Russell Investments Group Ltd. Purchases 72,404 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Russell Investments Group Ltd. boosted its position in Resideo Technologies, Inc. (NYSE:REZI – Get Rating) by 138.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 124,645 shares of the company’s stock after purchasing an additional 72,404 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.09% of Resideo Technologies worth $2,050,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Resideo Technologies by 1.8% in the third quarter. Vanguard Group Inc. now owns 16,141,212 shares of the company’s stock worth $307,652,000 after purchasing an additional 286,247 shares in the last quarter. Boston Partners raised its holdings in Resideo Technologies by 1.3% in the third quarter. Boston Partners now owns 9,444,466 shares of the company’s stock worth $178,888,000 after purchasing an additional 122,662 shares in the last quarter. Ariel Investments LLC raised its holdings in Resideo Technologies by 48.9% in the first quarter. Ariel Investments LLC now owns 8,889,988 shares of the company’s stock worth $211,848,000 after purchasing an additional 2,918,450 shares in the last quarter. State Street Corp raised its holdings in Resideo Technologies by 2.8% in the second quarter. State Street Corp now owns 7,114,290 shares of the company’s stock worth $138,160,000 after purchasing an additional 195,971 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Resideo Technologies by 6.0% during the third quarter. Dimensional Fund Advisors LP now owns 4,276,872 shares of the company’s stock worth $81,520,000 after acquiring an additional 242,226 shares during the last quarter. 91.99% of the stock is currently owned by institutional investors.

Insider Activity at Resideo Technologies

In related news, EVP Jeannine J. Lane sold 14,903 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $18.39, for a total value of $274,066.17. Following the sale, the executive vice president now owns 118,600 shares in the company, valued at $2,181,054. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Resideo Technologies news, EVP Jeannine J. Lane sold 14,903 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $18.39, for a total value of $274,066.17. Following the completion of the transaction, the executive vice president now directly owns 118,600 shares of the company’s stock, valued at $2,181,054. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nina Richardson sold 3,458 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $18.78, for a total value of $64,941.24. Following the completion of the transaction, the director now directly owns 47,731 shares of the company’s stock, valued at $896,388.18. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on REZI. TheStreet upgraded Resideo Technologies from a “c+” rating to a “b-” rating in a research note on Tuesday, February 21st. William Blair restated a “market perform” rating on shares of Resideo Technologies in a research note on Wednesday, February 15th.

Resideo Technologies Price Performance

Shares of NYSE REZI opened at $17.04 on Monday. The business’s 50 day moving average price is $17.30 and its 200 day moving average price is $17.34. The firm has a market cap of $2.51 billion, a P/E ratio of 10.08 and a beta of 1.95. Resideo Technologies, Inc. has a 52 week low of $14.95 and a 52 week high of $24.77. The company has a quick ratio of 1.01, a current ratio of 1.70 and a debt-to-equity ratio of 0.54.

About Resideo Technologies

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Resideo Technologies, Inc operates as a manufacturer and developer of technology-driven products and components that provide critical comfort, energy management, and safety and security solutions. It operates through the Products and Solutions and ADI Global Distribution segments. The Products and Solutions segment includes temperature and humidity control, energy products and solutions, water and air solutions, smoke and carbon monoxide detection home safety products, security panels, sensors, peripherals, wire and cable, communications devices, video cameras, other home-related lifestyle convenience solutions, cloud infrastructure, installation and maintenance tools, and related software.