Resideo Technologies (NYSE:REZI) Director Sells $82,749.63 in Stock

Resideo Technologies, Inc. (NYSE:REZI) Director Nina Richardson sold 2,789 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $29.67, for a total transaction of $82,749.63. Following the sale, the director owned 57,886 shares of the company’s stock, valued at $1,717,477.62. This trade represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Resideo Technologies Stock Performance

Shares of NYSE REZI opened at $37.67 on Monday. The firm has a 50 day moving average of $35.58 and a 200 day moving average of $36.46. The company has a current ratio of 1.91, a quick ratio of 1.14 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $5.70 billion, a price-to-earnings ratio of -9.35 and a beta of 1.70. Resideo Technologies, Inc. has a 12-month low of $14.82 and a 12-month high of $45.29.

Hedge Funds Weigh In On Resideo Technologies

Several hedge funds have recently modified their holdings of REZI. Royal Bank of Canada lifted its holdings in shares of Resideo Technologies by 50.0% in the first quarter. Royal Bank of Canada now owns 49,395 shares of the company’s stock worth $873,000 after buying an additional 16,467 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Resideo Technologies by 58.9% in the first quarter. AQR Capital Management LLC now owns 122,734 shares of the company’s stock worth $2,172,000 after buying an additional 45,517 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Resideo Technologies by 7.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 126,161 shares of the company’s stock worth $2,233,000 after buying an additional 9,106 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Resideo Technologies by 1,123.6% in the first quarter. Millennium Management LLC now owns 263,821 shares of the company’s stock worth $4,670,000 after buying an additional 242,260 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Resideo Technologies by 6.4% in the first 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 buying an additional 26,254 shares in the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Wall Street Analyst Weigh In

REZI has been the subject of several recent research reports. Oppenheimer restated an “outperform” rating on shares of Resideo Technologies in a research report on Friday, March 13th. Morgan Stanley lifted their price target on shares of Resideo Technologies from $42.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $39.67.

Resideo Technologies Company Profile

Resideo Technologies, Inc, headquartered in Austin, Texas, is a global provider of home comfort, security and energy management solutions. Formed as an independent company in 2018 following its spin-off from Honeywell, Resideo leverages decades of engineering experience to deliver connected products and services to residential and light commercial customers.

The company’s core offerings include smart thermostats, security systems, video doorbells, water leak and freeze detection devices, and indoor air quality monitors.