Two Sigma Investments LP Sells 32,575 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Two Sigma Investments LP lessened its holdings in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 61.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,485 shares of the company's stock after selling 32,575 shares during the quarter. Two Sigma Investments LP's holdings in Resideo Technologies were worth $472,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Siemens Fonds Invest GmbH bought a new position in Resideo Technologies in the fourth quarter valued at approximately $779,000. Sherbrooke Park Advisers LLC acquired a new stake in shares of Resideo Technologies in the 4th quarter valued at approximately $385,000. ProShare Advisors LLC grew its stake in shares of Resideo Technologies by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 44,036 shares of the company's stock valued at $1,015,000 after buying an additional 13,556 shares in the last quarter. Nuveen Asset Management LLC grew its stake in shares of Resideo Technologies by 32.4% in the fourth quarter. Nuveen Asset Management LLC now owns 2,320,863 shares of the company's stock valued at $53,496,000 after buying an additional 567,800 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new position in Resideo Technologies during the fourth quarter worth $330,000. Institutional investors own 91.71% of the company's stock.

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 stock in a transaction on Friday, May 9th. The shares were purchased at an average cost 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 $100,013,227.38. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. increased their price target on shares of Resideo Technologies from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Tuesday, June 3rd.

Resideo Technologies Stock Performance

NYSE REZI traded up $0.17 during trading on Tuesday, reaching $21.64. 830,080 shares of the company's stock were exchanged, compared to its average volume of 979,639. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. The business has a 50 day moving average price of $18.24 and a 200-day moving average price of $20.77. The stock has a market capitalization of $3.21 billion, a P/E ratio of 34.34 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.

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.