Insider Selling: Resideo Technologies, Inc. (NYSE:REZI) Insider Sells $2,585,366.64 in Stock

Resideo Technologies, Inc. (NYSE:REZI) insider Robert B. Aarnes sold 98,829 shares of Resideo Technologies stock in a transaction that occurred on 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 transaction, the insider now directly owns 458,928 shares in the company, valued at $12,005,556.48. This represents a 17.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Resideo Technologies Price Performance

Shares of Resideo Technologies stock opened at $27.21 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69. Resideo Technologies, Inc. has a 52 week low of $16.16 and a 52 week high of $27.33. The stock’s 50-day simple moving average is $21.38 and its 200-day simple moving average is $20.64. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 24.51 and a beta of 2.09.

Analyst Upgrades and Downgrades

Separately, Evercore ISI initiated 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.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. State Street Corp grew its holdings in Resideo Technologies by 2.0% during the 3rd quarter. State Street Corp now owns 8,060,486 shares of the company’s stock valued at $162,338,000 after buying an additional 159,069 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Resideo Technologies by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 7,822,902 shares of the company’s stock worth $153,015,000 after acquiring an additional 397,864 shares during the last quarter. Boston Partners grew its stake in Resideo Technologies by 3.0% during the first quarter. Boston Partners now owns 6,700,564 shares of the company’s stock valued at $150,177,000 after acquiring an additional 193,351 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Resideo Technologies by 14.8% in the 2nd quarter. Pacer Advisors Inc. now owns 6,104,301 shares of the company’s stock valued at $119,400,000 after acquiring an additional 787,934 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Resideo Technologies by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,363,750 shares of the company’s stock valued at $67,759,000 after acquiring an additional 26,000 shares during the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

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.