Bank of New York Mellon Corp Decreases Stake in Resideo Technologies, Inc. (NYSE:REZI)

Bank of New York Mellon Corp trimmed its stake in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 6.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,037,120 shares of the company's stock after selling 74,255 shares during the period. Bank of New York Mellon Corp owned approximately 0.70% of Resideo Technologies worth $18,357,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Quarry LP purchased a new stake in shares of Resideo Technologies in the fourth quarter worth $28,000. Versant Capital Management Inc increased its stake in shares of Resideo Technologies by 52.1% in the first 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 increased 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 in the last quarter. Natixis purchased a new stake in shares of Resideo Technologies in the fourth quarter worth $115,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Resideo Technologies in the fourth quarter worth $119,000. 91.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Resideo Technologies Stock Up 0.7%

NYSE REZI traded up $0.18 during trading on Tuesday, reaching $24.12. 1,240,896 shares of the company's stock traded hands, compared to its average volume of 1,030,044. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.94 and a quick ratio of 1.16. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 75.36 and a beta of 2.15. The company's 50 day simple moving average is $21.83 and its two-hundred day simple moving average is $20.14. Resideo Technologies, Inc. has a 12-month low of $14.18 and a 12-month high of $28.28.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their price objective 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 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.