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

Clark Estates Inc. NY decreased its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 13.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 0.9% of Clark Estates Inc. NY’s portfolio, making the stock its 19th largest position. Clark Estates Inc. NY’s holdings in Resideo Technologies were worth $4,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Clayton Dubilier & Rice LLC lifted its position in shares of Resideo Technologies by 130.3% during the third quarter. Clayton Dubilier & Rice LLC now owns 13,286,384 shares of the company’s stock valued at $573,706,000 after buying an additional 7,516,233 shares during the last quarter. Norges Bank purchased a new stake in Resideo Technologies during the second quarter valued at approximately $40,374,000. Ophir Asset Management Pty Ltd acquired a new stake in Resideo Technologies in the second quarter valued at approximately $35,419,000. Locust Wood Capital Advisers LLC purchased a new position in Resideo Technologies in the third quarter worth $50,936,000. Finally, Swedbank AB acquired a new position in shares of Resideo Technologies during the third quarter worth $45,760,000. Institutional investors own 91.71% of the company’s stock.

Resideo Technologies Price Performance

NYSE REZI opened at $36.71 on Monday. The company has a market cap of $5.50 billion, a price-to-earnings ratio of -7.84 and a beta of 1.73. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.88 and a quick ratio of 1.07. The stock’s fifty day moving average price is $35.92 and its 200 day moving average price is $36.36. Resideo Technologies, Inc. has a 1 year low of $14.18 and a 1 year high of $45.29.

Wall Street Analyst Weigh In

Several brokerages have recently commented on REZI. Wall Street Zen lowered Resideo Technologies from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Zacks Research cut Resideo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $34.67.

Resideo Technologies Profile

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.