Resideo Technologies (NYSE:REZI) Sets New 1-Year Low at $17.44

Resideo Technologies Inc (NYSE:REZI) shares reached a new 52-week low on Monday . The stock traded as low as $17.44 and last traded at $17.44, with a volume of 5568 shares traded. The stock had previously closed at $18.06.

Several equities research analysts have weighed in on REZI shares. Zacks Investment Research lowered shares of Resideo Technologies from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Imperial Capital reissued an “outperform” rating and set a $25.00 price objective (down previously from $26.00) on shares of Resideo Technologies in a research report on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Resideo Technologies presently has an average rating of “Buy” and an average target price of $25.75.

The firm has a market capitalization of $2.22 billion and a price-to-earnings ratio of 7.04. The business’s 50-day simple moving average is $20.54. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.19.

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

In other news, insider Michael G. Nefkens acquired 4,964 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was bought at an average price of $20.26 per share, with a total value of $100,570.64. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Masi Niccolo De acquired 4,837 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was purchased at an average cost of $20.68 per share, with a total value of $100,029.16. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 20,074 shares of company stock valued at $407,561. 0.09% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in REZI. Gabelli Funds LLC grew its holdings in Resideo Technologies by 3.1% during the 2nd quarter. Gabelli Funds LLC now owns 426,888 shares of the company’s stock worth $9,357,000 after acquiring an additional 13,000 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in Resideo Technologies by 44.0% during the 2nd quarter. Gamco Investors INC. ET AL now owns 914,565 shares of the company’s stock worth $20,047,000 after acquiring an additional 279,327 shares during the last quarter. Employers Holdings Inc. bought a new stake in Resideo Technologies during the 2nd quarter worth approximately $35,000. Swiss National Bank grew its holdings in Resideo Technologies by 2.1% during the 2nd quarter. Swiss National Bank now owns 228,800 shares of the company’s stock worth $5,015,000 after acquiring an additional 4,700 shares during the last quarter. Finally, Comerica Bank grew its holdings in Resideo Technologies by 5.0% during the 2nd quarter. Comerica Bank now owns 85,624 shares of the company’s stock worth $1,686,000 after acquiring an additional 4,062 shares during the last quarter. 74.38% of the stock is owned by institutional investors.

Resideo Technologies Company Profile (NYSE:REZI)

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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