Teacher Retirement System of Texas Trims Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Teacher Retirement System of Texas trimmed its position in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 61.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,145 shares of the company's stock after selling 113,688 shares during the quarter. Teacher Retirement System of Texas' holdings in Resideo Technologies were worth $1,259,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Quarry LP bought a new stake in Resideo Technologies during the fourth quarter valued at approximately $28,000. Versant Capital Management Inc boosted its stake in shares of Resideo Technologies by 52.1% in the 1st quarter. Versant Capital Management Inc now owns 3,174 shares of the company's stock valued at $56,000 after purchasing an additional 1,087 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of Resideo Technologies by 705.9% during the 4th quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock valued at $110,000 after purchasing an additional 4,165 shares during the last quarter. Natixis purchased a new position in Resideo Technologies in the 4th quarter worth $115,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Resideo Technologies in the fourth quarter worth $119,000. Hedge funds and other institutional investors own 91.71% of the company's stock.

Wall Street Analyst Weigh In

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

Resideo Technologies Stock Performance

Shares of REZI opened at $23.74 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.94 and a quick ratio of 1.16. Resideo Technologies, Inc. has a one year low of $14.18 and a one year high of $28.28. The company has a 50-day simple moving average of $21.34 and a two-hundred day simple moving average of $20.14. The firm has a market capitalization of $3.53 billion, a PE ratio of 74.19 and a beta of 2.15.

Insider Buying and Selling

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

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.

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