Resideo Technologies Inc (REZI) Director Purchases $510,250.00 in Stock

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.



REZI has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Resideo Technologies from a “buy” rating to a “sell” rating in a research report on Wednesday. Imperial Capital initiated coverage on shares of Resideo Technologies in a research report on Tuesday. They issued an “outperform” rating and a $24.00 target price for the company. Bank of America reiterated a “buy” rating and issued a $24.00 target price (down from $28.00) on shares of Resideo Technologies in a research report on Friday, March 8th. Oppenheimer set a $30.00 target price on shares of Resideo Technologies and gave the company a “buy” rating in a research report on Thursday, March 7th. Finally, ValuEngine upgraded shares of Resideo Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $25.00.

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.

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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.

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