Point72 Hong Kong Ltd Trims Position in Resideo Technologies, Inc. (NYSE:REZI)

Point72 Hong Kong Ltd lowered its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 52.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,703 shares of the company’s stock after selling 10,621 shares during the period. Point72 Hong Kong Ltd’s holdings in Resideo Technologies were worth $195,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in REZI. Pacer Advisors Inc. boosted its stake in Resideo Technologies by 14.8% in the 2nd quarter. Pacer Advisors Inc. now owns 6,104,301 shares of the company’s stock worth $119,400,000 after buying an additional 787,934 shares during the last quarter. Beaconlight Capital LLC boosted its position in shares of Resideo Technologies by 64.9% in the third quarter. Beaconlight Capital LLC now owns 1,088,926 shares of the company’s stock worth $21,931,000 after acquiring an additional 428,669 shares during the last quarter. D. E. Shaw & Co. Inc. grew its holdings in Resideo Technologies by 53.4% in the second 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 during the period. Dimensional Fund Advisors LP increased its position in Resideo Technologies by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 7,822,902 shares of the company’s stock worth $153,015,000 after purchasing an additional 397,864 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in Resideo Technologies by 167.2% during the second 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 during the period. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Resideo Technologies Stock Performance

Resideo Technologies stock opened at $27.49 on Tuesday. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 24.77 and a beta of 2.17. Resideo Technologies, Inc. has a 12 month low of $16.36 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 stock’s 50-day moving average is $22.31 and its 200-day moving average is $20.87.

Insider Buying and Selling

In related news, insider Robert B. Aarnes sold 98,829 shares of Resideo Technologies stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $26.16, for a total transaction of $2,585,366.64. Following the transaction, the insider now owns 458,928 shares in the company, valued at approximately $12,005,556.48. The trade was a 17.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Evercore ISI began coverage on shares of Resideo Technologies in a research note on Friday, August 9th. They set an “outperform” rating and a $25.00 price objective for the company.

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.