Insider Selling: Resideo Technologies, Inc. (NYSE:REZI) Insider Sells 98,829 Shares of Stock

Resideo Technologies, Inc. (NYSE:REZI) insider Robert B. Aarnes sold 98,829 shares of the company’s 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. The trade was a 17.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Resideo Technologies Stock Up 3.2 %

Resideo Technologies stock traded up $0.84 during mid-day trading on Friday, reaching $27.21. The company’s stock had a trading volume of 986,678 shares, compared to its average volume of 874,297. The business’s 50 day simple moving average is $21.21 and its 200 day simple moving average is $20.60. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82. Resideo Technologies, Inc. has a 12 month low of $16.16 and a 12 month high of $27.32. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 24.42 and a beta of 2.09.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. State Street Corp raised its stake in shares of Resideo Technologies by 2.0% during the 3rd quarter. State Street Corp now owns 8,060,486 shares of the company’s stock worth $162,338,000 after purchasing an additional 159,069 shares in the last quarter. Dimensional Fund Advisors LP raised its position in 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 in the last quarter. Boston Partners lifted its stake in Resideo Technologies by 3.0% in 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 last quarter. Pacer Advisors Inc. grew its position in shares of 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 period. Finally, Geode Capital Management LLC increased its stake in shares of Resideo Technologies by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,363,750 shares of the company’s stock worth $67,759,000 after purchasing an additional 26,000 shares during the last quarter. 91.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.