Clark Estates Inc. NY Sells 15,000 Shares of Resideo Technologies, Inc. $REZI

Clark Estates Inc. NY lessened its stake in Resideo Technologies, Inc. (NYSE:REZI) by 13.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 94,100 shares of the company’s stock after selling 15,000 shares during the quarter. Resideo Technologies makes up about 0.9% of Clark Estates Inc. NY’s investment portfolio, making the stock its 19th largest position. Clark Estates Inc. NY owned about 0.06% of Resideo Technologies worth $4,063,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake in Resideo Technologies by 50.0% in the 1st quarter. Royal Bank of Canada now owns 49,395 shares of the company’s stock worth $873,000 after purchasing an additional 16,467 shares in the last quarter. AQR Capital Management LLC grew its holdings in Resideo Technologies by 58.9% during the 1st quarter. AQR Capital Management LLC now owns 122,734 shares of the company’s stock valued at $2,172,000 after buying an additional 45,517 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Resideo Technologies by 7.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 126,161 shares of the company’s stock worth $2,233,000 after acquiring an additional 9,106 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Resideo Technologies by 1,123.6% during the 1st quarter. Millennium Management LLC now owns 263,821 shares of the company’s stock worth $4,670,000 after acquiring an additional 242,260 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Resideo Technologies by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 439,149 shares of the company’s stock valued at $7,773,000 after acquiring an additional 26,254 shares during the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

Resideo Technologies Trading Up 1.6%

REZI stock opened at $36.71 on Monday. Resideo Technologies, Inc. has a twelve month low of $14.18 and a twelve month high of $45.29. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of -7.84 and a beta of 1.73. The company has a quick ratio of 1.07, a current ratio of 1.88 and a debt-to-equity ratio of 1.38. The firm’s fifty day simple moving average is $35.92 and its two-hundred day simple moving average is $36.36.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research report on Thursday, January 22nd. Zacks Research downgraded shares of Resideo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, Wall Street Zen cut shares of Resideo Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $34.67.

About Resideo Technologies

Resideo Technologies, Inc, headquartered in Austin, Texas, is a global provider of home comfort, security and energy management solutions. Formed as an independent company in 2018 following its spin-off from Honeywell, Resideo leverages decades of engineering experience to deliver connected products and services to residential and light commercial customers.

The company’s core offerings include smart thermostats, security systems, video doorbells, water leak and freeze detection devices, and indoor air quality monitors.