Insider Selling: Resideo Technologies, Inc. (NYSE:REZI) CAO Sells $152,925.19 in Stock

Resideo Technologies, Inc. (NYSE:REZI) CAO Tina M. Beskid sold 7,057 shares of Resideo Technologies stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $21.67, for a total value of $152,925.19. Following the completion of the transaction, the chief accounting officer now directly owns 52,824 shares in the company, valued at $1,144,696.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Resideo Technologies Stock Up 2.0 %

NYSE REZI opened at $21.75 on Friday. Resideo Technologies, Inc. has a twelve month low of $14.19 and a twelve month high of $23.21. The stock has a market cap of $3.18 billion, a PE ratio of 16.35 and a beta of 2.13. The firm has a 50-day simple moving average of $21.24 and a 200 day simple moving average of $19.44. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.26 and a current ratio of 1.93.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.14. Resideo Technologies had a return on equity of 9.26% and a net margin of 3.17%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the company earned $0.39 EPS. The company’s quarterly revenue was down 4.1% on a year-over-year basis. On average, research analysts forecast that Resideo Technologies, Inc. will post 1.87 EPS for the current year.

Analysts Set New Price Targets

Separately, TheStreet raised shares of Resideo Technologies from a “c+” rating to a “b-” rating in a research report on Wednesday, February 28th.

Institutional Investors Weigh In On Resideo Technologies

A number of institutional investors have recently bought and sold shares of the business. Norges Bank bought a new position in shares of Resideo Technologies during the 4th quarter worth about $29,610,000. Pzena Investment Management LLC boosted its holdings in Resideo Technologies by 23.7% during the third quarter. Pzena Investment Management LLC now owns 4,815,603 shares of the company’s stock valued at $76,087,000 after purchasing an additional 921,631 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in Resideo Technologies by 9.9% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 8,253,726 shares of the company’s stock valued at $130,409,000 after purchasing an additional 744,403 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Resideo Technologies by 9.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,860,246 shares of the company’s stock valued at $129,111,000 after purchasing an additional 609,176 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Resideo Technologies by 1,562.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 478,900 shares of the company’s stock worth $9,013,000 after buying an additional 450,087 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

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.