Pzena Investment Management LLC Sells 26,871 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Pzena Investment Management LLC trimmed its stake in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 1.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 approximately 1.78% of Resideo Technologies worth $46,822,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP bought a new stake in Resideo Technologies during the fourth quarter valued at approximately $28,000. Versant Capital Management Inc grew its position in Resideo Technologies by 52.1% during the first quarter. Versant Capital Management Inc now owns 3,174 shares of the company's stock valued at $56,000 after buying an additional 1,087 shares during the period. Sterling Capital Management LLC grew its position in Resideo Technologies by 705.9% during the fourth quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock valued at $110,000 after buying an additional 4,165 shares during the period. Natixis bought a new stake in Resideo Technologies during the fourth quarter valued at approximately $115,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Resideo Technologies during the fourth quarter valued at approximately $119,000. 91.71% of the stock is owned by hedge funds and other institutional investors.

Resideo Technologies Price Performance

Shares of REZI traded down $0.06 during mid-day trading on Friday, reaching $24.15. The stock had a trading volume of 811,253 shares, compared to its average volume of 1,023,159. The firm has a market cap of $3.59 billion, a price-to-earnings 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. The business has a fifty day moving average of $21.74 and a 200 day moving average of $20.17. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.16 and a current ratio of 1.94.

Insider Buying and Selling

In other Resideo Technologies news, Director Nina Richardson sold 2,790 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director directly owned 64,008 shares in the company, valued at $1,515,709.44. This represents a 4.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Channel Holdings Ii L.P. Cd&R purchased 5,754,501 shares of the company's stock in a transaction on Friday, May 9th. The stock was purchased at an average price of $17.38 per share, with a total value of $100,013,227.38. Following the completion of the transaction, the insider owned 5,754,501 shares of the company's stock, valued at approximately $100,013,227.38. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. boosted 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.

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.