Resideo Technologies (NYSE:REZI) EVP Sells $1,108,311.38 in Stock

Key Points

• Jeannine J. Lane, Executive Vice President of Resideo Technologies, sold 35,398 shares of the company at an average price of $31.31, representing an 18.58% decrease in her ownership.
• Resideo Technologies' stock is currently valued at $31.88, having recently reported $1.94 billion in quarterly revenue, exceeding analyst expectations.
• Analyst ratings have improved, with Morgan Stanley upgrading Resideo from "equal weight" to "overweight" and increasing the target price from $24.00 to $35.00.

Resideo Technologies, Inc. (NYSE:REZI - Get Free Report) EVP Jeannine J. Lane sold 35,398 shares of Resideo Technologies stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $31.31, for a total transaction of $1,108,311.38. Following the sale, the executive vice president directly owned 155,136 shares in the company, valued at approximately $4,857,308.16. The trade was a 18.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Resideo Technologies Trading Up 2.2%

Resideo Technologies stock traded up $0.6890 during mid-day trading on Tuesday, hitting $32.4790. The company's stock had a trading volume of 1,407,650 shares, compared to its average volume of 1,996,014. The stock's fifty day moving average is $24.78 and its two-hundred day moving average is $20.88. The company has a current ratio of 1.00, a quick ratio of 0.63 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $4.83 billion, a PE ratio of -5.95 and a beta of 2.16. Resideo Technologies, Inc. has a 1 year low of $14.18 and a 1 year high of $33.03.

Resideo Technologies (NYSE:REZI - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.12. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.83 billion. Resideo Technologies had a positive return on equity of 12.55% and a negative net margin of 10.52%.The company's revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.62 earnings per share. Resideo Technologies has set its FY 2025 guidance at 2.750-2.870 EPS. Q3 2025 guidance at 0.700-0.760 EPS. On average, analysts anticipate that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

Wall Street Analysts Forecast Growth

REZI has been the subject of a number of recent analyst reports. Morgan Stanley upgraded shares of Resideo Technologies from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $24.00 to $35.00 in a research report on Tuesday, August 12th. Oppenheimer raised shares of Resideo Technologies from a "market perform" rating to an "outperform" rating in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Resideo Technologies from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Tuesday, June 3rd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $28.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. State of Wyoming increased its stake in Resideo Technologies by 16.4% during the 2nd quarter. State of Wyoming now owns 21,540 shares of the company's stock worth $475,000 after buying an additional 3,028 shares during the period. Public Sector Pension Investment Board increased its position in shares of Resideo Technologies by 6.8% during the second quarter. Public Sector Pension Investment Board now owns 565,425 shares of the company's stock worth $12,473,000 after acquiring an additional 35,804 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Resideo Technologies in the second quarter valued at $34,000. CANADA LIFE ASSURANCE Co raised its stake in shares of Resideo Technologies by 0.9% in the second quarter. CANADA LIFE ASSURANCE Co now owns 170,832 shares of the company's stock valued at $3,772,000 after acquiring an additional 1,503 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Resideo Technologies by 501.3% in the second quarter. Tower Research Capital LLC TRC now owns 16,367 shares of the company's stock valued at $361,000 after purchasing an additional 13,645 shares during the period. Hedge funds and other institutional investors own 91.71% 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.