Resideo Technologies (NYSE:REZI) Given New $21.00 Price Target at JPMorgan Chase & Co.

Resideo Technologies (NYSE:REZI) had its price objective boosted by JPMorgan Chase & Co. from $20.00 to $21.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Resideo Technologies Trading Up 1.7%

REZI opened at $20.94 on Tuesday. The business has a 50 day simple moving average of $17.99 and a two-hundred day simple moving average of $20.95. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 33.23 and a beta of 2.23. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. Resideo Technologies has a one year low of $14.18 and a one year high of $28.28.

Insider Buying and Selling at Resideo Technologies

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R purchased 5,754,501 shares of the stock in a transaction on Friday, May 9th. The stock was acquired at an average price of $17.38 per share, with a total value of $100,013,227.38. Following the transaction, the insider now directly owns 5,754,501 shares of the company’s stock, valued at approximately $100,013,227.38. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio bought a new position in shares of Resideo Technologies in the 1st quarter worth approximately $770,000. Intech Investment Management LLC raised its position 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 worth $2,776,000 after acquiring an additional 32,672 shares in the last quarter. Jane Street Group LLC raised its position 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 worth $2,992,000 after acquiring an additional 45,779 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Resideo Technologies by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 439,149 shares of the company’s stock worth $7,773,000 after acquiring an additional 26,254 shares in the last quarter. Finally, Petrus Trust Company LTA bought a new position in shares of Resideo Technologies in the 1st quarter worth approximately $240,000. Institutional investors own 91.71% of the company’s stock.

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.