Resideo Technologies (NYSE:REZI) Director Andrew Teich Acquires 8,149 Shares

Resideo Technologies, Inc. (NYSE:REZI) Director Andrew Teich purchased 8,149 shares of the stock in a transaction dated Monday, November 10th. The stock was purchased at an average price of $30.68 per share, for a total transaction of $250,011.32. Following the completion of the acquisition, the director directly owned 340,621 shares in the company, valued at approximately $10,450,252.28. This represents a 2.45% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

Resideo Technologies Stock Down 1.1%

NYSE:REZI opened at $30.28 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 1.07 and a debt-to-equity ratio of 1.38. Resideo Technologies, Inc. has a twelve month low of $14.18 and a twelve month high of $45.29. The company has a market cap of $4.53 billion, a PE ratio of -6.47 and a beta of 2.22. The company’s 50 day moving average is $40.10 and its two-hundred day moving average is $29.71.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.71 by $0.18. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.88 billion. Resideo Technologies had a negative net margin of 8.85% and a positive return on equity of 14.96%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 EPS. Resideo Technologies has set its FY 2025 guidance at 2.570-2.670 EPS. Q4 2025 guidance at 0.420-0.520 EPS. Analysts anticipate that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on REZI. Oppenheimer upped their price target on Resideo Technologies from $35.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, September 19th. Morgan Stanley raised Resideo Technologies from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $24.00 to $35.00 in a research note on Tuesday, August 12th. Wall Street Zen cut shares of Resideo Technologies from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Resideo Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.67.

Institutional Investors Weigh In On Resideo Technologies

A number of institutional investors have recently modified their holdings of the company. ORG Partners LLC lifted its stake in Resideo Technologies by 588.2% during the 3rd quarter. ORG Partners LLC now owns 585 shares of the company’s stock worth $25,000 after acquiring an additional 500 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in Resideo Technologies by 1,778.8% during the third quarter. Cullen Frost Bankers Inc. now owns 620 shares of the company’s stock worth $27,000 after purchasing an additional 587 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Resideo Technologies during the second quarter worth about $34,000. Jones Financial Companies Lllp boosted its stake in shares of Resideo Technologies by 128.4% in the third quarter. Jones Financial Companies Lllp now owns 934 shares of the company’s stock valued at $39,000 after purchasing an additional 525 shares during the period. Finally, IFP Advisors Inc grew its holdings in shares of Resideo Technologies by 20,133.3% in the first quarter. IFP Advisors Inc now owns 2,428 shares of the company’s stock valued at $43,000 after purchasing an additional 2,416 shares in the last quarter. 91.71% of the stock is 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.