New York State Teachers Retirement System Sells 25,288 Shares of Resideo Technologies, Inc. (NYSE:REZI)

New York State Teachers Retirement System lowered its position in shares of Resideo Technologies, Inc. (NYSE:REZI) by 10.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Summit Investment Advisors Inc. grew its position in Resideo Technologies by 4.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 15,280 shares of the company’s stock worth $352,000 after acquiring an additional 663 shares during the last quarter. Steph & Co. grew its position in shares of Resideo Technologies by 6.9% in the 1st quarter. Steph & Co. now owns 12,209 shares of the company’s stock valued at $216,000 after buying an additional 787 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Resideo Technologies by 8.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,582 shares of the company’s stock valued at $267,000 after buying an additional 933 shares during the last quarter. Versant Capital Management Inc grew its position 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 buying an additional 1,087 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Resideo Technologies in the 4th quarter valued at about $28,000. Institutional investors own 91.71% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upped their price target 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 Up 1.2%

REZI stock opened at $24.08 on Monday. The stock’s 50 day simple moving average is $20.64 and its 200 day simple moving average is $20.14. Resideo Technologies, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $28.28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.16 and a current ratio of 1.94. The company has a market cap of $3.58 billion, a P/E ratio of 75.25 and a beta of 2.15.

Insiders Place Their Bets

In related news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 5,754,501 shares of the stock in a transaction dated Friday, May 9th. The stock was purchased at an average cost of $17.38 per share, with a total value of $100,013,227.38. Following the completion of the purchase, the insider directly owned 5,754,501 shares in the company, valued at $100,013,227.38. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.50% of the company’s stock.

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.