5 Technology Stocks to Buy According to Billionaire Mario Gabelli

3. Resideo Technologies, Inc. (NYSE: REZI)

Number of Hedge Fund Holders: 28

Resideo Technologies, Inc. (NYSE: REZI) is a Texas-based firm that sells smart solutions to the residential and commercial markets. It is ranked third on our list of 10 technology stocks to buy according to Mario Gabelli. Regulatory filings reveal that GAMCO Investors owned 1.2 million shares in the company at the end of June 2021 worth $36 million, representing 0.31% of the portfolio. 

In March, investment advisory Morgan Stanley initiated coverage of Resideo Technologies, Inc. (NYSE: REZI) stock with an Equal Weight rating and a price target of $33, noting that the firm was in the early stages of transforming the business into the technology domain. 

Out of the hedge funds being tracked by Insider Monkey, New York-based firm Praesidium Investment Management Company is a leading shareholder in Resideo Technologies, Inc. (NYSE: REZI) with 7.4 million shares worth more than $224 million.