Jane Street Group LLC Decreases Stake in Resideo Technologies, Inc. (NYSE:REZI)

Jane Street Group LLC decreased its holdings in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 24.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 123,254 shares of the company's stock after selling 40,975 shares during the quarter. Jane Street Group LLC owned about 0.08% of Resideo Technologies worth $2,841,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Lido Advisors LLC grew its stake in shares of Resideo Technologies by 18.7% in the fourth quarter. Lido Advisors LLC now owns 14,030 shares of the company's stock worth $323,000 after acquiring an additional 2,214 shares during the last quarter. Northern Trust Corp increased its stake in shares of Resideo Technologies by 14.3% in the 4th quarter. Northern Trust Corp now owns 1,917,077 shares of the company's stock worth $44,189,000 after purchasing an additional 239,967 shares in the last quarter. Tudor Investment Corp ET AL grew its holdings in Resideo Technologies by 45.7% during the fourth quarter. Tudor Investment Corp ET AL now owns 125,229 shares of the company's stock valued at $2,887,000 after purchasing an additional 39,274 shares during the period. Quarry LP purchased a new stake in Resideo Technologies in the 4th quarter worth approximately $28,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Resideo Technologies by 10.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 107,305 shares of the company's stock valued at $2,474,000 after purchasing an additional 10,335 shares during the period. Institutional investors own 91.71% of the company's stock.

Analyst Upgrades and Downgrades

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

Resideo Technologies Trading Up 0.0%

Shares of Resideo Technologies stock traded up $0.01 on Tuesday, hitting $20.99. 95,827 shares of the company traded hands, compared to its average volume of 962,900. The company has a market cap of $3.12 billion, a PE ratio of 33.25 and a beta of 2.23. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. Resideo Technologies, Inc. has a 52 week low of $14.18 and a 52 week high of $28.28. The stock's 50 day moving average price is $17.43 and its 200-day moving average price is $21.16.

Resideo Technologies (NYSE:REZI - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.08). Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. The company had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.84 billion. Equities research analysts predict that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

Insider Buying and Selling at Resideo Technologies

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

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.