Squarepoint Ops LLC Invests $284,000 in Resideo Technologies, Inc. (NYSE:REZI)

Squarepoint Ops LLC acquired a new position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,326 shares of the company's stock, valued at approximately $284,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Resideo Technologies by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 16,137,439 shares of the company's stock worth $371,968,000 after buying an additional 75,940 shares in the last quarter. Boston Partners boosted its stake in Resideo Technologies by 25.1% in the fourth quarter. Boston Partners now owns 9,797,883 shares of the company's stock worth $225,865,000 after buying an additional 1,966,706 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Resideo Technologies by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,982,342 shares of the company's stock worth $183,996,000 after buying an additional 88,273 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Resideo Technologies by 32.4% in 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 in the last quarter. Finally, Prudential Financial Inc. boosted its stake in Resideo Technologies by 11.2% in 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 in the last quarter. Hedge funds and other institutional investors own 91.71% of the company's stock.

Insider Buying and Selling at Resideo Technologies

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 that occurred on Friday, May 9th. The stock was bought at an average price of $17.38 per share, with a total value of $100,013,227.38. Following the completion of the purchase, the insider now directly owns 5,754,501 shares of the company's stock, valued at $100,013,227.38. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.50% of the company's stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upped 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.

Resideo Technologies Stock Performance

Shares of REZI stock opened at $21.15 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82. Resideo Technologies, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $28.28. The stock has a 50 day moving average price of $18.18 and a two-hundred day moving average price of $20.88. The company has a market capitalization of $3.14 billion, a P/E ratio of 33.57 and a beta of 2.23.

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.

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