Resideo Technologies (NYSE:REZI) SVP Joshua Peter Foster Acquires 15,317 Shares of Stock

Resideo Technologies, Inc. (NYSE:REZI) SVP Joshua Peter Foster acquired 15,317 shares of Resideo Technologies stock in a transaction that occurred on Friday, August 14th. The shares were purchased at an average price of $20.58 per share, for a total transaction of $315,223.86. Following the completion of the purchase, the senior vice president directly owned 183,509 shares of the company’s stock, valued at $3,776,615.22. The trade was a 9.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Resideo Technologies Stock Up 1.2%

REZI stock opened at $20.75 on Tuesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.22 and a quick ratio of 1.41. Resideo Technologies, Inc. has a 1-year low of $20.10 and a 1-year high of $45.29. The firm has a fifty day moving average price of $31.21 and a two-hundred day moving average price of $33.82. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 9.18 and a beta of 1.63.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.36. Resideo Technologies had a net margin of 5.37% and a return on equity of 17.79%. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the firm posted $0.66 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Research analysts predict that Resideo Technologies, Inc. will post 2.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on REZI. JPMorgan Chase & Co. began coverage on Resideo Technologies in a report on Friday, August 7th. They set a “neutral” rating and a $30.00 target price for the company. Morgan Stanley cut their price target on Resideo Technologies from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Seaport Research Partners initiated coverage on Resideo Technologies in a research report on Wednesday, July 1st. They set a “buy” rating and a $55.00 price objective for the company. Oppenheimer restated an “outperform” rating on shares of Resideo Technologies in a research note on Thursday. Finally, Zacks Research lowered Resideo Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $41.00.

Institutional Investors Weigh In On Resideo Technologies

Several large investors have recently made changes to their positions in the company. Swedbank AB increased its position in Resideo Technologies by 121.5% in the 4th quarter. Swedbank AB now owns 2,346,919 shares of the company’s stock valued at $82,424,000 after acquiring an additional 1,287,162 shares during the period. Hsbc Holdings PLC grew its stake in shares of Resideo Technologies by 659.0% in the first quarter. Hsbc Holdings PLC now owns 50,832 shares of the company’s stock worth $1,706,000 after purchasing an additional 44,135 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in Resideo Technologies by 122.1% in the first quarter. Quantinno Capital Management LP now owns 98,948 shares of the company’s stock worth $3,336,000 after purchasing an additional 54,390 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Resideo Technologies in the 1st quarter valued at about $1,497,000. Finally, Bank of America Corp DE grew its position in Resideo Technologies by 8.4% in the 1st quarter. Bank of America Corp DE now owns 935,107 shares of the company’s stock valued at $31,522,000 after buying an additional 72,677 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

Resideo Technologies Company Profile

Resideo Technologies, Inc, headquartered in Austin, Texas, is a global provider of home comfort, security and energy management solutions. Formed as an independent company in 2018 following its spin-off from Honeywell, Resideo leverages decades of engineering experience to deliver connected products and services to residential and light commercial customers.

The company’s core offerings include smart thermostats, security systems, video doorbells, water leak and freeze detection devices, and indoor air quality monitors.