Resideo Technologies, Inc. (NYSE:REZI) Director Nina Richardson Sells 2,790 Shares

Resideo Technologies, Inc. (NYSE:REZI - Get Free Report) Director Nina Richardson sold 2,790 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $23.68, for a total transaction of $66,067.20. Following the completion of the transaction, the director directly owned 64,008 shares of the company's stock, valued at $1,515,709.44. This represents a 4.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Resideo Technologies Stock Up 2.5%

Shares of REZI traded up $0.60 during midday trading on Thursday, reaching $24.49. The stock had a trading volume of 247,732 shares, compared to its average volume of 1,016,321. Resideo Technologies, Inc. has a 1-year low of $14.18 and a 1-year high of $28.28. The company's fifty day simple moving average is $21.07 and its two-hundred day simple moving average is $20.18. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 76.53 and a beta of 2.15. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.94 and a quick ratio of 1.16.

Institutional Investors Weigh In On Resideo Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Resideo Technologies in the 2nd quarter valued at $256,000. Harbor Capital Advisors Inc. raised its holdings in shares of Resideo Technologies by 8.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 35,480 shares of the company's stock valued at $783,000 after purchasing an additional 2,647 shares in the last quarter. Strs Ohio acquired a new stake in shares of Resideo Technologies in the 1st quarter valued at $770,000. Intech Investment Management LLC raised its holdings in shares of Resideo Technologies by 26.3% in the 1st quarter. Intech Investment Management LLC now owns 156,847 shares of the company's stock valued at $2,776,000 after purchasing an additional 32,672 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Resideo Technologies by 37.1% in the 1st quarter. Jane Street Group LLC now owns 169,033 shares of the company's stock valued at $2,992,000 after purchasing an additional 45,779 shares in the last quarter. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised their price target on shares of Resideo Technologies from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Tuesday, June 3rd.

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.