Resideo Technologies, Inc. (NYSE:REZI – Get Free Report) CEO Thomas Surran purchased 15,000 shares of Resideo Technologies stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average price of $20.46 per share, for a total transaction of $306,900.00. Following the transaction, the chief executive officer owned 338,573 shares in the company, valued at $6,927,203.58. This represents a 4.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Resideo Technologies Price Performance
REZI opened at $20.52 on Monday. 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’s 50 day simple moving average is $31.39 and its 200-day simple moving average is $33.91. Resideo Technologies, Inc. has a one year low of $20.10 and a one year high of $45.29. The stock has a market capitalization of $3.12 billion, a P/E ratio of 9.08 and a beta of 1.63.
Resideo Technologies (NYSE:REZI – Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.36. Resideo Technologies had a return on equity of 17.79% and a net margin of 5.37%.The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the business earned $0.66 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. Sell-side analysts anticipate that Resideo Technologies, Inc. will post 2.81 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on REZI
Hedge Funds Weigh In On Resideo Technologies
Large investors have recently made changes to their positions in the company. Larson Financial Group LLC grew its holdings in Resideo Technologies by 283.8% in the 3rd quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock valued at $25,000 after buying an additional 420 shares in the last quarter. Danske Bank A S boosted its position in shares of Resideo Technologies by 600.0% in the fourth quarter. Danske Bank A S now owns 700 shares of the company’s stock valued at $25,000 after acquiring an additional 600 shares during the period. Allworth Financial LP acquired a new position in shares of Resideo Technologies in the second quarter valued at about $28,000. McMillan Office Inc. bought a new position in Resideo Technologies during the fourth quarter worth about $33,000. Finally, Kestra Advisory Services LLC acquired a new stake in Resideo Technologies in the 4th quarter worth about $34,000. Institutional investors 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.
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