Joshua Peter Foster Buys 15,317 Shares of Resideo Technologies (NYSE:REZI) Stock

Resideo Technologies, Inc. (NYSE:REZI) SVP Joshua Peter Foster purchased 15,317 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was bought at an average price of $20.58 per share, with a total value of $315,223.86. Following the completion of the purchase, the senior vice president owned 183,509 shares of the company’s stock, valued at approximately $3,776,615.22. This represents a 9.11% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Resideo Technologies Trading Up 2.0%

Shares of Resideo Technologies stock opened at $21.05 on Wednesday. Resideo Technologies, Inc. has a 12-month low of $20.10 and a 12-month high of $45.29. The stock has a market cap of $3.20 billion, a P/E ratio of 9.31 and a beta of 1.63. The company has a quick ratio of 1.41, a current ratio of 2.22 and a debt-to-equity ratio of 1.41. The business’s 50 day moving average is $31.01 and its 200-day moving average is $33.74.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings data on Wednesday, August 12th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.47 by $0.36. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 EPS. Equities research analysts predict that Resideo Technologies, Inc. will post 2.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on REZI. Zacks Research lowered shares of Resideo Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 9th. Seaport Research Partners started coverage on shares of Resideo Technologies in a research note on Wednesday, July 1st. They issued a “buy” rating and a $55.00 target price for the company. Morgan Stanley reduced their price target on Resideo Technologies from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Monday, July 13th. JPMorgan Chase & Co. started coverage on Resideo Technologies in a report on Friday, August 7th. They set a “neutral” rating and a $30.00 price target for the company. Finally, Oppenheimer restated an “outperform” rating on shares of Resideo Technologies in a research note 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $41.00.

Hedge Funds Weigh In On Resideo Technologies

Several large investors have recently modified their holdings of REZI. Royal Bank of Canada grew its stake in Resideo Technologies by 50.0% in the 1st quarter. Royal Bank of Canada now owns 49,395 shares of the company’s stock valued at $873,000 after buying an additional 16,467 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Resideo Technologies by 58.9% during the first quarter. AQR Capital Management LLC now owns 122,734 shares of the company’s stock worth $2,172,000 after acquiring an additional 45,517 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Resideo Technologies by 7.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 126,161 shares of the company’s stock worth $2,233,000 after acquiring an additional 9,106 shares during the period. Millennium Management LLC grew its position in shares of Resideo Technologies by 1,123.6% in the first quarter. Millennium Management LLC now owns 263,821 shares of the company’s stock valued at $4,670,000 after purchasing an additional 242,260 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Resideo Technologies by 6.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 439,149 shares of the company’s stock valued at $7,773,000 after purchasing an additional 26,254 shares during the last quarter. 91.71% of the stock is owned by institutional investors.

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.