Resideo Technologies (NYSE:REZI) Shares Up 6.5% Following Insider Buying Activity

Shares of Resideo Technologies, Inc. (NYSE:REZI) shot up 6.5% during trading on Wednesday following insider buying activity. The company traded as high as $32.41 and last traded at $32.3610. 719,147 shares were traded during mid-day trading, a decline of 48% from the average session volume of 1,372,991 shares. The stock had previously closed at $30.39.

Specifically, Director Andrew C. Teich acquired 8,149 shares of Resideo Technologies stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average cost of $30.68 per share, for a total transaction of $250,011.32. Following the acquisition, the director owned 340,621 shares in the company, valued at approximately $10,450,252.28. This represents a 2.45% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Analyst Ratings Changes

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

Resideo Technologies Stock Performance

The company has a current ratio of 1.88, a quick ratio of 1.07 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of -6.80 and a beta of 2.22. The stock’s fifty day simple moving average is $40.06 and its 200-day simple moving average is $29.72.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.71 by $0.18. The business had revenue of $1.86 billion during 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 company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.58 earnings per share. Resideo Technologies has set its FY 2025 guidance at 2.570-2.670 EPS. Q4 2025 guidance at 0.420-0.520 EPS. Analysts predict that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

Institutional Investors Weigh In On Resideo Technologies

Large investors have recently bought and sold shares of the stock. ORG Partners LLC boosted its stake in shares of Resideo Technologies by 588.2% in the 3rd quarter. ORG Partners LLC now owns 585 shares of the company’s stock valued at $25,000 after buying an additional 500 shares during the period. Cullen Frost Bankers Inc. raised its holdings in Resideo Technologies by 1,778.8% in the third quarter. Cullen Frost Bankers Inc. now owns 620 shares of the company’s stock valued at $27,000 after acquiring an additional 587 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Resideo Technologies in the second quarter valued at approximately $34,000. Jones Financial Companies Lllp lifted its stake in Resideo Technologies by 128.4% in the third quarter. Jones Financial Companies Lllp now owns 934 shares of the company’s stock worth $39,000 after acquiring an additional 525 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in Resideo Technologies by 20,133.3% during the 1st quarter. IFP Advisors Inc now owns 2,428 shares of the company’s stock worth $43,000 after acquiring an additional 2,416 shares in the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Resideo Technologies Company Profile

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.