Pzena Investment Management LLC Decreases Position in Resideo Technologies, Inc. (NYSE:REZI)

Pzena Investment Management LLC lessened its holdings in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,645,320 shares of the company's stock after selling 26,871 shares during the period. Pzena Investment Management LLC owned about 1.78% of Resideo Technologies worth $46,822,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Quarry LP bought a new stake in Resideo Technologies in the 4th quarter worth about $28,000. Versant Capital Management Inc grew 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 worth $56,000 after purchasing an additional 1,087 shares in the last quarter. Sterling Capital Management LLC grew its position in Resideo Technologies by 705.9% in 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 in the last quarter. Natixis bought a new stake in Resideo Technologies in the 4th quarter worth about $115,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Resideo Technologies in the 4th quarter worth about $119,000. Institutional investors and hedge funds own 91.71% of the company's stock.

Insiders Place Their Bets

In other Resideo Technologies news, Director Nina Richardson sold 2,790 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $23.68, for a total value of $66,067.20. Following the sale, the director owned 64,008 shares of the company's stock, valued at $1,515,709.44. This trade represents a 4.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Channel Holdings Ii L.P. Cd&R bought 5,754,501 shares of the business's stock in a transaction dated Friday, May 9th. The shares were bought at an average cost of $17.38 per share, for a total transaction of $100,013,227.38. Following the purchase, the insider directly owned 5,754,501 shares in the company, valued at approximately $100,013,227.38. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased their target price on shares of 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 Price Performance

Shares of Resideo Technologies stock traded down $0.06 on Friday, hitting $24.15. 811,253 shares of the company traded hands, compared to its average volume of 1,026,628. The firm's 50-day simple moving average is $21.83 and its 200 day simple moving average is $20.14. The company has a current ratio of 1.94, a quick ratio of 1.16 and a debt-to-equity ratio of 0.69. The company has a market cap of $3.59 billion, a P/E ratio of 75.47 and a beta of 2.15. Resideo Technologies, Inc. has a 12-month low of $14.18 and a 12-month high of $28.28.

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.