Resideo Technologies, Inc. (NYSE:REZI) CAO Tina M. Beskid Sells 7,057 Shares

Resideo Technologies, Inc. (NYSE:REZIGet Free Report) CAO Tina M. Beskid sold 7,057 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $1,144,696.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Resideo Technologies Price Performance

NYSE REZI traded down $0.42 during trading hours on Thursday, reaching $21.32. 531,369 shares of the stock traded hands, compared to its average volume of 894,448. The stock has a 50 day simple moving average of $21.28 and a two-hundred day simple moving average of $19.36. Resideo Technologies, Inc. has a 1 year low of $14.19 and a 1 year high of $23.21. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.93 and a quick ratio of 1.26. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 16.11 and a beta of 2.13.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of REZI. Illinois Municipal Retirement Fund purchased a new position in shares of Resideo Technologies in the third quarter worth about $1,376,000. Seizert Capital Partners LLC increased its holdings in Resideo Technologies by 2.9% during the 3rd quarter. Seizert Capital Partners LLC now owns 49,802 shares of the company’s stock valued at $787,000 after purchasing an additional 1,425 shares during the period. Arizona State Retirement System increased its holdings in Resideo Technologies by 1.7% during the 3rd quarter. Arizona State Retirement System now owns 41,888 shares of the company’s stock valued at $662,000 after purchasing an additional 706 shares during the period. Barclays PLC increased its holdings in Resideo Technologies by 13.5% during the 3rd quarter. Barclays PLC now owns 86,681 shares of the company’s stock valued at $1,370,000 after purchasing an additional 10,277 shares during the period. Finally, New York State Common Retirement Fund increased its holdings in Resideo Technologies by 40.4% during the 3rd quarter. New York State Common Retirement Fund now owns 84,042 shares of the company’s stock valued at $1,328,000 after purchasing an additional 24,200 shares during the period. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Wall Street Analysts Forecast Growth

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

View Our Latest Analysis on Resideo Technologies

Resideo Technologies Company Profile

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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.

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