Resideo Technologies Inc (NYSE:REZI) Director Roger Fradin acquired 25,000 shares of Resideo Technologies stock in a transaction on Tuesday, March 12th. The shares were bought at an average price of $20.41 per share, with a total value of $510,250.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of REZI traded down $0.80 during mid-day trading on Thursday, reaching $19.70. The stock had a trading volume of 1,747,666 shares, compared to its average volume of 1,372,803. The company has a current ratio of 1.21, a quick ratio of 0.79 and a debt-to-equity ratio of 0.77. Resideo Technologies Inc has a 52-week low of $17.60 and a 52-week high of $28.67. The firm has a market capitalization of $2.50 billion and a P/E ratio of 7.98.
Resideo Technologies (NYSE:REZI) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.23). The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.25 billion. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts predict that Resideo Technologies Inc will post 2.18 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Pflug Koory LLC purchased a new position in Resideo Technologies during the fourth quarter worth about $26,000. Manning & Napier Group LLC purchased a new position in Resideo Technologies during the fourth quarter worth about $303,000. State Treasurer State of Michigan purchased a new position in Resideo Technologies during the fourth quarter worth about $900,000. Patten Group Inc. purchased a new position in Resideo Technologies during the fourth quarter worth about $116,000. Finally, Royal London Asset Management Ltd. purchased a new position in Resideo Technologies during the fourth quarter worth about $1,049,000. 71.74% of the stock is owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: “Resideo Technologies Inc (REZI) Director Purchases $510,250.00 in Stock” was published by Dakota Financial News and is the sole property of of Dakota Financial News. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://dakotafinancialnews.com/2019/03/14/resideo-technologies-inc-rezi-director-purchases-510250-00-in-stock.html.
Resideo Technologies Company Profile
Resideo Technologies, Inc provides critical residential comfort and security solutions in the United States, Europe, and internationally. It operates through two segments, Production and Distribution. The company offers comfort and care products, including temperature and humidity control, thermal, water, air, remote patient monitoring software, and software solutions; and security and safety products, such as security panels, sensors, peripherals, wires and cables, communication devices, video cameras, awareness solutions, cloud infrastructure, and installation and maintenance tools and software products.
Recommended Story: What is Put Option Volume?
Receive News & Ratings for Resideo Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resideo Technologies and related companies with MarketBeat.com's FREE daily email newsletter.