Citigroup Inc. Boosts Stock Position in Resideo Technologies, Inc. (NYSE:REZI)

Citigroup Inc. raised its position in shares of Resideo Technologies, Inc. (NYSE:REZI) by 47.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 197,142 shares of the company’s stock after purchasing an additional 63,501 shares during the quarter. Citigroup Inc. owned 0.13% of Resideo Technologies worth $3,970,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Resideo Technologies by 6.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 93,882 shares of the company’s stock valued at $2,106,000 after buying an additional 5,299 shares during the period. Tidal Investments LLC grew its position in shares of Resideo Technologies by 27.1% in the first quarter. Tidal Investments LLC now owns 23,024 shares of the company’s stock valued at $516,000 after purchasing an additional 4,913 shares in the last quarter. GAMMA Investing LLC grew 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 purchasing an additional 531 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Resideo Technologies by 57.6% in the second quarter. Harbor Capital Advisors Inc. now owns 71,099 shares of the company’s stock valued at $1,391,000 after purchasing an additional 25,980 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC grew its position in shares of Resideo Technologies by 10.1% in the second quarter. Linden Thomas Advisory Services LLC now owns 20,961 shares of the company’s stock valued at $410,000 after purchasing an additional 1,920 shares in the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity

In other Resideo Technologies 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 value of $2,585,366.64. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.

Resideo Technologies Stock Up 0.9 %

NYSE:REZI opened at $27.74 on Wednesday. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 24.99 and a beta of 2.17. 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, Inc. has a 52 week low of $16.36 and a 52 week high of $28.28. The stock’s fifty day moving average is $22.49 and its two-hundred day moving average is $20.92.

About Resideo Technologies

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.