Clark Estates Inc. NY Sells 27,297 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Clark Estates Inc. NY trimmed its position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 20.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,100 shares of the company's stock after selling 27,297 shares during the quarter. Clark Estates Inc. NY owned 0.07% of Resideo Technologies worth $1,931,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of Resideo Technologies by 2.6% during the first quarter. Principal Financial Group Inc. now owns 794,943 shares of the company's stock worth $14,070,000 after acquiring an additional 20,301 shares during the period. Vanguard Group Inc. raised its holdings in shares of Resideo Technologies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 16,137,439 shares of the company's stock worth $371,968,000 after acquiring an additional 75,940 shares during the period. GAMMA Investing LLC raised its holdings in shares of Resideo Technologies by 1,296.4% during the first quarter. GAMMA Investing LLC now owns 54,711 shares of the company's stock worth $968,000 after acquiring an additional 50,793 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of Resideo Technologies by 1,261.2% during the first quarter. Exchange Traded Concepts LLC now owns 7,160 shares of the company's stock worth $127,000 after acquiring an additional 6,634 shares during the period. Finally, Sterling Capital Management LLC raised its holdings in shares of Resideo Technologies by 705.9% during the fourth quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock worth $110,000 after acquiring an additional 4,165 shares during the period. 91.71% of the stock is owned by institutional investors.

Insider Activity at Resideo Technologies

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 5,754,501 shares of the business's stock in a transaction on Friday, May 9th. The stock was purchased at an average price of $17.38 per share, with a total value of $100,013,227.38. Following the acquisition, the insider directly owned 5,754,501 shares of the company's stock, valued at approximately $100,013,227.38. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nina Richardson sold 2,790 shares of the business's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $23.68, for a total transaction of $66,067.20. Following the completion of the sale, the director directly owned 64,008 shares of the company's stock, valued at $1,515,709.44. This represents a 4.18% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Resideo Technologies Stock Performance

REZI traded down $1.87 on Friday, reaching $25.43. The company had a trading volume of 2,169,415 shares, compared to its average volume of 1,209,716. Resideo Technologies, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $29.40. The stock has a market cap of $3.78 billion, a P/E ratio of 79.47 and a beta of 2.16. The company's fifty day moving average is $22.71 and its 200 day moving average is $20.35. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.16 and a current ratio of 1.94.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Oppenheimer upgraded shares of Resideo Technologies from a "market perform" rating to an "outperform" rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of Resideo Technologies from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Tuesday, June 3rd.

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.