Resideo Technologies (NYSE:REZI - Get Free Report) had its price objective raised by equities researchers at JPMorgan Chase & Co. from $20.00 to $21.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective would suggest a potential downside of 0.71% from the company's previous close.
Resideo Technologies Stock Up 1.1%
NYSE:REZI traded up $0.24 during mid-day trading on Tuesday, hitting $21.15. The stock had a trading volume of 576,993 shares, compared to its average volume of 978,485. The stock has a 50-day simple moving average of $18.18 and a two-hundred day simple moving average of $20.88. The company has a market capitalization of $3.14 billion, a PE ratio of 33.57 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 current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69.
Insiders Place Their Bets
In related news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 5,754,501 shares of the business's stock in a transaction on Friday, May 9th. The shares were bought at an average price of $17.38 per share, with a total value of $100,013,227.38. Following the completion of the acquisition, the insider now owns 5,754,501 shares in the company, valued at $100,013,227.38. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by corporate insiders.
Institutional Trading of Resideo Technologies
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in shares of Resideo Technologies in the 4th quarter valued at $28,000. R Squared Ltd purchased a new stake in shares of Resideo Technologies during the 4th quarter worth $30,000. IFP Advisors Inc boosted its position in shares of Resideo Technologies by 20,133.3% during the 1st quarter. IFP Advisors Inc now owns 2,428 shares of the company's stock worth $43,000 after purchasing an additional 2,416 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Resideo Technologies by 52.1% during the 1st quarter. Versant Capital Management Inc now owns 3,174 shares of the company's stock worth $56,000 after purchasing an additional 1,087 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Resideo Technologies by 293.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company's stock worth $60,000 after purchasing an additional 1,939 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company's stock.
Resideo Technologies Company Profile
(
Get Free Report)
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.
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