Resideo Technologies, Inc. (NYSE:REZI) Stock Holdings Lowered by Two Sigma Investments LP

Two Sigma Investments LP reduced its position in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 61.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP bought a new stake in shares of Resideo Technologies in the fourth quarter worth $28,000. Smartleaf Asset Management LLC boosted its stake in Resideo Technologies by 293.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company's stock valued at $60,000 after acquiring an additional 1,939 shares during the period. Sterling Capital Management LLC boosted its position in Resideo Technologies by 705.9% during the 4th quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock valued at $110,000 after purchasing an additional 4,165 shares during the period. Natixis bought a new stake in Resideo Technologies in the fourth quarter valued at $115,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Resideo Technologies in the 4th quarter valued at about $119,000. Institutional investors and hedge funds own 91.71% of the company's stock.

Resideo Technologies Stock Performance

Shares of NYSE REZI traded down $0.59 during midday trading on Friday, reaching $20.49. 964,837 shares of the company traded hands, compared to its average volume of 982,562. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 32.52 and a beta of 2.19. The stock has a 50-day moving average price of $18.56 and a 200 day moving average price of $20.73. Resideo Technologies, Inc. has a 52 week low of $14.18 and a 52 week high of $28.28. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10.

Insider Activity at Resideo Technologies

In other news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 5,754,501 shares of the business's stock in a transaction dated Friday, May 9th. The stock was acquired at an average price of $17.38 per share, for a total transaction of $100,013,227.38. Following the completion of the acquisition, the insider now directly owns 5,754,501 shares in the company, valued at $100,013,227.38. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their price objective on Resideo Technologies from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd.

Resideo Technologies 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.