Harbor Capital Advisors Inc. Reduces Position in Resideo Technologies, Inc. (NYSE:REZI)

Harbor Capital Advisors Inc. decreased its stake in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 42.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,833 shares of the company's stock after selling 24,079 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Resideo Technologies were worth $581,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Resideo Technologies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 16,137,439 shares of the company's stock worth $371,968,000 after purchasing an additional 75,940 shares during the period. Boston Partners increased its holdings in shares of Resideo Technologies by 25.1% in the 4th quarter. Boston Partners now owns 9,797,883 shares of the company's stock valued at $225,865,000 after acquiring an additional 1,966,706 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Resideo Technologies by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,982,342 shares of the company's stock valued at $183,996,000 after acquiring an additional 88,273 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Resideo Technologies by 32.4% in the 4th quarter. Nuveen Asset Management LLC now owns 2,320,863 shares of the company's stock valued at $53,496,000 after acquiring an additional 567,800 shares during the last quarter. Finally, Prudential Financial Inc. increased its holdings in shares of Resideo Technologies by 11.2% in the 4th quarter. Prudential Financial Inc. now owns 1,917,221 shares of the company's stock valued at $44,192,000 after acquiring an additional 192,511 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company's stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased their price objective on Resideo Technologies from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Tuesday, June 3rd.

Resideo Technologies Stock Up 0.3%

Shares of REZI traded up $0.07 during mid-day trading on Wednesday, reaching $20.95. The company's stock had a trading volume of 940,961 shares, compared to its average volume of 986,396. Resideo Technologies, Inc. has a 12-month low of $14.18 and a 12-month high of $28.28. The stock has a market cap of $3.11 billion, a PE ratio of 65.46 and a beta of 2.19. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.94 and a quick ratio of 1.16. The company's 50 day moving average is $18.99 and its 200 day moving average is $20.55.

Insider Activity

In other news, major shareholder Channel Holdings Ii L.P. Cd&R purchased 5,754,501 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average price of $17.38 per share, for a total transaction of $100,013,227.38. Following the purchase, the insider now directly owns 5,754,501 shares of the company's stock, valued at $100,013,227.38. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.50% of the company's stock.

About Resideo Technologies

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.