Millennium Management LLC Sells 854,683 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Millennium Management LLC decreased its position in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 97.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,561 shares of the company's stock after selling 854,683 shares during the period. Millennium Management LLC's holdings in Resideo Technologies were worth $497,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. increased its position in shares of Resideo Technologies by 4.3% during the fourth quarter. Principal Financial Group Inc. now owns 774,642 shares of the company's stock valued at $17,855,000 after purchasing an additional 32,014 shares during the period. CIBC Asset Management Inc boosted its stake in Resideo Technologies by 4.5% during the fourth quarter. CIBC Asset Management Inc now owns 14,546 shares of the company's stock worth $335,000 after buying an additional 624 shares in the last quarter. Pembroke Management LTD increased its holdings in Resideo Technologies by 126.8% in the 4th quarter. Pembroke Management LTD now owns 667,421 shares of the company's stock valued at $15,384,000 after buying an additional 373,133 shares during the period. Handelsbanken Fonder AB raised its stake in shares of Resideo Technologies by 19.0% in the 4th quarter. Handelsbanken Fonder AB now owns 40,700 shares of the company's stock valued at $938,000 after buying an additional 6,500 shares in the last quarter. Finally, Versor Investments LP acquired a new position in shares of Resideo Technologies in the 4th quarter valued at $516,000. Institutional investors own 91.71% of the company's stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lifted 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 REZI traded down $0.11 during mid-day trading on Thursday, reaching $21.06. The company had a trading volume of 929,639 shares, compared to its average volume of 981,576. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. The company has a market capitalization of $3.13 billion, a P/E ratio of 33.43 and a beta of 2.19. Resideo Technologies, Inc. has a twelve month low of $14.18 and a twelve month high of $28.28. The company's 50-day moving average is $18.45 and its 200-day moving average is $20.77.

Insider Buying and Selling at Resideo Technologies

In other news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 5,754,501 shares of the company's stock in a transaction on Friday, May 9th. The stock was purchased at an average cost of $17.38 per share, with a total value of $100,013,227.38. Following 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.