Charles Schwab Investment Management Inc. Raises Stake in Resideo Technologies, Inc. (NYSE:REZI)

Charles Schwab Investment Management Inc. raised its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 3.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,545,865 shares of the company’s stock after purchasing an additional 54,508 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.06% of Resideo Technologies worth $31,134,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Nilsine Partners LLC boosted its stake in shares of Resideo Technologies by 3.3% during the second quarter. Nilsine Partners LLC now owns 14,256 shares of the company’s stock valued at $279,000 after purchasing an additional 452 shares during the period. Commonwealth Equity Services LLC boosted its position in Resideo Technologies by 3.4% in the second quarter. Commonwealth Equity Services LLC now owns 13,702 shares of the company’s stock worth $268,000 after purchasing an additional 454 shares during the last quarter. Quest Partners LLC boosted its position in Resideo Technologies by 2.3% in the third quarter. Quest Partners LLC now owns 22,045 shares of the company’s stock worth $444,000 after purchasing an additional 505 shares during the last quarter. GAMMA Investing LLC lifted 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 valued at $31,000 after buying an additional 531 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Resideo Technologies by 1.3% during the 2nd quarter. Arizona State Retirement System now owns 40,683 shares of the company’s stock valued at $796,000 after buying an additional 535 shares in the last quarter. 91.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Activity

In other news, insider Robert B. Aarnes sold 98,829 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $26.16, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Resideo Technologies Price Performance

NYSE:REZI opened at $27.74 on Wednesday. The stock has a market capitalization of $4.08 billion, a PE ratio of 24.99 and a beta of 2.17. Resideo Technologies, Inc. has a 52 week low of $16.36 and a 52 week high of $28.28. The stock’s 50-day moving average price is $22.49 and its 200-day moving average price is $20.92. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69.

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.