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 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 completion of the sale, the insider now owns 458,928 shares in the company, valued at approximately $12,005,556.48. This trade represents a 17.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Resideo Technologies Price Performance

Shares of NYSE REZI traded up $0.84 during midday 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 moving average price is $21.21 and its two-hundred day moving average price is $20.60. The company has a market cap of $4.00 billion, a P/E ratio of 24.42 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. Resideo Technologies, Inc. has a fifty-two week low of $16.16 and a fifty-two week high of $27.32.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of REZI. State Board of Administration of Florida Retirement System increased its holdings in Resideo Technologies by 29.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 54,194 shares of the company’s stock valued at $1,215,000 after buying an additional 12,370 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in Resideo Technologies by 17.4% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 22,490 shares of the company’s stock valued at $496,000 after acquiring an additional 3,336 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in Resideo Technologies during the first quarter valued at approximately $694,000. CANADA LIFE ASSURANCE Co lifted its stake in Resideo Technologies by 5.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 205,720 shares of the company’s stock worth $4,609,000 after purchasing an additional 10,070 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Resideo Technologies in the 1st quarter valued at $1,682,000. Institutional investors and hedge funds own 91.71% of the company’s stock.

Analyst Ratings Changes

Separately, Evercore ISI began coverage on shares of 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 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.