De Lisle Partners LLP Acquires New Shares in Resideo Technologies, Inc. $REZI

De Lisle Partners LLP acquired a new position in Resideo Technologies, Inc. (NYSE:REZI) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 46,008 shares of the company’s stock, valued at approximately $1,432,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Danske Bank A S boosted its holdings in shares of Resideo Technologies by 600.0% during the 4th quarter. Danske Bank A S now owns 700 shares of the company’s stock valued at $25,000 after acquiring an additional 600 shares during the last quarter. Larson Financial Group LLC lifted its position in Resideo Technologies by 283.8% during the third quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock valued at $25,000 after purchasing an additional 420 shares during the period. Allworth Financial LP purchased a new stake in Resideo Technologies in the second quarter worth approximately $28,000. McMillan Office Inc. bought a new stake in Resideo Technologies in the 4th quarter worth approximately $33,000. Finally, Kestra Advisory Services LLC purchased a new stake in Resideo Technologies during the 4th quarter valued at $34,000. Institutional investors own 91.71% of the company’s stock.

Insider Buying and Selling at Resideo Technologies

In related news, CEO Thomas A. Surran purchased 15,000 shares of the business’s stock in a transaction on Friday, August 14th. The stock was acquired at an average price of $20.46 per share, with a total value of $306,900.00. Following the completion of the acquisition, the chief executive officer owned 338,573 shares of the company’s stock, valued at approximately $6,927,203.58. This trade represents a 4.64% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Amit Ashvin Mehta purchased 10,928 shares of Resideo Technologies stock in a transaction on Monday, August 17th. The stock was bought at an average price of $20.68 per share, with a total value of $225,991.04. Following the transaction, the senior vice president owned 57,362 shares of the company’s stock, valued at approximately $1,186,246.16. This represents a 23.53% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders purchased 41,245 shares of company stock valued at $848,115. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Resideo Technologies in a research note on Friday, August 7th. They issued a “neutral” rating and a $30.00 price target on the stock. Oppenheimer reissued an “outperform” rating on shares of Resideo Technologies in a research report on Thursday, August 13th. Morgan Stanley cut their price target on Resideo Technologies from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. Weiss Ratings raised shares of Resideo Technologies from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, August 14th. Finally, Seaport Research Partners initiated coverage on shares of Resideo Technologies in a research note on Wednesday, July 1st. They issued a “buy” rating and a $55.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $41.00.

Resideo Technologies Trading Up 1.4%

Shares of Resideo Technologies stock opened at $20.31 on Friday. Resideo Technologies, Inc. has a 1-year low of $19.84 and a 1-year high of $45.29. The company’s fifty day simple moving average is $30.39 and its 200-day simple moving average is $33.46. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.22 and a quick ratio of 1.41. The stock has a market capitalization of $3.08 billion, a PE ratio of 8.99 and a beta of 1.63.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.47 by $0.36. Resideo Technologies had a return on equity of 17.79% and a net margin of 5.37%.The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the business posted $0.66 EPS. Resideo Technologies’s revenue was up 2.0% on a year-over-year basis. As a group, equities analysts anticipate that Resideo Technologies, Inc. will post 2.81 earnings per share for the current year.

About Resideo Technologies

Resideo Technologies, Inc, headquartered in Austin, Texas, is a global provider of home comfort, security and energy management solutions. Formed as an independent company in 2018 following its spin-off from Honeywell, Resideo leverages decades of engineering experience to deliver connected products and services to residential and light commercial customers.

The company’s core offerings include smart thermostats, security systems, video doorbells, water leak and freeze detection devices, and indoor air quality monitors.