Two Sigma Advisers LP Lowers Stake in Resideo Technologies, Inc. (NYSE:REZI)

Two Sigma Advisers LP cut its position in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 60.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,900 shares of the company's stock after selling 50,200 shares during the period. Two Sigma Advisers LP's holdings in Resideo Technologies were worth $758,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in REZI. Siemens Fonds Invest GmbH bought a new stake in Resideo Technologies during the 4th quarter worth approximately $779,000. Sherbrooke Park Advisers LLC purchased a new position in shares of Resideo Technologies during the fourth quarter valued at approximately $385,000. ProShare Advisors LLC grew its holdings in Resideo Technologies by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 44,036 shares of the company's stock worth $1,015,000 after buying an additional 13,556 shares in the last quarter. Nuveen Asset Management LLC grew its holdings 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 worth $53,496,000 after buying an additional 567,800 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Resideo Technologies in the 4th quarter valued at $330,000. 91.71% of the stock is owned by institutional investors.

Resideo Technologies Stock Performance

Shares of Resideo Technologies stock traded up $0.21 during mid-day trading on Thursday, hitting $21.04. 322,589 shares of the stock were exchanged, compared to its average volume of 974,347. The company has a market capitalization of $3.12 billion, a P/E ratio of 33.39 and a beta of 2.23. 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 company has a 50-day simple moving average of $18.05 and a 200 day simple moving average of $20.95. Resideo Technologies, Inc. has a 12 month low of $14.18 and a 12 month high of $28.28.

Analyst Ratings Changes

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

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 stock in a transaction on Friday, May 9th. The shares were purchased at an average price of $17.38 per share, with a total value of $100,013,227.38. Following the acquisition, the insider now directly owns 5,754,501 shares in the company, valued at approximately $100,013,227.38. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.50% of the company's stock.

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.