Resideo Technologies, Inc. (NYSE:REZI) CEO Sells $1,486,275.00 in Stock

Resideo Technologies, Inc. (NYSE:REZI) CEO Jay L. Geldmacher sold 47,500 shares of Resideo Technologies stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $31.29, for a total value of $1,486,275.00. Following the transaction, the chief executive officer directly owned 519,689 shares of the company’s stock, valued at $16,261,068.81. This trade represents a 8.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Resideo Technologies Trading Down 1.6%

Shares of REZI stock opened at $31.39 on Friday. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of -5.75 and a beta of 2.16. The company has a current ratio of 1.00, a quick ratio of 0.63 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average price of $24.36 and a 200 day moving average price of $20.75. Resideo Technologies, Inc. has a twelve month low of $14.18 and a twelve month high of $33.03.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.12. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.83 billion. Resideo Technologies had a negative net margin of 10.52% and a positive return on equity of 12.55%. The company’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 earnings per share. Research analysts forecast that Resideo Technologies, Inc. will post 2.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

REZI has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on shares of Resideo Technologies from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, June 3rd. Oppenheimer upgraded shares of Resideo Technologies from a “market perform” rating to an “outperform” rating in a research report on Wednesday, July 30th. Finally, Morgan Stanley upgraded Resideo Technologies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $24.00 to $35.00 in a research report on Tuesday, August 12th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. increased its stake in Resideo Technologies by 2.6% in the first quarter. Principal Financial Group Inc. now owns 794,943 shares of the company’s stock valued at $14,070,000 after purchasing an additional 20,301 shares during the last quarter. GAMMA Investing LLC boosted its stake in Resideo Technologies by 1,296.4% in the 1st quarter. GAMMA Investing LLC now owns 54,711 shares of the company’s stock worth $968,000 after buying an additional 50,793 shares during the last quarter. Natixis Advisors LLC grew its holdings in Resideo Technologies by 2.6% in the 1st quarter. Natixis Advisors LLC now owns 227,759 shares of the company’s stock valued at $4,031,000 after buying an additional 5,674 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of Resideo Technologies by 1,261.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 7,160 shares of the company’s stock valued at $127,000 after acquiring an additional 6,634 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in shares of Resideo Technologies by 705.9% during the 4th quarter. Sterling Capital Management LLC now owns 4,755 shares of the company’s stock worth $110,000 after acquiring an additional 4,165 shares during the period. 91.71% of the stock is currently owned by institutional investors and hedge funds.

About Resideo Technologies

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.