Resideo Technologies (NYSE:REZI) Shares Unloaded by Rep. Pete Sessions

Key Points

• Rep. Pete Sessions sold between $0 and $1,000 of Resideo Technologies shares on October 21 in his ET IRA account, alongside several recent sales of other major stocks.
• Resideo shares opened at $18.31, near the lower end of their 52-week range, while the company’s latest quarterly results exceeded expectations with $0.83 in earnings per share versus a $0.47 consensus estimate.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $31.75 average price target; institutional investors own 91.71% of the stock, while company insiders recently reported net purchases.

Representative Pete Sessions (Republican-Texas) recently sold shares of Resideo Technologies, Inc. NYSE: REZI. In a filing disclosed on October 27th, the Representative disclosed that they had sold between $0 and $1,000 in Resideo Technologies stock on October 21st. The trade occurred in the Representative's "ET IRA" account.

Representative Pete Sessions also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Walt Disney NYSE: DIS on 10/28/2026.
• Sold $15,001 - $50,000 in shares of Amazon.com NASDAQ: AMZN on 10/27/2026.
• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 10/27/2026.
• Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 10/22/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 10/22/2026.
• Sold $1,001 - $15,000 in shares of Solstice Advanced Mat NASDAQ: SOLS on 10/21/2026.
• Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 10/21/2026.
• Sold $1,001 - $15,000 in shares of International Business Machines NYSE: IBM on 10/20/2026.
• Sold $15,001 - $50,000 in shares of Berkshire Hathaway NYSE: BRK.B on 10/15/2026.
• Sold $15,001 - $50,000 in shares of Chevron NYSE: CVX on 10/14/2026.

Resideo Technologies Trading Up 0.1%

REZI opened at $18.31 on Thursday. Resideo Technologies, Inc. has a 1-year low of $15.90 and a 1-year high of $44.76. The company has a current ratio of 2.22, a quick ratio of 1.41 and a debt-to-equity ratio of 1.41. The firm has a 50-day moving average price of $18.51 and a two-hundred day moving average price of $30.14. The stock has a market capitalization of $2.78 billion, a PE ratio of 8.10 and a beta of 1.54.

Resideo Technologies (NYSE:REZI - Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.36. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.94 billion. Resideo Technologies had a return on equity of 17.79% and a net margin of 5.37%. The firm's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.66 earnings per share. As a group, equities analysts anticipate that Resideo Technologies, Inc. will post 2.16 earnings per share for the current fiscal year.

Institutional Trading of Resideo Technologies

Hedge funds have recently bought and sold shares of the stock. Ancora Advisors LLC acquired a new position in shares of Resideo Technologies during the second quarter worth about $13,546,000. J. Goldman & Co LP bought a new position in Resideo Technologies in the second quarter valued at $17,983,000. Bank of America Corp DE acquired a new stake in Resideo Technologies in the 2nd quarter valued at $32,325,000. Hsbc Holdings PLC increased its stake in Resideo Technologies by 659.0% in the 1st quarter. Hsbc Holdings PLC now owns 50,832 shares of the company's stock valued at $1,706,000 after buying an additional 44,135 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Resideo Technologies during the 1st quarter worth about $1,497,000. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

REZI has been the subject of several analyst reports. Evercore assumed coverage on shares of Resideo Technologies in a research report on Monday, September 28th. They set an "outperform" rating and a $30.00 price target for the company. Oppenheimer reaffirmed an "outperform" rating on shares of Resideo Technologies in a report on Thursday, August 13th. Morgan Stanley dropped their price objective on Resideo Technologies from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, July 13th. Weiss Ratings upgraded Resideo Technologies from a "sell (d+)" rating to a "hold (c)" rating in a report on Friday, August 14th. Finally, JPMorgan Chase & Co. started coverage on Resideo Technologies in a research note on Friday, August 7th. They issued a "neutral" rating and a $30.00 price target for the company. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $31.75.

Insider Transactions at Resideo Technologies

In related news, SVP Amit Mehta acquired 10,928 shares of the firm's stock in a transaction dated Monday, August 17th. The stock was bought at an average price of $20.68 per share, for a total transaction of $225,991.04. Following the acquisition, the senior vice president directly owned 57,362 shares of the company's stock, valued at approximately $1,186,246.16. The trade was a 23.53% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joshua Foster bought 15,317 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was bought at an average cost of $20.58 per share, for a total transaction of $315,223.86. Following the transaction, the senior vice president owned 183,509 shares of the company's stock, valued at $3,776,615.22. The trade was a 9.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 41,245 shares of company stock worth $848,115 in the last three months. Insiders own 1.60% of the company's stock.

About Representative Sessions

Pete Sessions (Republican Party) is a member of the U.S. House, representing Texas' 17th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Sessions (Republican Party) ran for re-election to the U.S. House to represent Texas' 17th Congressional District. He won in the general election on November 5, 2024. On October 20, 2023, Sessions announced he was running to replace Kevin McCarthy (R) as speaker of the U.S. House in the 118th Congress. Sessions lost the first round of nomination voting on October 24, 2023. Pete Sessions was born and lives in Waco, Texas. Sessions earned a B.S. from Southwestern University in 1978. Sessions' career experience includes working as an executive with AT&T.

About Resideo Technologies

Resideo Technologies, Inc NYSE: REZI is a provider of products and services for residential and commercial comfort, security, and energy management. The company develops and supplies thermostats, heating and cooling controls, indoor air quality products, water-management solutions, security systems, and other connected home technologies. Its offerings are marketed under Resideo and other established brands, including Honeywell Home, through professional contractors, distributors, retailers, and other channels.

Resideo also operates ADI Global Distribution, a wholesale distributor of security, fire, low-voltage, and smart-home products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.