Victory Capital Management Inc. Grows Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Victory Capital Management Inc. grew its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 14.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 165,748 shares of the company’s stock after buying an additional 20,723 shares during the quarter. Victory Capital Management Inc. owned 0.11% of Resideo Technologies worth $3,338,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Resideo Technologies by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,822,902 shares of the company’s stock valued at $153,015,000 after acquiring an additional 397,864 shares in the last quarter. Boston Partners raised its position in shares of Resideo Technologies by 3.0% during the 1st 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 in the last quarter. Pacer Advisors Inc. raised its position in shares of Resideo Technologies by 14.8% during the 2nd quarter. Pacer Advisors Inc. now owns 6,104,301 shares of the company’s stock valued at $119,400,000 after acquiring an additional 787,934 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Resideo Technologies by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,312,932 shares of the company’s stock valued at $25,681,000 after acquiring an additional 17,505 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its position in shares of Resideo Technologies by 53.4% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,214,375 shares of the company’s stock valued at $23,753,000 after acquiring an additional 422,730 shares in the last quarter. 91.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Robert B. Aarnes sold 98,829 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $26.16, for a total transaction of $2,585,366.64. Following the transaction, the insider now directly owns 458,928 shares of the company’s stock, valued at approximately $12,005,556.48. This trade represents a 17.72 % decrease in their ownership of the stock. The sale 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.

Analysts Set New Price Targets

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

Resideo Technologies Price Performance

Shares of NYSE REZI opened at $27.21 on Friday. Resideo Technologies, Inc. has a 1-year low of $16.16 and a 1-year high of $27.33. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. The business’s fifty day moving average price is $21.38 and its two-hundred day moving average price is $20.64. The firm has a market capitalization of $4.00 billion, a PE ratio of 24.51 and a beta of 2.09.

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.