Teacher Retirement System of Texas Decreases Stock Position in Resideo Technologies, Inc. (NYSE:REZI)

Teacher Retirement System of Texas decreased its stake in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 61.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 71,145 shares of the company's stock after selling 113,688 shares during the period. Teacher Retirement System of Texas' holdings in Resideo Technologies were worth $1,259,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP acquired a new position in Resideo Technologies during the fourth quarter worth approximately $28,000. Versant Capital Management Inc increased its position in Resideo Technologies by 52.1% during the first quarter. Versant Capital Management Inc now owns 3,174 shares of the company's stock worth $56,000 after purchasing an additional 1,087 shares during the last quarter. Sterling Capital Management LLC increased its position in 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 purchasing an additional 4,165 shares during the last quarter. Natixis purchased a new stake in Resideo Technologies during the fourth quarter worth approximately $115,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Resideo Technologies during the fourth quarter worth approximately $119,000. Institutional investors and hedge funds own 91.71% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. boosted their price objective on shares of Resideo Technologies from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd.

Resideo Technologies Trading Up 1.3%

REZI traded up $0.30 during trading on Wednesday, hitting $23.38. 952,356 shares of the company's stock were exchanged, compared to its average volume of 1,021,200. The company has a current ratio of 1.94, a quick ratio of 1.16 and a debt-to-equity ratio of 0.69. Resideo Technologies, Inc. has a 1 year low of $14.18 and a 1 year high of $28.28. The stock has a 50 day moving average price of $21.57 and a 200 day moving average price of $20.14. The firm has a market cap of $3.47 billion, a P/E ratio of 73.05 and a beta of 2.15.

Insider Activity at Resideo Technologies

In other news, major shareholder Channel Holdings Ii L.P. Cd&R bought 5,754,501 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was acquired at an average cost of $17.38 per share, for a total transaction of $100,013,227.38. Following the completion of the purchase, the insider owned 5,754,501 shares of the company's stock, valued at $100,013,227.38. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nina Richardson sold 2,790 shares of the company's stock in a transaction on 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 transaction, the director owned 64,008 shares of the company's stock, valued at $1,515,709.44. This trade represents a 4.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

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.