Harbor Capital Advisors Inc. Sells 24,079 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Harbor Capital Advisors Inc. trimmed its position in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 42.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 32,833 shares of the company's stock after selling 24,079 shares during the period. Harbor Capital Advisors Inc.'s holdings in Resideo Technologies were worth $581,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of REZI. Quarry LP acquired a new position in shares of Resideo Technologies in the fourth quarter valued at approximately $28,000. Versant Capital Management Inc increased its position in Resideo Technologies by 52.1% in the 1st quarter. Versant Capital Management Inc now owns 3,174 shares of the company's stock valued at $56,000 after acquiring an additional 1,087 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Resideo Technologies by 293.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company's stock valued at $60,000 after acquiring an additional 1,939 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of Resideo Technologies by 705.9% in the fourth 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. Finally, Natixis acquired a new stake in Resideo Technologies in the fourth quarter valued at $115,000. Institutional investors and hedge funds own 91.71% of the company's stock.

Wall Street Analysts Forecast Growth

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

Resideo Technologies Stock Down 2.8%

Resideo Technologies stock opened at $20.49 on Friday. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 32.52 and a beta of 2.19. Resideo Technologies, Inc. has a 52-week low of $14.18 and a 52-week high of $28.28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82. The firm has a 50 day moving average price of $18.68 and a two-hundred day moving average price of $20.64.

Insider Transactions 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 on Friday, May 9th. The stock was acquired at an average cost of $17.38 per share, for a total transaction of $100,013,227.38. Following the completion of the acquisition, the insider now owns 5,754,501 shares of the company's stock, valued at $100,013,227.38. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate 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.

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