Robert B. Aarnes Sells 98,829 Shares of Resideo Technologies, Inc. (NYSE:REZI) Stock

Resideo Technologies, Inc. (NYSE:REZI) insider Robert B. Aarnes sold 98,829 shares of the company’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 transaction, the insider now owns 458,928 shares in the company, valued at $12,005,556.48. The trade was a 17.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Resideo Technologies Stock Performance

REZI stock opened at $27.21 on Monday. Resideo Technologies, Inc. has a twelve month low of $16.16 and a twelve month high of $27.33. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 24.51 and a beta of 2.09. The business’s fifty day simple moving average is $21.38 and its two-hundred day simple moving average is $20.64. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in Resideo Technologies by 50.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,592 shares of the company’s stock valued at $31,000 after buying an additional 531 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Resideo Technologies by 1,740.5% in the third quarter. International Assets Investment Management LLC now owns 2,135 shares of the company’s stock valued at $43,000 after purchasing an additional 2,019 shares during the period. Blue Trust Inc. grew its stake in Resideo Technologies by 55.0% in the third quarter. Blue Trust Inc. now owns 2,515 shares of the company’s stock worth $49,000 after purchasing an additional 892 shares in the last quarter. Quarry LP increased its holdings in Resideo Technologies by 79.7% during the 2nd quarter. Quarry LP now owns 2,892 shares of the company’s stock worth $57,000 after purchasing an additional 1,283 shares during the period. Finally, EntryPoint Capital LLC bought a new stake in Resideo Technologies during the 1st quarter valued at $70,000. 91.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.