Thrivent Financial for Lutherans Sells 41,700 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Thrivent Financial for Lutherans lowered its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 26.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 114,976 shares of the company’s stock after selling 41,700 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of Resideo Technologies worth $2,316,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Resideo Technologies by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 7,822,902 shares of the company’s stock valued at $153,015,000 after purchasing an additional 397,864 shares in the last quarter. Boston Partners increased its stake in shares of Resideo Technologies by 3.0% in the first quarter. Boston Partners now owns 6,700,564 shares of the company’s stock valued at $150,177,000 after buying an additional 193,351 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Resideo Technologies by 14.8% in the second quarter. Pacer Advisors Inc. now owns 6,104,301 shares of the company’s stock valued at $119,400,000 after acquiring an additional 787,934 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Resideo Technologies by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 1,312,932 shares of the company’s stock valued at $25,681,000 after acquiring an additional 17,505 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in Resideo Technologies by 53.4% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,214,375 shares of the company’s stock valued at $23,753,000 after acquiring an additional 422,730 shares during the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

Analysts Set New Price Targets

Separately, Evercore ISI initiated coverage on Resideo Technologies in a report on Friday, August 9th. They set an “outperform” rating and a $25.00 target price on the stock.

Insider Activity at Resideo Technologies

In other Resideo Technologies news, insider Robert B. Aarnes sold 98,829 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $26.16, for a total transaction of $2,585,366.64. Following the transaction, the insider now owns 458,928 shares of the company’s stock, valued at $12,005,556.48. The trade was a 17.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is owned by insiders.

Resideo Technologies Trading Down 0.7 %

NYSE REZI opened at $27.14 on Thursday. The stock’s 50-day moving average is $21.71 and its 200-day moving average is $20.72. Resideo Technologies, Inc. has a one year low of $16.16 and a one year high of $28.28. The firm has a market cap of $3.99 billion, a P/E ratio of 24.45 and a beta of 2.09. 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 Company Profile

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.