Resideo Technologies, Inc. (NYSE:REZI) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its stake in Resideo Technologies, Inc. (NYSE:REZI) by 4.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 445,750 shares of the company’s stock after selling 20,835 shares during the period. Rhumbline Advisers owned approximately 0.30% of Resideo Technologies worth $7,890,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in REZI. Principal Financial Group Inc. lifted its stake in shares of Resideo Technologies by 4.3% in the fourth quarter. Principal Financial Group Inc. now owns 774,642 shares of the company’s stock valued at $17,855,000 after purchasing an additional 32,014 shares during the period. CIBC Asset Management Inc increased its holdings in Resideo Technologies by 4.5% during the 4th quarter. CIBC Asset Management Inc now owns 14,546 shares of the company’s stock valued at $335,000 after acquiring an additional 624 shares in the last quarter. Pembroke Management LTD increased its holdings in Resideo Technologies by 126.8% during the 4th quarter. Pembroke Management LTD now owns 667,421 shares of the company’s stock valued at $15,384,000 after acquiring an additional 373,133 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in Resideo Technologies by 19.0% during the 4th quarter. Handelsbanken Fonder AB now owns 40,700 shares of the company’s stock valued at $938,000 after acquiring an additional 6,500 shares in the last quarter. Finally, Versor Investments LP purchased a new position in Resideo Technologies during the 4th quarter valued at about $516,000. Institutional investors and hedge funds own 91.71% of the company’s stock.

Insider Transactions 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 that occurred on Friday, May 9th. The stock was purchased at an average cost of $17.38 per share, for a total transaction of $100,013,227.38. Following the completion of the acquisition, the insider now owns 5,754,501 shares in the company, valued at $100,013,227.38. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

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

Resideo Technologies Stock Performance

Shares of NYSE REZI opened at $21.64 on Wednesday. The company has a market cap of $3.21 billion, a PE ratio of 34.34 and a beta of 2.19. Resideo Technologies, Inc. has a 12 month low of $14.18 and a 12 month 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. The company has a 50-day simple moving average of $18.34 and a 200-day simple moving average of $20.77.

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.