Assenagon Asset Management S.A. Lowers Stock Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Assenagon Asset Management S.A. lessened its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 62.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 110,569 shares of the company's stock after selling 187,138 shares during the period. Assenagon Asset Management S.A. owned approximately 0.07% of Resideo Technologies worth $1,957,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in REZI. Quarry LP acquired a new position in shares of Resideo Technologies in the 4th quarter valued at $28,000. Versant Capital Management Inc increased its position in shares of 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 increased its position in shares of Resideo Technologies by 293.3% in the 4th 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 period. Sterling Capital Management LLC increased its position in shares of Resideo Technologies by 705.9% in the 4th quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock valued at $110,000 after acquiring an additional 4,165 shares during the period. Finally, Natixis acquired a new position in shares of Resideo Technologies in the 4th quarter valued at $115,000. Hedge funds and other institutional investors own 91.71% of the company's stock.

Analysts Set New Price Targets

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

Resideo Technologies Stock Performance

Resideo Technologies stock traded up $0.07 during midday trading on Thursday, hitting $20.95. 940,961 shares of the company were exchanged, compared to its average volume of 986,396. The firm has a market capitalization of $3.11 billion, a PE ratio of 65.46 and a beta of 2.19. Resideo Technologies, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $28.28. The business has a fifty day simple moving average of $19.10 and a two-hundred day simple moving average of $20.51. 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 related news, major shareholder Channel Holdings Ii L.P. Cd&R bought 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 cost of $17.38 per share, with a total value of $100,013,227.38. Following the completion of the acquisition, the insider now directly owns 5,754,501 shares in the company, valued at approximately $100,013,227.38. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is owned by corporate insiders.

Resideo Technologies Company 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.