Voloridge Investment Management LLC Sells 58,144 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Voloridge Investment Management LLC reduced its stake in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 466,116 shares of the company's stock after selling 58,144 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.32% of Resideo Technologies worth $10,744,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Quarry LP bought a new stake in Resideo Technologies in the 4th quarter valued at $28,000. R Squared Ltd acquired a new position in Resideo Technologies during the 4th quarter valued at about $30,000. Smartleaf Asset Management LLC raised its position in shares of Resideo Technologies by 293.3% in the 4th 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. Blue Trust Inc. increased its stake in Resideo Technologies by 28.9% during the 4th quarter. Blue Trust Inc. now owns 3,241 shares of the company's stock worth $75,000 after purchasing an additional 726 shares in the last quarter. Finally, Sterling Capital Management LLC grew its stake in shares of Resideo Technologies by 705.9% during the 4th quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock worth $110,000 after acquiring an additional 4,165 shares in the last quarter. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Resideo Technologies Stock Performance

NYSE REZI traded up $0.77 during trading hours on Tuesday, reaching $20.66. 733,007 shares of the company were exchanged, compared to its average volume of 972,858. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $3.07 billion, a P/E ratio of 32.79 and a beta of 2.23. Resideo Technologies, Inc. has a 1 year low of $14.18 and a 1 year high of $28.28. The business's 50 day simple moving average is $17.74 and its 200-day simple moving average is $21.11.

Insider Buying and Selling at Resideo Technologies

In related news, major shareholder Channel Holdings Ii L.P. Cd&R bought 5,754,501 shares of the stock in a transaction on Friday, May 9th. The shares were acquired at an average price of $17.38 per share, for a total transaction of $100,013,227.38. Following the purchase, the insider now owns 5,754,501 shares of the company's stock, valued at approximately $100,013,227.38. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. downgraded Resideo Technologies from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $31.00 to $16.00 in a report on Tuesday, April 22nd.

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.