Resideo Technologies, Inc. (NYSE:REZI – Get Free Report) SVP Joshua Peter Foster acquired 15,317 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were bought at an average cost of $20.58 per share, with a total value of $315,223.86. Following the completion of the acquisition, the senior vice president directly owned 183,509 shares in the company, valued at $3,776,615.22. The trade was a 9.11% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Resideo Technologies Trading Up 4.7%
Resideo Technologies stock traded up $0.96 during trading hours on Monday, reaching $21.46. The company had a trading volume of 1,257,688 shares, compared to its average volume of 1,500,948. Resideo Technologies, Inc. has a 12-month low of $20.10 and a 12-month high of $45.29. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 9.51 and a beta of 1.63. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.22 and a quick ratio of 1.41. The company has a 50-day moving average price of $31.39 and a 200 day moving average price of $33.91.
Resideo Technologies (NYSE:REZI – Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.36. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.94 billion. Resideo Technologies had a return on equity of 17.79% and a net margin of 5.37%.The firm’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 earnings per share. Equities analysts forecast that Resideo Technologies, Inc. will post 2.81 earnings per share for the current year.
Hedge Funds Weigh In On Resideo Technologies
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the stock. Morgan Stanley reduced their price target on shares of Resideo Technologies from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Seaport Research Partners initiated coverage on shares of Resideo Technologies in a research report on Wednesday, July 1st. They issued a “buy” rating and a $55.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a research report on Friday, July 17th. Oppenheimer reiterated an “outperform” rating on shares of Resideo Technologies in a report on Thursday. Finally, Zacks Research lowered shares of Resideo Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $41.00.
Get Our Latest Report on Resideo Technologies
About Resideo Technologies
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.
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