Resideo Technologies (NYSE:REZI) Hits New 52-Week High – Here’s What Happened

Resideo Technologies, Inc. (NYSE:REZI)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $28.28 and last traded at $27.69, with a volume of 1566324 shares trading hands. The stock had previously closed at $27.21.

Wall Street Analyst Weigh In

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

Resideo Technologies Stock Down 0.7 %

The firm has a market cap of $3.99 billion, a PE ratio of 24.45 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. The business has a fifty day moving average price of $21.71 and a two-hundred day moving average price of $20.72.

Insider Transactions at Resideo Technologies

In related 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 sale, the insider now directly owns 458,928 shares in the company, valued at approximately $12,005,556.48. This trade represents a 17.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Quadrature Capital Ltd grew its position in Resideo Technologies by 14.5% in the first quarter. Quadrature Capital Ltd now owns 16,566 shares of the company’s stock worth $371,000 after acquiring an additional 2,092 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Resideo Technologies by 6.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 93,882 shares of the company’s stock worth $2,106,000 after acquiring an additional 5,299 shares during the last quarter. Tidal Investments LLC lifted its position in Resideo Technologies by 27.1% during the 1st quarter. Tidal Investments LLC now owns 23,024 shares of the company’s stock worth $516,000 after acquiring an additional 4,913 shares during the last quarter. Boston Partners boosted its holdings 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 during the period. Finally, GAMMA Investing LLC grew its position in shares of Resideo Technologies by 50.0% in 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. 91.71% of the stock is owned by institutional investors and hedge funds.

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.