Rhumbline Advisers Decreases Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Rhumbline Advisers trimmed its position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 4.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 445,750 shares of the company's stock after selling 20,835 shares during the quarter. Rhumbline Advisers owned 0.30% of Resideo Technologies worth $7,890,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Quarry LP purchased a new stake in shares of Resideo Technologies during the 4th quarter valued at $28,000. Versant Capital Management Inc grew its stake in shares of Resideo Technologies by 52.1% during the 1st quarter. Versant Capital Management Inc now owns 3,174 shares of the company's stock worth $56,000 after acquiring an additional 1,087 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Resideo Technologies by 293.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company's stock worth $60,000 after acquiring an additional 1,939 shares during the period. Sterling Capital Management LLC grew its stake in shares of Resideo Technologies by 705.9% during the 4th quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock worth $110,000 after acquiring an additional 4,165 shares during the period. Finally, Natixis bought a new position in Resideo Technologies in the 4th quarter worth about $115,000. 91.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. raised 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 Price Performance

NYSE REZI traded down $0.59 during trading hours on Friday, hitting $20.49. The company had a trading volume of 964,837 shares, compared to its average volume of 986,799. Resideo Technologies, Inc. has a 52 week low of $14.18 and a 52 week high of $28.28. The firm has a 50 day simple moving average of $18.68 and a 200 day simple moving average of $20.64. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 32.52 and a beta of 2.19.

Insiders Place Their Bets

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R purchased 5,754,501 shares of the company's stock in a transaction dated Friday, May 9th. The stock was purchased at an average price of $17.38 per share, for a total transaction of $100,013,227.38. Following the transaction, the insider now owns 5,754,501 shares in the company, valued at $100,013,227.38. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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.