Resideo Technologies, Inc. (NYSE:REZI) Holdings Reduced by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its stake in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 10.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 209,419 shares of the company's stock after selling 25,288 shares during the period. New York State Teachers Retirement System owned about 0.14% of Resideo Technologies worth $3,707,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP purchased a new position in shares of Resideo Technologies during the 4th quarter worth approximately $28,000. Smartleaf Asset Management LLC grew its stake in shares of Resideo Technologies by 293.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company's stock valued at $60,000 after buying an additional 1,939 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Resideo Technologies by 52.1% during the 1st quarter. Versant Capital Management Inc now owns 3,174 shares of the company's stock valued at $56,000 after acquiring an additional 1,087 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in Resideo Technologies by 705.9% in the 4th quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock worth $110,000 after buying an additional 4,165 shares in the last quarter. Finally, Natixis purchased a new stake in shares of Resideo Technologies during the fourth quarter worth about $115,000. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Resideo Technologies Stock Down 2.4%

Shares of Resideo Technologies stock traded down $0.57 during trading on Monday, reaching $23.51. The company had a trading volume of 949,073 shares, compared to its average volume of 1,014,493. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 73.47 and a beta of 2.15. The firm's fifty day moving average is $20.64 and its 200-day moving average is $20.14. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.16 and a current ratio of 1.94. Resideo Technologies, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $28.28.

Insider Buying and Selling at Resideo Technologies

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 5,754,501 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average price of $17.38 per share, with a total value of $100,013,227.38. Following the transaction, the insider directly 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upped their target price 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.

Resideo Technologies Company 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.