Joseph Douglas Ragan III Buys 6,300 Shares of Resideo Technologies Inc (NYSE:REZI) Stock

Resideo Technologies Inc (NYSE:REZI) CFO Joseph Douglas Ragan III acquired 6,300 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was acquired at an average price of $20.05 per share, with a total value of $126,315.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

NYSE REZI traded up $0.82 during mid-day trading on Friday, hitting $21.92. The company’s stock had a trading volume of 3,819,600 shares, compared to its average volume of 1,139,151. The firm’s 50 day moving average price is $21.04. Resideo Technologies Inc has a twelve month low of $17.60 and a twelve month high of $28.67. The company has a quick ratio of 0.74, a current ratio of 1.19 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $2.55 billion and a price-to-earnings ratio of 8.87.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.04. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.19 billion. On average, analysts predict that Resideo Technologies Inc will post 1.39 earnings per share for the current fiscal year.

Several brokerages have recently commented on REZI. Oppenheimer set a $30.00 price objective on shares of Resideo Technologies and gave the stock a “buy” rating in a research report on Thursday, March 7th. Bank of America reaffirmed a “buy” rating and set a $24.00 price objective (down previously from $28.00) on shares of Resideo Technologies in a research report on Friday, March 8th. Imperial Capital began coverage on shares of Resideo Technologies in a research report on Tuesday, March 12th. They set an “outperform” rating and a $24.00 price objective for the company. Finally, Zacks Investment Research raised shares of Resideo Technologies from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, March 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $25.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of REZI. BlackRock Inc. purchased a new position in Resideo Technologies during the 4th quarter worth $209,847,000. FMR LLC boosted its holdings in Resideo Technologies by 8.4% during the 1st quarter. FMR LLC now owns 4,627,312 shares of the company’s stock worth $89,261,000 after acquiring an additional 356,787 shares during the last quarter. Investec Asset Management LTD boosted its holdings in Resideo Technologies by 6.3% during the 1st quarter. Investec Asset Management LTD now owns 3,146,256 shares of the company’s stock worth $60,691,000 after acquiring an additional 186,389 shares during the last quarter. D. E. Shaw & Co. Inc. purchased a new position in Resideo Technologies during the 4th quarter worth $57,581,000. Finally, Mason Capital Management LLC purchased a new position in Resideo Technologies during the 4th quarter worth $56,044,000. 74.65% of the stock is owned by institutional investors and hedge funds.

About Resideo Technologies

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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