Resideo Technologies, Inc. (NYSE:REZI) Position Trimmed by Allianz Asset Management GmbH

Allianz Asset Management GmbH decreased its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 69.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,884 shares of the company’s stock after selling 24,534 shares during the quarter. Allianz Asset Management GmbH’s holdings in Resideo Technologies were worth $193,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. IFP Advisors Inc raised its holdings in Resideo Technologies by 20,133.3% during the 1st quarter. IFP Advisors Inc now owns 2,428 shares of the company’s stock worth $43,000 after buying an additional 2,416 shares during the period. Foundry Partners LLC increased its position in shares of Resideo Technologies by 43.3% in the first quarter. Foundry Partners LLC now owns 216,369 shares of the company’s stock worth $3,830,000 after acquiring an additional 65,332 shares in the last quarter. Segall Bryant & Hamill LLC raised its holdings in shares of Resideo Technologies by 16.2% during the first quarter. Segall Bryant & Hamill LLC now owns 212,742 shares of the company’s stock valued at $3,766,000 after acquiring an additional 29,614 shares during the period. Victory Capital Management Inc. lifted its position in shares of Resideo Technologies by 67.8% in the 1st quarter. Victory Capital Management Inc. now owns 283,562 shares of the company’s stock valued at $5,019,000 after acquiring an additional 114,604 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its position in shares of Resideo Technologies by 12.0% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 34,090 shares of the company’s stock valued at $603,000 after acquiring an additional 3,651 shares in the last quarter. Institutional investors own 91.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on REZI shares. Oppenheimer upgraded shares of Resideo Technologies from a “market perform” rating to an “outperform” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their price target on Resideo Technologies from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, June 3rd.

Insider Activity at Resideo Technologies

In other Resideo Technologies news, Director Nina Richardson sold 2,790 shares of the company’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 transaction, the director owned 64,008 shares in the company, valued at approximately $1,515,709.44. This represents a 4.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Channel Holdings Ii L.P. Cd&R bought 5,754,501 shares of the business’s stock in a transaction 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 transaction, the insider owned 5,754,501 shares in the company, valued at approximately $100,013,227.38. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by insiders.

Resideo Technologies Price Performance

Shares of REZI opened at $25.72 on Tuesday. The business’s 50-day moving average is $22.83 and its 200-day moving average is $20.34. 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 market capitalization of $3.82 billion, a price-to-earnings ratio of 80.38 and a beta of 2.16. Resideo Technologies, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $29.40.

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.