Insider Buying: Resideo Technologies (NYSE:REZI) Director Buys 29,460 Shares of Stock

Key Points

• Director Andrew Teich of Resideo Technologies purchased 29,460 shares at an average price of $34.01, totaling over $1 million, which increased his holdings by 9.72% to 332,472 shares.
• Resideo Technologies reported a 22.3% year-over-year revenue increase for Q2 2025, with earnings per share of $0.66, surpassing estimates of $0.54.
• Securities analysts have upgraded Resideo's stock rating from "equal weight" to "overweight", raising the target price from $24.00 to $35.00.

Resideo Technologies, Inc. (NYSE:REZI - Get Free Report) Director Andrew C. Teich acquired 29,460 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The shares were bought at an average cost of $34.01 per share, for a total transaction of $1,001,934.60. Following the acquisition, the director owned 332,472 shares of the company's stock, valued at $11,307,372.72. This represents a 9.72% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Resideo Technologies Price Performance

REZI traded up $0.63 on Friday, hitting $35.77. 1,759,592 shares of the company were exchanged, compared to its average volume of 1,870,977. Resideo Technologies, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $35.99. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.63 and a current ratio of 1.00. The firm has a market capitalization of $5.32 billion, a P/E ratio of -6.55 and a beta of 2.24. The business's fifty day moving average is $28.07 and its 200 day moving average is $21.99.

Resideo Technologies (NYSE:REZI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.54 by $0.12. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.62 EPS. Resideo Technologies has set its FY 2025 guidance at 2.750-2.870 EPS. Q3 2025 guidance at 0.700-0.760 EPS. As a group, sell-side analysts anticipate that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on the company. Oppenheimer upgraded Resideo Technologies from a "market perform" rating to an "outperform" rating in a research report on Wednesday, July 30th. Morgan Stanley upgraded shares of Resideo Technologies from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $24.00 to $35.00 in a research report on Tuesday, August 12th. Finally, JPMorgan Chase & Co. raised 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 company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $28.00.

Institutional Investors Weigh In On Resideo Technologies

Hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. raised its position in shares of Resideo Technologies by 2.6% in the first quarter. Principal Financial Group Inc. now owns 794,943 shares of the company's stock valued at $14,070,000 after buying an additional 20,301 shares during the last quarter. GAMMA Investing LLC raised its holdings in Resideo Technologies by 1,296.4% in the 1st quarter. GAMMA Investing LLC now owns 54,711 shares of the company's stock valued at $968,000 after acquiring an additional 50,793 shares during the last quarter. Natixis Advisors LLC raised its holdings in Resideo Technologies by 2.6% in the 1st quarter. Natixis Advisors LLC now owns 227,759 shares of the company's stock valued at $4,031,000 after acquiring an additional 5,674 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Resideo Technologies by 1,261.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 7,160 shares of the company's stock worth $127,000 after purchasing an additional 6,634 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in shares of Resideo Technologies by 2.5% during the first quarter. Hsbc Holdings PLC now owns 23,372 shares of the company's stock worth $412,000 after purchasing an additional 578 shares during the last quarter. 91.71% of the stock is owned by institutional investors and hedge funds.

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.