Hotchkis & Wiley Capital Management LLC Raises Stock Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Hotchkis & Wiley Capital Management LLC grew its stake in Resideo Technologies, Inc. (NYSE:REZI) by 98.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 621,560 shares of the company’s stock after acquiring an additional 308,060 shares during the quarter. Hotchkis & Wiley Capital Management LLC’s holdings in Resideo Technologies were worth $12,518,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Resideo Technologies by 50.0% in 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 in the last quarter. International Assets Investment Management LLC lifted its position in Resideo Technologies by 1,740.5% during the third quarter. International Assets Investment Management LLC now owns 2,135 shares of the company’s stock worth $43,000 after buying an additional 2,019 shares during the period. Blue Trust Inc. lifted its position in Resideo Technologies by 55.0% during the third quarter. Blue Trust Inc. now owns 2,515 shares of the company’s stock worth $49,000 after buying an additional 892 shares during the period. Quarry LP lifted its position 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 buying an additional 1,283 shares during the period. Finally, nVerses Capital LLC lifted its position in Resideo Technologies by 1,166.7% during the second 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 period. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Resideo Technologies Stock Performance

NYSE REZI opened at $27.74 on Wednesday. The business’s 50-day moving average price is $22.49 and its 200 day moving average price is $20.92. Resideo Technologies, Inc. has a twelve month low of $16.36 and a twelve month high of $28.28. The company has a market capitalization of $4.08 billion, a PE ratio of 24.99 and a beta of 2.17. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69.

Insider Transactions at Resideo Technologies

In other news, insider Robert B. Aarnes sold 98,829 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 458,928 shares in the company, valued at $12,005,556.48. This trade represents a 17.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.50% of the company’s 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.