Resideo Technologies Inc (NYSE:REZI) insider Masi Niccolo De bought 4,837 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were acquired at an average price of $20.68 per share, with a total value of $100,029.16. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of NYSE REZI opened at $20.95 on Friday. The firm has a market capitalization of $2.55 billion and a P/E ratio of 8.48. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.19 and a quick ratio of 0.74. Resideo Technologies Inc has a 1-year low of $17.60 and a 1-year high of $28.67.
Resideo Technologies (NYSE:REZI) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.29 EPS for the quarter, topping the Zacks’ 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. Sell-side analysts expect that Resideo Technologies Inc will post 1.25 earnings per share for the current year.
A number of analysts recently commented on REZI shares. Zacks Investment Research cut shares of Resideo Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 8th. Imperial Capital started coverage on shares of Resideo Technologies in a research report on Tuesday, March 12th. They issued an “outperform” rating and a $24.00 price objective for the company. Bank of America restated a “buy” rating and issued a $24.00 price objective (down previously from $28.00) on shares of Resideo Technologies in a research report on Friday, March 8th. Finally, Oppenheimer set a $30.00 price objective on shares of Resideo Technologies and gave the company a “buy” rating in a research report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $25.50.
A number of large investors have recently modified their holdings of the stock. Blume Capital Management Inc. bought a new position in Resideo Technologies in the 4th quarter valued at about $25,000. Fort L.P. bought a new position in Resideo Technologies in the fourth quarter valued at approximately $27,000. Dubuque Bank & Trust Co. bought a new position in Resideo Technologies in the first quarter valued at approximately $28,000. 1832 Asset Management L.P. bought a new position in Resideo Technologies in the fourth quarter valued at approximately $29,000. Finally, Laurel Wealth Advisors LLC bought a new position in Resideo Technologies in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds 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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