Resideo Technologies (NYSE:REZI) Reaches New 12-Month High – What’s Next?

Resideo Technologies, Inc. (NYSE:REZI)’s stock price reached 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 changing hands. The stock had previously closed at $25.36.

Wall Street Analysts Forecast Growth

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

Resideo Technologies Trading Up 0.7 %

The firm’s fifty day simple moving average is $20.29 and its 200 day simple moving average is $20.35. The stock has a market capitalization of $3.75 billion, a P/E ratio of 22.86 and a beta of 2.09. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in REZI. GAMMA Investing LLC lifted its stake in Resideo Technologies by 50.0% during the second quarter. GAMMA Investing LLC now owns 1,592 shares of the company’s stock worth $31,000 after purchasing an additional 531 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Resideo Technologies by 1,740.5% during the 3rd quarter. International Assets Investment Management LLC now owns 2,135 shares of the company’s stock worth $43,000 after buying an additional 2,019 shares during the last quarter. Blue Trust Inc. boosted its stake in Resideo Technologies by 55.0% in the third quarter. Blue Trust Inc. now owns 2,515 shares of the company’s stock valued at $49,000 after buying an additional 892 shares in the last quarter. Quarry LP grew its position in Resideo Technologies by 79.7% in the second quarter. Quarry LP now owns 2,892 shares of the company’s stock valued at $57,000 after acquiring an additional 1,283 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new position in Resideo Technologies during the first quarter worth about $70,000. 91.71% of the stock is owned by institutional investors.

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.