Exchange Traded Concepts LLC Purchases 6,634 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Exchange Traded Concepts LLC raised its position in shares of Resideo Technologies, Inc. (NYSE:REZIFree Report) by 1,261.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 7,160 shares of the company’s stock after purchasing an additional 6,634 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Resideo Technologies were worth $127,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Resideo Technologies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 16,137,439 shares of the company’s stock worth $371,968,000 after purchasing an additional 75,940 shares during the period. Boston Partners increased its position in Resideo Technologies by 25.1% during the 4th quarter. Boston Partners now owns 9,797,883 shares of the company’s stock valued at $225,865,000 after purchasing an additional 1,966,706 shares during the period. Dimensional Fund Advisors LP raised its holdings in Resideo Technologies by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,982,342 shares of the company’s stock worth $183,996,000 after purchasing an additional 88,273 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in Resideo Technologies by 32.4% in the 4th quarter. Nuveen Asset Management LLC now owns 2,320,863 shares of the company’s stock worth $53,496,000 after purchasing an additional 567,800 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of Resideo Technologies by 11.2% in the 4th quarter. Prudential Financial Inc. now owns 1,917,221 shares of the company’s stock worth $44,192,000 after purchasing an additional 192,511 shares during the period. Institutional investors own 91.71% of the company’s stock.

Insider Activity at Resideo Technologies

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R purchased 5,754,501 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The stock was bought at an average cost of $17.38 per share, for a total transaction of $100,013,227.38. Following the purchase, the insider now directly owns 5,754,501 shares in the company, valued at $100,013,227.38. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Resideo Technologies Stock Up 3.8%

REZI stock opened at $21.79 on Tuesday. Resideo Technologies, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $28.28. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 68.08 and a beta of 2.19. The business’s 50 day moving average price is $19.34 and its two-hundred day moving average price is $20.33. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.16 and a current ratio of 1.94.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. boosted their price target on shares of Resideo Technologies from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, June 3rd.

Get Our Latest Research Report on REZI

Resideo Technologies Profile

(Free Report)

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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Institutional Ownership by Quarter for Resideo Technologies (NYSE:REZI)

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