Resideo Technologies, Inc. (NYSE:REZI) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its stake in Resideo Technologies, Inc. (NYSE:REZI) by 6.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,037,120 shares of the company’s stock after selling 74,255 shares during the period. Bank of New York Mellon Corp owned 0.70% of Resideo Technologies worth $18,357,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Summit Investment Advisors Inc. raised its position in Resideo Technologies by 4.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 15,280 shares of the company’s stock worth $352,000 after buying an additional 663 shares during the last quarter. Steph & Co. increased its holdings in Resideo Technologies by 6.9% during the 1st quarter. Steph & Co. now owns 12,209 shares of the company’s stock valued at $216,000 after acquiring an additional 787 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Resideo Technologies by 8.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,582 shares of the company’s stock valued at $267,000 after acquiring an additional 933 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Resideo Technologies by 52.1% in the first quarter. Versant Capital Management Inc now owns 3,174 shares of the company’s stock valued at $56,000 after purchasing an additional 1,087 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Resideo Technologies in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 91.71% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased their price target 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 Stock Performance

Shares of NYSE REZI opened at $24.15 on Friday. The company has a market cap of $3.59 billion, a PE ratio of 75.47 and a beta of 2.15. 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 1.94 and a quick ratio of 1.16. The company has a 50-day simple moving average of $21.83 and a 200-day simple moving average of $20.17.

Insider Transactions at Resideo Technologies

In related news, Director Nina Richardson sold 2,790 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $23.68, for a total value of $66,067.20. Following the completion of the sale, the director directly owned 64,008 shares in the company, valued at approximately $1,515,709.44. The trade was a 4.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 bought at an average price of $17.38 per share, with a total value of $100,013,227.38. Following the completion of the acquisition, the insider owned 5,754,501 shares of the company’s stock, valued at $100,013,227.38. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 1.50% of the company’s stock.

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.