GAMMA Investing LLC Boosts Stock Position in Resideo Technologies, Inc. (NYSE:REZI)

GAMMA Investing LLC boosted its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 1,296.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,711 shares of the company’s stock after acquiring an additional 50,793 shares during the quarter. GAMMA Investing LLC’s holdings in Resideo Technologies were worth $968,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of REZI. Vanguard Group Inc. lifted its holdings in shares of Resideo Technologies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 16,137,439 shares of the company’s stock worth $371,968,000 after buying an additional 75,940 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of Resideo Technologies by 705.9% in the 4th quarter. Sterling Capital Management LLC now owns 4,755 shares of the company’s stock worth $110,000 after buying an additional 4,165 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Resideo Technologies by 293.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company’s stock worth $60,000 after buying an additional 1,939 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Resideo Technologies by 6.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,645,390 shares of the company’s stock worth $37,926,000 after buying an additional 99,525 shares during the period. Finally, Bank of Montreal Can lifted its holdings in shares of Resideo Technologies by 11.6% in the 4th quarter. Bank of Montreal Can now owns 17,205 shares of the company’s stock worth $397,000 after buying an additional 1,788 shares during the period. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Insider Transactions at Resideo Technologies

In related news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 5,754,501 shares of Resideo Technologies stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average cost of $17.38 per share, for a total transaction of $100,013,227.38. Following the acquisition, the insider now owns 5,754,501 shares in the company, valued at approximately $100,013,227.38. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Resideo Technologies Price Performance

Shares of NYSE:REZI opened at $21.06 on Tuesday. Resideo Technologies, Inc. has a twelve month low of $14.18 and a twelve month high of $28.28. The company’s 50 day moving average is $18.80 and its 200 day moving average is $20.55. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. The company has a market cap of $3.13 billion, a PE ratio of 33.43 and a beta of 2.19.

Resideo Technologies Company 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.