Resideo Technologies (NYSE:REZI) Hits New 52-Week High – Here’s What Happened

Resideo Technologies, Inc. (NYSE:REZI) hit a new 52-week high on Thursday . The company traded as high as $25.56 and last traded at $25.30, with a volume of 27888 shares traded. The stock had previously closed at $25.36.

Analyst Upgrades and Downgrades

Separately, Evercore ISI initiated coverage on Resideo Technologies in a research report on Friday, August 9th. They issued an “outperform” rating and a $25.00 price objective on the stock.

Resideo Technologies Price Performance

The firm has a fifty day moving average of $20.57 and a 200 day moving average of $20.42. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $3.79 billion, a P/E ratio of 23.23 and a beta of 2.09.

Institutional Investors Weigh In On Resideo Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp increased its position in shares of Resideo Technologies by 2.0% during the 3rd quarter. State Street Corp now owns 8,060,486 shares of the company’s stock valued at $162,338,000 after purchasing an additional 159,069 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Resideo Technologies by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 7,822,902 shares of the company’s stock valued at $153,015,000 after buying an additional 397,864 shares during the last quarter. Boston Partners increased its holdings in Resideo Technologies by 3.0% during the first quarter. Boston Partners now owns 6,700,564 shares of the company’s stock valued at $150,177,000 after buying an additional 193,351 shares during the last quarter. Pacer Advisors Inc. raised its position in Resideo Technologies by 14.8% in the second quarter. Pacer Advisors Inc. now owns 6,104,301 shares of the company’s stock worth $119,400,000 after acquiring an additional 787,934 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Resideo Technologies by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,545,865 shares of the company’s stock worth $31,134,000 after acquiring an additional 54,508 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

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.