Teacher Retirement System of Texas Reduces Position in Resideo Technologies, Inc. $REZI

Teacher Retirement System of Texas decreased its position in Resideo Technologies, Inc. (NYSE:REZI) by 65.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,820 shares of the company’s stock after selling 38,623 shares during the period. Teacher Retirement System of Texas’ holdings in Resideo Technologies were worth $899,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Partners LLC increased its holdings in Resideo Technologies by 588.2% in the 3rd quarter. ORG Partners LLC now owns 585 shares of the company’s stock worth $25,000 after buying an additional 500 shares during the period. Salomon & Ludwin LLC boosted its holdings in shares of Resideo Technologies by 3,591.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 1,255 shares of the company’s stock valued at $54,000 after acquiring an additional 1,221 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Resideo Technologies in the second quarter worth $34,000. IFP Advisors Inc raised its holdings in shares of Resideo Technologies by 37.6% during the second quarter. IFP Advisors Inc now owns 3,341 shares of the company’s stock worth $81,000 after purchasing an additional 913 shares during the last quarter. Finally, Aspiriant LLC purchased a new position in shares of Resideo Technologies during the third quarter worth $212,000. Institutional investors and hedge funds own 91.71% of the company’s stock.

Resideo Technologies Stock Up 1.4%

Resideo Technologies stock opened at $35.89 on Wednesday. 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 has a market capitalization of $5.37 billion, a PE ratio of -7.67 and a beta of 1.73. The business has a 50 day simple moving average of $35.43 and a 200-day simple moving average of $35.40. Resideo Technologies, Inc. has a 12 month low of $14.18 and a 12 month high of $45.29.

Resideo Technologies (NYSE:REZI) last announced its earnings results on Wednesday, November 5th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.18. Resideo Technologies had a positive return on equity of 14.96% and a negative net margin of 8.85%.The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.88 billion. The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.58 EPS. On average, analysts anticipate that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Activity

In other news, Director Andrew C. Teich acquired 8,149 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were bought at an average cost of $30.68 per share, for a total transaction of $250,011.32. Following the acquisition, the director owned 340,621 shares in the company, valued at approximately $10,450,252.28. This represents a 2.45% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Channel Holdings Ii L.P. Cd&R acquired 566,758 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were purchased at an average price of $31.82 per share, with a total value of $18,034,239.56. Following the completion of the purchase, the insider owned 14,960,492 shares in the company, valued at $476,042,855.44. This represents a 3.94% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders bought 1,697,907 shares of company stock worth $53,222,621. Company insiders own 1.50% of the company’s stock.

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.