Thomas Surran Purchases 15,000 Shares of Resideo Technologies (NYSE:REZI) Stock

Resideo Technologies, Inc. (NYSE:REZI) CEO Thomas Surran bought 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average cost of $20.46 per share, for a total transaction of $306,900.00. Following the completion of the transaction, the chief executive officer owned 338,573 shares in the company, valued at $6,927,203.58. This trade represents a 4.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Resideo Technologies Stock Performance

Shares of REZI opened at $21.05 on Wednesday. The stock has a 50-day moving average of $31.01 and a two-hundred day moving average of $33.74. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.41 and a current ratio of 2.22. The stock has a market cap of $3.20 billion, a P/E ratio of 9.31 and a beta of 1.63. Resideo Technologies, Inc. has a one year low of $20.10 and a one year high of $45.29.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.36. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Resideo Technologies had a return on equity of 17.79% and a net margin of 5.37%.The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the business posted $0.66 earnings per share. As a group, research analysts predict that Resideo Technologies, Inc. will post 2.81 EPS for the current year.

Institutional Trading of Resideo Technologies

Several institutional investors have recently bought and sold shares of the business. Danske Bank A S increased 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 buying an additional 600 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Resideo Technologies by 283.8% during the 3rd quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock worth $25,000 after buying an additional 420 shares during the period. Allworth Financial LP purchased a new position in shares of Resideo Technologies during the 2nd quarter valued at approximately $28,000. McMillan Office Inc. purchased a new position in shares of Resideo Technologies during the 4th quarter valued at approximately $33,000. Finally, Kestra Advisory Services LLC acquired a new stake in Resideo Technologies in the 4th quarter valued at $34,000. 91.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on REZI. Morgan Stanley decreased their target price on shares of Resideo Technologies from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. JPMorgan Chase & Co. assumed coverage on Resideo Technologies in a research note on Friday, August 7th. They set a “neutral” rating and a $30.00 price objective for the company. Seaport Research Partners started coverage on Resideo Technologies in a report on Wednesday, July 1st. They issued a “buy” rating and a $55.00 price objective for the company. Zacks Research lowered Resideo Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th. Finally, Oppenheimer reiterated an “outperform” rating on shares of Resideo Technologies in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $41.00.

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.