Resideo Technologies Inc (NYSE:REZI) insider Masi Niccolo De purchased 4,837 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was bought at an average price of $20.68 per share, for a total transaction of $100,029.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
NYSE REZI traded up $0.11 on Thursday, hitting $20.89. 299,661 shares of the company’s stock were exchanged, compared to its average volume of 776,226. The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74. Resideo Technologies Inc has a fifty-two week low of $17.60 and a fifty-two week high of $28.67. The stock has a market capitalization of $2.55 billion and a price-to-earnings ratio of 8.46.
Resideo Technologies (NYSE:REZI) last released its earnings results on Wednesday, May 8th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.04. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.19 billion. Equities analysts forecast that Resideo Technologies Inc will post 1.33 earnings per share for the current fiscal year.
REZI has been the topic of several recent analyst reports. Zacks Investment Research upgraded Resideo Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, February 19th. Oppenheimer set a $30.00 target price on Resideo Technologies and gave the stock a “buy” rating in a research report on Thursday, March 7th. Bank of America reiterated a “buy” rating and set a $24.00 target price (down previously from $28.00) on shares of Resideo Technologies in a research report on Friday, March 8th. Finally, Imperial Capital reiterated an “outperform” rating and set a $26.00 target price (up previously from $24.00) on shares of Resideo Technologies in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $25.50.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of Resideo Technologies in the 4th quarter worth approximately $209,847,000. FMR LLC acquired a new stake in shares of Resideo Technologies in the 4th quarter worth approximately $87,759,000. Praesidium Investment Management Company LLC acquired a new stake in shares of Resideo Technologies in the 1st quarter worth approximately $77,401,000. Investec Asset Management LTD acquired a new stake in shares of Resideo Technologies in the 4th quarter worth approximately $60,825,000. Finally, D. E. Shaw & Co. Inc. acquired a new stake in shares of Resideo Technologies in the 4th quarter worth approximately $57,581,000. Institutional investors own 74.67% of the company’s stock.
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Resideo Technologies Company Profile
Resideo Technologies, Inc provides critical comfort, thermal, and security solutions primarily in residential environments in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and Global Distribution. It offers home products, services, and technologies, including temperature and humidity control, water, air, remote patient monitoring software, and software solutions; and residential thermal solutions, such as boiler products, storage gas water heating solutions, ducted solutions, and thermal adjacency solutions.
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