Resideo Technologies, Inc. (NYSE:REZI) Insider Robert B. Aarnes 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 shares were sold at an average price of $26.16, for a total value of $2,585,366.64. Following the completion of the transaction, the insider now directly owns 458,928 shares in the company, valued at approximately $12,005,556.48. This represents a 17.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Resideo Technologies Stock Performance

NYSE REZI opened at $27.21 on Friday. 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 $27.33. The firm’s fifty day moving average price is $21.21 and its two-hundred day moving average price is $20.60. The stock has a market cap of $4.00 billion, a PE ratio of 24.51 and a beta of 2.09.

Institutional Investors Weigh In On Resideo Technologies

Hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its holdings in shares of Resideo Technologies by 14.8% in the second quarter. Pacer Advisors Inc. now owns 6,104,301 shares of the company’s stock valued at $119,400,000 after purchasing an additional 787,934 shares in the last quarter. Weiss Asset Management LP purchased a new stake in shares of Resideo Technologies in the third quarter valued at about $9,217,000. Beaconlight Capital LLC lifted its position in shares of Resideo Technologies by 64.9% during the third quarter. Beaconlight Capital LLC now owns 1,088,926 shares of the company’s stock valued at $21,931,000 after purchasing an additional 428,669 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in Resideo Technologies by 53.4% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,214,375 shares of the company’s stock worth $23,753,000 after purchasing an additional 422,730 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Resideo Technologies by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,822,902 shares of the company’s stock valued at $153,015,000 after buying an additional 397,864 shares during the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI started 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.

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.