Clark Estates Inc. NY Reduces Holdings in Resideo Technologies, Inc. (NYSE:REZI)

Clark Estates Inc. NY lessened its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 7.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 152,925 shares of the company’s stock after selling 12,300 shares during the period. Clark Estates Inc. NY’s holdings in Resideo Technologies were worth $3,080,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. FMR LLC grew its holdings in Resideo Technologies by 22.7% in the 3rd quarter. FMR LLC now owns 165,001 shares of the company’s stock valued at $3,323,000 after buying an additional 30,538 shares in the last quarter. Horizon Kinetics Asset Management LLC lifted its holdings in Resideo Technologies by 32.3% in the third quarter. Horizon Kinetics Asset Management LLC now owns 87,112 shares of the company’s stock valued at $1,754,000 after acquiring an additional 21,266 shares during the last quarter. Algert Global LLC lifted its holdings in Resideo Technologies by 15.3% in the third quarter. Algert Global LLC now owns 163,750 shares of the company’s stock valued at $3,298,000 after acquiring an additional 21,770 shares during the last quarter. Citigroup Inc. increased its position in shares of Resideo Technologies by 47.5% during the 3rd quarter. Citigroup Inc. now owns 197,142 shares of the company’s stock worth $3,970,000 after purchasing an additional 63,501 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Resideo Technologies by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,545,865 shares of the company’s stock valued at $31,134,000 after buying an additional 54,508 shares during the period. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Resideo Technologies Stock Performance

NYSE REZI opened at $27.32 on Wednesday. The stock has a 50-day moving average of $21.55 and a two-hundred day moving average of $20.68. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. Resideo Technologies, Inc. has a 1-year low of $16.16 and a 1-year high of $28.28. The company has a market cap of $4.02 billion, a P/E ratio of 24.61 and a beta of 2.09.

Analysts Set New Price Targets

Separately, Evercore ISI assumed coverage on shares of Resideo Technologies in a research note on Friday, August 9th. They issued an “outperform” rating and a $25.00 price target on the stock.

Insider Buying and Selling

In related news, insider Robert B. Aarnes sold 98,829 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $26.16, for a total value of $2,585,366.64. Following the sale, the insider now owns 458,928 shares of the company’s stock, valued at $12,005,556.48. This trade represents a 17.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.