Resideo Technologies (NYSE:REZI) Reaches New 52-Week High – Time to Buy?

Resideo Technologies, Inc. (NYSE:REZI)’s stock price hit a new 52-week high during trading on Tuesday . The stock 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 shares of Resideo Technologies in a research note on Friday, August 9th. They issued an “outperform” rating and a $25.00 price objective for the company.

Resideo Technologies Stock Performance

The stock has a market capitalization of $4.07 billion, a PE ratio of 24.95 and a beta of 2.09. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82. The firm has a 50 day moving average of $21.38 and a 200-day moving average of $20.64.

Insider Transactions at Resideo Technologies

In other news, insider Robert B. Aarnes sold 98,829 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $26.16, for a total value of $2,585,366.64. Following the transaction, the insider now directly owns 458,928 shares of the company’s stock, valued at approximately $12,005,556.48. This represents a 17.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC grew its position in Resideo Technologies by 50.0% in the second quarter. GAMMA Investing LLC now owns 1,592 shares of the company’s stock worth $31,000 after acquiring an additional 531 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in 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 worth $43,000 after purchasing an additional 2,019 shares in the last quarter. Blue Trust Inc. increased its position in Resideo Technologies by 55.0% during the third quarter. Blue Trust Inc. now owns 2,515 shares of the company’s stock worth $49,000 after buying an additional 892 shares during the last quarter. Quarry LP raised its holdings in Resideo Technologies by 79.7% during the second quarter. Quarry LP now owns 2,892 shares of the company’s stock valued at $57,000 after buying an additional 1,283 shares in the last quarter. Finally, nVerses Capital LLC raised its holdings in Resideo Technologies by 1,166.7% during the second quarter. nVerses Capital LLC now owns 3,800 shares of the company’s stock valued at $74,000 after buying an additional 3,500 shares in the last quarter. Hedge funds and other institutional investors 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.