Resideo Technologies by 3.0% during the first quarter. Boston Partners now owns 6,700,564 shares of the company’s stock valued at $150,177,000 after acquiring an additional 193,351 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Resideo Technologies by 50.0% during the second quarter. GAMMA Investing LLC now owns 1,592 shares of the company’s stock valued at $31,000 after acquiring an additional 531 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In other Resideo Technologies news, insider Robert B. Aarnes sold 98,829 shares of the stock in a transaction dated 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 directly 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 filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.50% of the company’s stock.

Resideo Technologies Trading Up 0.8 %

Shares of REZI traded up $0.22 during trading hours on Wednesday, reaching $27.54. 12,649 shares of the company traded hands, compared to its average volume of 873,280. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 24.81 and a beta of 2.09. Resideo Technologies, Inc. has a 12-month low of $16.16 and a 12-month 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. The stock’s fifty day moving average price is $21.71 and its 200 day moving average price is $20.72.

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.