Resideo Technologies (NYSE:REZI) Price Target Raised to $21.00

Resideo Technologies (NYSE:REZI - Get Free Report) had its price objective lifted by investment analysts at JPMorgan Chase & Co. from $20.00 to $21.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 0.67% from the company's previous close.

Resideo Technologies Price Performance

Shares of NYSE REZI traded down $0.06 during mid-day trading on Tuesday, hitting $20.86. 588,558 shares of the stock traded hands, compared to its average volume of 976,885. The company has a market cap of $3.10 billion, a PE ratio of 33.11 and a beta of 2.23. Resideo Technologies has a twelve month low of $14.18 and a twelve month high of $28.28. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. The firm has a 50 day simple moving average of $17.99 and a two-hundred day simple moving average of $20.95.

Insider Activity

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R purchased 5,754,501 shares of the company's stock in a transaction dated Friday, May 9th. The stock was purchased at an average price of $17.38 per share, with a total value of $100,013,227.38. Following the completion of the purchase, the insider now owns 5,754,501 shares of the company's stock, valued at approximately $100,013,227.38. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.50% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of REZI. Vanguard Group Inc. increased its stake in shares of Resideo Technologies by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 16,137,439 shares of the company's stock valued at $371,968,000 after buying an additional 75,940 shares during the period. Boston Partners boosted its holdings in Resideo Technologies by 1.6% in the first quarter. Boston Partners now owns 9,954,419 shares of the company's stock valued at $175,640,000 after acquiring an additional 156,536 shares during the last quarter. Ariel Investments LLC raised its holdings in Resideo Technologies by 5.1% during the 1st quarter. Ariel Investments LLC now owns 9,664,671 shares of the company's stock worth $171,065,000 after purchasing an additional 465,571 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Resideo Technologies by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,205,405 shares of the company's stock worth $145,234,000 after purchasing an additional 223,063 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its position in shares of Resideo Technologies by 9.1% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 8,196,828 shares of the company's stock worth $145,084,000 after purchasing an additional 683,714 shares during the period. 91.71% of the stock is owned by institutional investors.

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.