Connor Clark & Lunn Investment Management Ltd. Takes Position in Resideo Technologies, Inc. (NYSE:REZI)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Resideo Technologies, Inc. (NYSE:REZI) during the third quarter, HoldingsChannel reports. The firm bought 53,648 shares of the company’s stock, valued at approximately $1,080,000.

A number of other hedge funds have also recently modified their holdings of REZI. Quadrature Capital Ltd boosted its holdings in shares of Resideo Technologies by 14.5% during the 1st quarter. Quadrature Capital Ltd now owns 16,566 shares of the company’s stock valued at $371,000 after buying an additional 2,092 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Resideo Technologies by 6.0% during 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 in the last quarter. Tidal Investments LLC boosted its holdings in shares of Resideo Technologies by 27.1% during the 1st quarter. Tidal Investments LLC now owns 23,024 shares of the company’s stock valued at $516,000 after buying an additional 4,913 shares in the last quarter. Boston Partners boosted its stake in Resideo Technologies by 3.0% in the 1st quarter. Boston Partners now owns 6,700,564 shares of the company’s stock worth $150,177,000 after purchasing an additional 193,351 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Resideo Technologies by 50.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,592 shares of the company’s stock worth $31,000 after purchasing an additional 531 shares in the last quarter. Institutional investors own 91.71% of the company’s stock.

Insider Buying and Selling

In other Resideo Technologies news, insider Robert B. Aarnes sold 98,829 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 458,928 shares of the company’s stock, valued at approximately $12,005,556.48. The trade was a 17.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Resideo Technologies Stock Performance

Shares of Resideo Technologies stock opened at $27.14 on Thursday. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 24.45 and a beta of 2.09. The firm’s 50-day moving average is $21.71 and its 200 day moving average is $20.72. Resideo Technologies, Inc. has a 1 year low of $16.16 and a 1 year high of $28.28. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10.

Analyst Ratings Changes

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

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.