This Smart Home Stock Just Drew a $42 Million Institutional Bet — Should Long-Term Investors Follow?

Dallas-based Permian Investment Partners initiated a new position in Resideo Technologies (REZI), adding 965,936 shares valued at approximately $41.7 million, according to a November 14 SEC filing.Permian Investment Partners disclosed a new equity stake in Resideo Technologies (NYSE:REZI) in its quarterly portfolio update filed with the Securities and Exchange Commission (SEC) on November 14. The fund reported acquiring 965,936 shares with an aggregate market value of $41.7 million at quarter-end.The new position represents about 4.7% of Permian's $885.7 million in reportable U.S. equity assets as of September 30.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool