Mutual of America Capital Management LLC Cuts Stake in Resideo Technologies, Inc. (NYSE:REZI)

Mutual of America Capital Management LLC decreased its stake in Resideo Technologies, Inc. (NYSE:REZI) by 8.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,021 shares of the company’s stock after selling 1,979 shares during the period. Mutual of America Capital Management LLC’s holdings in Resideo Technologies were worth $444,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in Resideo Technologies by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,822,902 shares of the company’s stock valued at $153,015,000 after acquiring an additional 397,864 shares during the period. Boston Partners boosted its stake in Resideo Technologies by 3.0% in the 1st quarter. Boston Partners now owns 6,700,564 shares of the company’s stock worth $150,177,000 after purchasing an additional 193,351 shares during the period. Pacer Advisors Inc. grew its holdings in Resideo Technologies by 14.8% during the 2nd quarter. Pacer Advisors Inc. now owns 6,104,301 shares of the company’s stock valued at $119,400,000 after buying an additional 787,934 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Resideo Technologies by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,312,932 shares of the company’s stock worth $25,681,000 after acquiring an additional 17,505 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its holdings in Resideo Technologies by 53.4% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,214,375 shares of the company’s stock valued at $23,753,000 after purchasing an additional 422,730 shares during the period. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Resideo Technologies Price Performance

REZI opened at $27.14 on Thursday. The stock has a 50-day moving average price of $21.71 and a 200-day moving average price of $20.72. The stock has a market capitalization of $3.99 billion, a P/E ratio of 24.81 and a beta of 2.09. Resideo Technologies, Inc. has a 12-month low of $16.16 and a 12-month high of $28.28. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69.

Insider Buying and Selling at Resideo Technologies

In other news, insider Robert B. Aarnes sold 98,829 shares of the business’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 completion of the sale, the insider now directly owns 458,928 shares in the company, valued at approximately $12,005,556.48. The trade was a 17.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.50% of the company’s stock.

Resideo Technologies 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.