Resideo Technologies, Inc. (NYSE:REZI – Get Free Report) major shareholder Channel Holdings Ii L.P. Cd&R purchased 12,327 shares of the business’s stock in a transaction on Monday, August 25th. The stock was acquired at an average price of $33.95 per share, for a total transaction of $418,501.65. Following the completion of the purchase, the insider owned 12,862,161 shares of the company’s stock, valued at $436,670,365.95. This represents a 0.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Channel Holdings Ii L.P. Cd&R also recently made the following trade(s):
- On Friday, August 22nd, Channel Holdings Ii L.P. Cd&R purchased 34,626 shares of Resideo Technologies stock. The stock was acquired at an average price of $33.41 per share, for a total transaction of $1,156,854.66.
- On Thursday, August 21st, Channel Holdings Ii L.P. Cd&R purchased 250,000 shares of Resideo Technologies stock. The stock was acquired at an average price of $32.16 per share, for a total transaction of $8,040,000.00.
- On Wednesday, August 20th, Channel Holdings Ii L.P. Cd&R purchased 297,000 shares of Resideo Technologies stock. The stock was acquired at an average price of $31.94 per share, for a total transaction of $9,486,180.00.
- On Tuesday, August 19th, Channel Holdings Ii L.P. Cd&R purchased 135,641 shares of Resideo Technologies stock. The stock was acquired at an average price of $32.41 per share, for a total transaction of $4,396,124.81.
- On Thursday, August 14th, Channel Holdings Ii L.P. Cd&R purchased 203,161 shares of Resideo Technologies stock. The stock was acquired at an average price of $31.89 per share, for a total transaction of $6,478,804.29.
- On Monday, August 18th, Channel Holdings Ii L.P. Cd&R purchased 111,000 shares of Resideo Technologies stock. The stock was acquired at an average price of $31.66 per share, for a total transaction of $3,514,260.00.
- On Friday, August 15th, Channel Holdings Ii L.P. Cd&R purchased 339,863 shares of Resideo Technologies stock. The stock was acquired at an average price of $31.42 per share, for a total transaction of $10,678,495.46.
- On Tuesday, August 12th, Channel Holdings Ii L.P. Cd&R purchased 339,728 shares of Resideo Technologies stock. The stock was acquired at an average price of $30.75 per share, for a total transaction of $10,446,636.00.
- On Monday, August 11th, Channel Holdings Ii L.P. Cd&R purchased 457,508 shares of Resideo Technologies stock. The stock was acquired at an average price of $27.34 per share, for a total transaction of $12,508,268.72.
- On Friday, August 8th, Channel Holdings Ii L.P. Cd&R bought 448,887 shares of Resideo Technologies stock. The shares were purchased at an average price of $27.30 per share, for a total transaction of $12,254,615.10.
Resideo Technologies Stock Up 0.3%
REZI opened at $34.68 on Thursday. The business’s 50-day simple moving average is $26.31 and its 200-day simple moving average is $21.37. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.63 and a current ratio of 1.00. Resideo Technologies, Inc. has a one year low of $14.18 and a one year high of $34.84. The stock has a market capitalization of $5.16 billion, a P/E ratio of -6.35 and a beta of 2.16.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on REZI. JPMorgan Chase & Co. lifted their target price on Resideo Technologies from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 3rd. Oppenheimer upgraded Resideo Technologies from a “market perform” rating to an “outperform” rating in a research report on Wednesday, July 30th. Finally, Morgan Stanley upgraded Resideo Technologies from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $24.00 to $35.00 in a research report on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Resideo Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.
View Our Latest Stock Report on Resideo Technologies
Institutional Investors Weigh In On Resideo Technologies
A number of institutional investors have recently added to or reduced their stakes in the business. Boston Partners boosted its holdings in Resideo Technologies by 1.6% in the 1st quarter. Boston Partners now owns 9,954,419 shares of the company’s stock valued at $175,640,000 after purchasing an additional 156,536 shares in the last quarter. Ariel Investments LLC boosted its stake in shares of 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 acquiring an additional 465,571 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Resideo Technologies by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,205,405 shares of the company’s stock worth $145,234,000 after acquiring an additional 223,063 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Resideo Technologies by 9.1% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 8,196,828 shares of the company’s stock worth $145,084,000 after acquiring an additional 683,714 shares in the last quarter. Finally, Clayton Dubilier & Rice LLC purchased a new stake in shares of Resideo Technologies during the 2nd quarter worth approximately $127,290,000. Hedge funds and other 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.
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