Resideo Technologies (NYSE:REZI) Hits New 12-Month High – What’s Next?

Resideo Technologies, Inc. (NYSE:REZI) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $28.28 and last traded at $27.69, with a volume of 1566324 shares. The stock had previously closed at $27.21.

Analyst Ratings Changes

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

Resideo Technologies Stock Up 1.8 %

The firm’s fifty day moving average is $21.38 and its two-hundred day moving average is $20.64. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 24.95 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.

Insiders Place Their Bets

In other Resideo Technologies news, insider Robert B. Aarnes sold 98,829 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 458,928 shares of the company’s stock, valued at approximately $12,005,556.48. This trade represents a 17.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.

Institutional Trading of Resideo Technologies

Institutional investors have recently modified their holdings of the company. Nilsine Partners LLC raised its position in Resideo Technologies by 3.3% in the second quarter. Nilsine Partners LLC now owns 14,256 shares of the company’s stock worth $279,000 after acquiring an additional 452 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Resideo Technologies by 3.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 13,702 shares of the company’s stock worth $268,000 after purchasing an additional 454 shares during the last quarter. Quest Partners LLC raised its holdings in shares of Resideo Technologies by 2.3% in the 3rd quarter. Quest Partners LLC now owns 22,045 shares of the company’s stock worth $444,000 after purchasing an additional 505 shares in the last quarter. GAMMA Investing LLC lifted its stake in Resideo Technologies by 50.0% during the second quarter. GAMMA Investing LLC now owns 1,592 shares of the company’s stock valued at $31,000 after purchasing an additional 531 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in Resideo Technologies by 1.3% during the second quarter. Arizona State Retirement System now owns 40,683 shares of the company’s stock worth $796,000 after buying an additional 535 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

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.