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

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

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Resideo Technologies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 16,137,439 shares of the company's stock worth $371,968,000 after purchasing an additional 75,940 shares during the last quarter. Barclays PLC raised its position in shares of Resideo Technologies by 358.9% in the 3rd quarter. Barclays PLC now owns 262,698 shares of the company's stock worth $5,290,000 after purchasing an additional 205,453 shares during the last quarter. Pacer Advisors Inc. purchased a new position in shares of Resideo Technologies in the 4th quarter worth about $122,145,000. Sterling Capital Management LLC raised its position in shares of Resideo Technologies by 705.9% in the 4th quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock worth $110,000 after purchasing an additional 4,165 shares during the last quarter. Finally, 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 worth $60,000 after purchasing an additional 1,939 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company's stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

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

Resideo Technologies Stock Performance

NYSE:REZI traded down $0.06 during mid-day trading on Friday, reaching $20.71. The company's stock had a trading volume of 221,788 shares, compared to its average volume of 971,377. Resideo Technologies, Inc. has a 12-month low of $14.18 and a 12-month high of $28.28. The firm's fifty day moving average price is $17.85 and its two-hundred day moving average price is $21.08. 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 stock has a market cap of $3.08 billion, a P/E ratio of 32.96 and a beta of 2.23.

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.