Invesco Ltd. Acquires 88,639 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Invesco Ltd., a global investment management firm, has announced that it has acquired 88,639 shares of Resideo Technologies, Inc. (NYSEREZI) during the third quarter of 2021. This represents an increase of 7.7% in the fund's holdings in the company. After the purchase, Invesco Ltd. owned a total of 1,242,630 shares of Resideo Technologies, Inc.'s stock.

Resideo Technologies, Inc. is a leading provider of smart home solutions and security products. The company operates in two segments: Home Security and Commercial & Industrial. The Home Security segment provides residential security and automation products and services, while the Commercial & Industrial segment offers commercial security and fire protection products and services.

Invesco Ltd. is one of the largest investment management firms in the world, with assets under management of over $1.2 trillion as of December 31, 2020. The company operates through several business segments, including global equity, fixed income, alternatives, and real estate. Invesco Ltd. is headquartered in Atlanta, Georgia, and has operations in more than 40 countries.

The acquisition of additional shares in Resideo Technologies, Inc. by Invesco Ltd. reflects the fund's confidence in the company's growth potential and its ability to generate strong returns for its shareholders. Resideo Technologies, Inc. has been experiencing strong growth in recent years, driven by increasing demand for smart home solutions and security products. The company has also benefited from the shift towards remote work and increased adoption of technology in various industries.