Resideo Technologies, Inc. (NYSE:REZI) Insider Sells $329,000.00 in Stock

Resideo Technologies, Inc. (NYSE:REZI) insider Phillip L. Theodore sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $16.45, for a total transaction of $329,000.00. Following the sale, the insider now owns 149,855 shares of the company’s stock, valued at $2,465,114.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Resideo Technologies Stock Down 1.6 %

NYSE:REZI traded down $0.27 during mid-day trading on Monday, reaching $16.50. The stock had a trading volume of 909,831 shares, compared to its average volume of 638,511. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.78 and a quick ratio of 1.12. The stock has a market cap of $2.41 billion, a P/E ratio of 14.97 and a beta of 1.95. The business’s 50 day moving average is $15.57 and its 200 day moving average is $16.53. Resideo Technologies, Inc. has a fifty-two week low of $14.19 and a fifty-two week high of $20.16.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.25 by $0.16. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.54 billion. Resideo Technologies had a net margin of 2.67% and a return on equity of 7.96%. Resideo Technologies’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 EPS. As a group, sell-side analysts predict that Resideo Technologies, Inc. will post 1.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

REZI has been the subject of a number of research reports. Morgan Stanley decreased their target price on shares of Resideo Technologies from $21.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, August 4th. TheStreet cut Resideo Technologies from a “b-” rating to a “c+” rating in a research report on Thursday, October 19th.

Institutional Trading of Resideo Technologies

Several large investors have recently made changes to their positions in REZI. Steph & Co. lifted its holdings in Resideo Technologies by 4.7% in the 2nd quarter. Steph & Co. now owns 13,270 shares of the company’s stock worth $234,000 after purchasing an additional 599 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Resideo Technologies by 0.9% during the 4th quarter. MetLife Investment Management LLC now owns 77,122 shares of the company’s stock worth $1,269,000 after buying an additional 680 shares during the period. SYSTM Wealth Solutions LLC grew its stake in Resideo Technologies by 5.3% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 13,629 shares of the company’s stock valued at $249,000 after buying an additional 682 shares during the last quarter. Truist Financial Corp raised its holdings in Resideo Technologies by 6.8% in the 2nd quarter. Truist Financial Corp now owns 10,775 shares of the company’s stock worth $190,000 after acquiring an additional 689 shares during the period. Finally, Arizona State Retirement System raised its holdings in Resideo Technologies by 1.7% in the 3rd quarter. Arizona State Retirement System now owns 41,888 shares of the company’s stock worth $662,000 after acquiring an additional 706 shares during the period. Institutional investors own 90.59% 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.