Resideo Technologies, Inc. (NYSE:REZI) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. decreased its position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 51.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 450,407 shares of the company's stock after selling 483,158 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.31% of Resideo Technologies worth $10,382,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP acquired a new position in shares of Resideo Technologies during the 4th quarter worth $28,000. R Squared Ltd acquired a new position in Resideo Technologies during the fourth quarter worth about $30,000. Smartleaf Asset Management LLC grew its position in shares of Resideo Technologies by 293.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company's stock valued at $60,000 after purchasing an additional 1,939 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Resideo Technologies by 28.9% during the 4th quarter. Blue Trust Inc. now owns 3,241 shares of the company's stock worth $75,000 after purchasing an additional 726 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of Resideo Technologies by 705.9% during the 4th quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock worth $110,000 after purchasing an additional 4,165 shares during the last quarter. Institutional investors and hedge funds own 91.71% of the company's stock.

Insider Buying and Selling at Resideo Technologies

In related news, major shareholder Channel Holdings Ii L.P. Cd&R purchased 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, with a total value of $100,013,227.38. Following the transaction, the insider now owns 5,754,501 shares of the company's stock, valued at approximately $100,013,227.38. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by company insiders.

Resideo Technologies Trading Up 0.1%

Shares of REZI stock traded up $0.01 during mid-day trading on Tuesday, hitting $20.99. 202,444 shares of the company's stock were exchanged, compared to its average volume of 963,106. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 33.31 and a beta of 2.23. The stock has a 50-day simple moving average of $17.43 and a two-hundred day simple moving average of $21.16. Resideo Technologies, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $28.28. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69.

Resideo Technologies (NYSE:REZI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.08). Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. The business had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.84 billion. Equities analysts expect that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. downgraded Resideo Technologies from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $31.00 to $16.00 in a research report on Tuesday, April 22nd.

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.