Resideo Technologies (NYSE:REZI) Hits New 1-Year High - Still a Buy?

Resideo Technologies, Inc. (NYSE:REZI - Get Free Report) reached 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. The stock had previously closed at $27.21.

Analyst Upgrades and Downgrades

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

Resideo Technologies Trading Down 1.3 %

The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69. The business's 50-day simple moving average is $21.55 and its two-hundred day simple moving average is $20.68. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 24.68 and a beta of 2.09.

Insider Activity at Resideo Technologies

In other news, insider Robert B. Aarnes sold 98,829 shares of the firm'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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is currently owned by company insiders.

Institutional Trading of Resideo Technologies

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased 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 acquiring an additional 531 shares during the period. International Assets Investment Management LLC increased its holdings in Resideo Technologies by 1,740.5% during the 3rd quarter. International Assets Investment Management LLC now owns 2,135 shares of the company's stock valued at $43,000 after acquiring an additional 2,019 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Resideo Technologies by 55.0% during the third quarter. Blue Trust Inc. now owns 2,515 shares of the company's stock valued at $49,000 after acquiring an additional 892 shares during the last quarter. Quarry LP grew its holdings in shares of Resideo Technologies by 79.7% during the second quarter. Quarry LP now owns 2,892 shares of the company's stock worth $57,000 after buying an additional 1,283 shares in the last quarter. Finally, nVerses Capital LLC boosted its stake in Resideo Technologies by 1,166.7% in the 2nd quarter. nVerses Capital LLC now owns 3,800 shares of the company's stock worth $74,000 after buying an additional 3,500 shares during the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

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.