Two Sigma Advisers LP Trims Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Two Sigma Advisers LP reduced its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 60.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,900 shares of the company's stock after selling 50,200 shares during the quarter. Two Sigma Advisers LP's holdings in Resideo Technologies were worth $758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Boston Partners raised its position in Resideo Technologies by 25.1% in the 4th 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 during the last quarter. Norges Bank bought a new stake in shares of Resideo Technologies in the fourth quarter worth approximately $40,596,000. Federated Hermes Inc. purchased a new position in shares of Resideo Technologies during the fourth quarter valued at approximately $35,542,000. Nuveen Asset Management LLC lifted its position in Resideo Technologies by 32.4% during the fourth quarter. Nuveen Asset Management LLC now owns 2,320,863 shares of the company's stock valued at $53,496,000 after purchasing an additional 567,800 shares during the period. Finally, Pembroke Management LTD lifted its position in Resideo Technologies by 126.8% during the fourth quarter. Pembroke Management LTD now owns 667,421 shares of the company's stock valued at $15,384,000 after purchasing an additional 373,133 shares during the period. 91.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lifted their target price on shares of Resideo Technologies from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Tuesday.

Resideo Technologies Stock Performance

REZI stock traded up $0.24 during trading on Friday, reaching $21.15. The stock had a trading volume of 576,993 shares, compared to its average volume of 978,484. Resideo Technologies, Inc. has a 52 week low of $14.18 and a 52 week high of $28.28. The stock's 50 day moving average is $18.18 and its two-hundred day moving average is $20.88. 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 firm has a market cap of $3.14 billion, a PE ratio of 33.57 and a beta of 2.23.

Insider Transactions at Resideo Technologies

In related news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 5,754,501 shares of Resideo Technologies stock in a transaction dated 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 purchase, the insider now directly owns 5,754,501 shares of the company's stock, valued at approximately $100,013,227.38. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 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.