Rhumbline Advisers Has $7.89 Million Position in Resideo Technologies, Inc. (NYSE:REZI)

Rhumbline Advisers lowered its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 4.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 quarter.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Resideo Technologies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 16,137,439 shares of the company's stock valued at $371,968,000 after acquiring an additional 75,940 shares in the last quarter. Boston Partners lifted its holdings in shares of Resideo Technologies by 25.1% in the fourth quarter. Boston Partners now owns 9,797,883 shares of the company's stock valued at $225,865,000 after purchasing an additional 1,966,706 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Resideo Technologies by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,982,342 shares of the company's stock valued at $183,996,000 after purchasing an additional 88,273 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of Resideo Technologies by 32.4% during the fourth quarter. Nuveen Asset Management LLC now owns 2,320,863 shares of the company's stock worth $53,496,000 after buying an additional 567,800 shares during the period. Finally, Prudential Financial Inc. boosted its position in shares of Resideo Technologies by 11.2% during the fourth quarter. Prudential Financial Inc. now owns 1,917,221 shares of the company's stock worth $44,192,000 after buying an additional 192,511 shares during the period. Institutional investors and hedge funds own 91.71% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lifted their target price on 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 Stock Down 0.5%

Shares of NYSE REZI traded down $0.11 during midday trading on Thursday, reaching $21.06. The company's stock had a trading volume of 929,639 shares, compared to its average volume of 982,634. The stock has a 50 day simple moving average of $18.56 and a 200-day simple moving average of $20.73. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 33.43 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.

Insider Buying and Selling at Resideo Technologies

In related news, major shareholder Channel Holdings Ii L.P. Cd&R purchased 5,754,501 shares of the firm's stock in a transaction on Friday, May 9th. The stock was purchased at an average cost of $17.38 per share, for a total transaction of $100,013,227.38. Following the completion of the purchase, the insider now directly owns 5,754,501 shares in the company, valued at $100,013,227.38. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.