Amalgamated Bank Lowers Stake in Resideo Technologies, Inc. (NYSE:REZI)

Amalgamated Bank cut its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 3.2% during the third quarter, HoldingsChannel reports. The firm owned 43,204 shares of the company’s stock after selling 1,428 shares during the period. Amalgamated Bank’s holdings in Resideo Technologies were worth $870,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in REZI. QRG Capital Management Inc. acquired a new position in Resideo Technologies in the 3rd quarter valued at about $202,000. Robeco Institutional Asset Management B.V. grew its position in Resideo Technologies by 83.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 184,843 shares of the company’s stock valued at $3,723,000 after buying an additional 83,987 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Resideo Technologies by 11.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 78,974 shares of the company’s stock valued at $1,591,000 after buying an additional 7,875 shares during the last quarter. Pembroke Management LTD acquired a new position in Resideo Technologies in the 3rd quarter valued at $5,927,000. Finally, Nisa Investment Advisors LLC raised its position in Resideo Technologies by 9.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 18,535 shares of the company’s stock worth $373,000 after buying an additional 1,557 shares during the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

Resideo Technologies Stock Performance

Shares of REZI stock opened at $25.37 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. Resideo Technologies, Inc. has a 12-month low of $16.05 and a 12-month high of $25.63. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 22.86 and a beta of 2.09. The stock has a 50 day simple moving average of $20.42 and a 200-day simple moving average of $20.38.

Wall Street Analysts Forecast Growth

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

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.