Estabrook Capital Management purchased a new position in Resideo Technologies Inc (NYSE:REZI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,215 shares of the company’s stock, valued at approximately $87,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blume Capital Management Inc. purchased a new position in shares of Resideo Technologies in the fourth quarter worth $25,000. Pflug Koory LLC purchased a new position in shares of Resideo Technologies during the fourth quarter worth $26,000. Fort L.P. purchased a new position in shares of Resideo Technologies during the fourth quarter worth $27,000. Bedel Financial Consulting Inc. purchased a new position in shares of Resideo Technologies during the fourth quarter worth $27,000. Finally, Private Capital Group LLC purchased a new position in shares of Resideo Technologies during the fourth quarter worth $27,000. 71.74% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently issued reports on REZI. Zacks Investment Research raised shares of Resideo Technologies from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Tuesday. ValuEngine raised shares of Resideo Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Bank of America began coverage on shares of Resideo Technologies in a report on Thursday, December 6th. They set a “buy” rating and a $28.00 target price for the company. Oppenheimer set a $30.00 target price on shares of Resideo Technologies and gave the stock a “buy” rating in a report on Thursday, March 7th. Finally, Imperial Capital began coverage on shares of Resideo Technologies in a report on Tuesday. They set an “outperform” rating and a $24.00 target price for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $25.00.
Resideo Technologies (NYSE:REZI) last issued its earnings results on Thursday, March 7th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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. Resideo Technologies’s revenue was up 4.7% on a year-over-year basis. As a group, equities analysts anticipate that Resideo Technologies Inc will post 2.18 earnings per share for the current fiscal year.
In other news, Director Roger Fradin purchased 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were bought at an average price of $20.41 per share, for a total transaction of $510,250.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have purchased 25,438 shares of company stock valued at $521,149.
Resideo Technologies 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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