Andrew Teich Purchases 8,149 Shares of Resideo Technologies (NYSE:REZI) Stock

Resideo Technologies, Inc. (NYSE:REZI) Director Andrew Teich purchased 8,149 shares of Resideo Technologies stock in a transaction on Monday, November 10th. The stock was bought at an average cost of $30.68 per share, for a total transaction of $250,011.32. Following the transaction, the director directly owned 340,621 shares in the company, valued at $10,450,252.28. This represents a 2.45% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Resideo Technologies Stock Down 1.1%

REZI stock opened at $30.28 on Wednesday. The company’s 50 day moving average price is $40.10 and its 200 day moving average price is $29.71. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of -6.47 and a beta of 2.22. Resideo Technologies, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $45.29. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.07 and a current ratio of 1.88.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.18. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.88 billion. Resideo Technologies had a negative net margin of 8.85% and a positive return on equity of 14.96%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 EPS. Resideo Technologies has set its FY 2025 guidance at 2.570-2.670 EPS. Q4 2025 guidance at 0.420-0.520 EPS. On average, equities research analysts anticipate that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Resideo Technologies

Hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Resideo Technologies by 2.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,912 shares of the company’s stock worth $455,000 after buying an additional 262 shares during the last quarter. CWM LLC lifted its position in Resideo Technologies by 4.3% during the 3rd quarter. CWM LLC now owns 7,263 shares of the company’s stock worth $314,000 after acquiring an additional 300 shares during the period. Amalgamated Bank grew its stake in shares of Resideo Technologies by 1.0% in the 2nd quarter. Amalgamated Bank now owns 42,164 shares of the company’s stock valued at $930,000 after purchasing an additional 415 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of Resideo Technologies by 4.3% in the second quarter. QRG Capital Management Inc. now owns 10,565 shares of the company’s stock valued at $233,000 after purchasing an additional 437 shares during the period. Finally, ORG Partners LLC increased its holdings in shares of Resideo Technologies by 588.2% in the third quarter. ORG Partners LLC now owns 585 shares of the company’s stock valued at $25,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 91.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on REZI. Oppenheimer upped their price objective on Resideo Technologies from $35.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, September 19th. Morgan Stanley upgraded shares of Resideo Technologies from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $24.00 to $35.00 in a research report on Tuesday, August 12th. Zacks Research raised shares of Resideo Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. Wall Street Zen cut shares of Resideo Technologies from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Resideo Technologies has a consensus rating of “Moderate Buy” and an average price target of $34.67.

Resideo Technologies Company Profile

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.