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

Thrivent Financial for Lutherans lowered its position in shares of Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 26.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 114,976 shares of the company's stock after selling 41,700 shares during the quarter. Thrivent Financial for Lutherans owned about 0.08% of Resideo Technologies worth $2,316,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Royce & Associates LP boosted its position in shares of Resideo Technologies by 6.6% in the 3rd quarter. Royce & Associates LP now owns 504,653 shares of the company's stock worth $10,164,000 after purchasing an additional 31,340 shares in the last quarter. Nicola Wealth Management LTD. boosted its holdings in Resideo Technologies by 34.7% in the third quarter. Nicola Wealth Management LTD. now owns 205,600 shares of the company's stock worth $4,141,000 after acquiring an additional 53,000 shares in the last quarter. MQS Management LLC purchased a new stake in shares of Resideo Technologies in the third quarter worth $261,000. Victory Capital Management Inc. increased its holdings in shares of Resideo Technologies by 14.3% during the third quarter. Victory Capital Management Inc. now owns 165,748 shares of the company's stock valued at $3,338,000 after acquiring an additional 20,723 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in shares of Resideo Technologies during the third quarter valued at $397,000. Institutional investors own 91.71% of the company's stock.

Analysts Set New Price Targets

Separately, Evercore ISI assumed coverage on shares of Resideo Technologies in a research report on Friday, August 9th. They set an "outperform" rating and a $25.00 price objective on the stock.

Insiders Place Their Bets

In other news, insider Robert B. Aarnes sold 98,829 shares of the firm's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $26.16, for a total transaction of $2,585,366.64. Following the sale, the insider now owns 458,928 shares of the company's stock, valued at $12,005,556.48. This trade represents a 17.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.50% of the company's stock.

Resideo Technologies Stock Down 0.7 %

NYSE REZI traded down $0.18 during mid-day trading on Thursday, reaching $27.14. The stock had a trading volume of 659,497 shares, compared to its average volume of 876,092. The stock has a market cap of $3.99 billion, a PE ratio of 24.45 and a beta of 2.09. Resideo Technologies, Inc. has a 1 year low of $16.16 and a 1 year high of $28.28. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. The company has a fifty day moving average price of $21.87 and a 200 day moving average price of $20.77.

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.