SG Americas Securities LLC Invests $733,000 in Resideo Technologies, Inc. (NYSE:REZI)

SG Americas Securities LLC bought a new position in Resideo Technologies, Inc. (NYSE:REZI) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 41,438 shares of the company’s stock, valued at approximately $733,000.

A number of other institutional investors have also recently bought and sold shares of REZI. Quarry LP acquired a new position in shares of Resideo Technologies in the 4th quarter worth approximately $28,000. Versant Capital Management Inc lifted its holdings in Resideo Technologies by 52.1% during the 1st quarter. Versant Capital Management Inc now owns 3,174 shares of the company’s stock worth $56,000 after buying an additional 1,087 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Resideo Technologies by 293.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company’s stock worth $60,000 after buying an additional 1,939 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in 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 buying an additional 4,165 shares in the last quarter. Finally, Natixis acquired a new position in Resideo Technologies during the 4th quarter worth $115,000. Institutional investors and hedge funds own 91.71% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Channel Holdings Ii L.P. Cd&R purchased 5,754,501 shares of the business’s stock in a transaction on Friday, May 9th. The stock was purchased at an average cost of $17.38 per share, with a total value of $100,013,227.38. Following the acquisition, the insider now directly 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 the SEC website. 1.50% of the stock is currently owned by insiders.

Resideo Technologies Stock Up 0.2%

Shares of REZI opened at $21.01 on Friday. Resideo Technologies, Inc. has a 12 month low of $14.18 and a 12 month high of $28.28. The firm’s 50 day moving average is $19.21 and its 200-day moving average is $20.46. The stock has a market capitalization of $3.12 billion, a PE ratio of 65.64 and a beta of 2.19. The company has a current ratio of 1.94, a quick ratio of 1.16 and a debt-to-equity ratio of 0.69.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upped their price objective on shares of Resideo Technologies from $20.00 to $21.00 and gave the company a “neutral” rating in a research 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.