Resideo Technologies (NYSE:REZI) Hits New 12-Month High at $23.43

Resideo Technologies, Inc. (NYSE:REZI)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $23.43 and last traded at $23.30, with a volume of 256095 shares trading hands. The stock had previously closed at $22.42.

Resideo Technologies Trading Up 1.5 %

The firm has a 50-day moving average of $20.58 and a two-hundred day moving average of $20.50. The firm has a market capitalization of $3.32 billion, a P/E ratio of 17.11 and a beta of 2.12. The company has a current ratio of 1.93, a quick ratio of 1.26 and a debt-to-equity ratio of 0.50.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.14. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Resideo Technologies had a net margin of 3.17% and a return on equity of 9.26%. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 EPS. On average, analysts anticipate that Resideo Technologies, Inc. will post 1.87 EPS for the current year.

Insider Activity

In other news, CAO Tina M. Beskid sold 3,310 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $21.46, for a total transaction of $71,032.60. Following the completion of the sale, the chief accounting officer now owns 64,960 shares of the company’s stock, valued at approximately $1,394,041.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CAO Tina M. Beskid sold 7,057 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $21.67, for a total transaction of $152,925.19. Following the completion of the sale, the chief accounting officer now owns 52,824 shares in the company, valued at $1,144,696.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Tina M. Beskid sold 3,310 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $21.46, for a total value of $71,032.60. Following the completion of the transaction, the chief accounting officer now owns 64,960 shares in the company, valued at $1,394,041.60. The disclosure for this sale can be found here. Insiders have sold 15,945 shares of company stock valued at $342,937 in the last ninety days. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Resideo Technologies

Several large investors have recently added to or reduced their stakes in the business. Nilsine Partners LLC grew its holdings in Resideo Technologies by 3.3% during the second quarter. Nilsine Partners LLC now owns 14,256 shares of the company’s stock worth $279,000 after buying an additional 452 shares in the last quarter. nVerses Capital LLC grew its stake in shares of Resideo Technologies by 1,166.7% in the 2nd quarter. nVerses Capital LLC now owns 3,800 shares of the company’s stock worth $74,000 after acquiring an additional 3,500 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Resideo Technologies by 3.4% in the second quarter. Commonwealth Equity Services LLC now owns 13,702 shares of the company’s stock valued at $268,000 after purchasing an additional 454 shares during the last quarter. Hantz Financial Services Inc. bought a new position in shares of Resideo Technologies during the second quarter valued at about $387,000. Finally, Innealta Capital LLC bought a new position in shares of Resideo Technologies during the second quarter valued at about $191,000. 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.