Resideo Technologies, Inc. (NYSE:REZI) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 6.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,037,120 shares of the company's stock after selling 74,255 shares during the quarter. 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 and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP acquired a new position in Resideo Technologies in the fourth quarter valued at approximately $28,000. Versant Capital Management Inc lifted its stake 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 purchasing an additional 1,087 shares during the last quarter. Sterling Capital Management LLC lifted its stake 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 purchasing an additional 4,165 shares during the last quarter. Natixis acquired a new position in shares of Resideo Technologies in the 4th quarter valued at $115,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Resideo Technologies in the fourth quarter valued at about $119,000. Institutional investors and hedge funds own 91.71% of the company's stock.

Insider Transactions at Resideo Technologies

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

Wall Street Analysts Forecast Growth

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

Resideo Technologies Stock Performance

NYSE REZI traded down $0.06 during trading on Friday, reaching $24.15. The company's stock had a trading volume of 811,253 shares, compared to its average volume of 1,026,628. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.16 and a current ratio of 1.94. 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 twelve month low of $14.18 and a twelve month high of $28.28. The business's fifty day moving average price is $21.83 and its 200-day moving average price is $20.15.

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.