Millburn Ridgefield Corp Invests $157,000 in Resideo Technologies, Inc. (NYSE:REZI)

Millburn Ridgefield Corp purchased a new stake in Resideo Technologies, Inc. (NYSE:REZI) in the 3rd quarter, Holdings Channel reports. The firm purchased 7,777 shares of the company’s stock, valued at approximately $157,000.

A number of other large investors have also made changes to their positions in REZI. Pacer Advisors Inc. lifted its holdings in Resideo Technologies by 14.8% during the second quarter. Pacer Advisors Inc. now owns 6,104,301 shares of the company’s stock worth $119,400,000 after acquiring an additional 787,934 shares in the last quarter. Beaconlight Capital LLC lifted its holdings in shares of Resideo Technologies by 64.9% during the 3rd quarter. Beaconlight Capital LLC now owns 1,088,926 shares of the company’s stock valued at $21,931,000 after purchasing an additional 428,669 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of Resideo Technologies by 53.4% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,214,375 shares of the company’s stock valued at $23,753,000 after purchasing an additional 422,730 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Resideo Technologies by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,822,902 shares of the company’s stock valued at $153,015,000 after purchasing an additional 397,864 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in Resideo Technologies by 167.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 542,409 shares of the company’s stock worth $10,610,000 after purchasing an additional 339,434 shares in the last quarter. Institutional investors own 91.71% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Evercore ISI initiated coverage on shares of Resideo Technologies in a research note on Friday, August 9th. They issued an “outperform” rating and a $25.00 price target on the stock.

Insider Activity

In other news, insider Robert B. Aarnes sold 98,829 shares of Resideo Technologies stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $26.16, for a total value of $2,585,366.64. Following the sale, the insider now directly owns 458,928 shares in the company, valued at $12,005,556.48. This trade represents a 17.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.50% of the company’s stock.

Resideo Technologies Price Performance

Shares of NYSE REZI opened at $27.74 on Wednesday. The company has a fifty day moving average price of $22.49 and a 200 day moving average price of $20.92. The firm has a market cap of $4.08 billion, a PE ratio of 24.99 and a beta of 2.17. 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 1-year low of $16.36 and a 1-year high of $28.28.

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.