Resideo Technologies Inc (NYSE:REZI)’s share price dropped 5.2% during trading on Monday following insider selling activity. The stock traded as low as $9.21 and last traded at $9.27, approximately 2,890,725 shares were traded during mid-day trading. An increase of 114% from the average daily volume of 1,353,214 shares. The stock had previously closed at $9.78.

Specifically, Director Sharon L. Wienbar bought 4,900 shares of Resideo Technologies stock in a transaction dated Friday, November 15th. The stock was bought at an average cost of $10.32 per share, with a total value of $50,568.00. Following the completion of the acquisition, the director now directly owns 4,900 shares in the company, valued at approximately $50,568. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Joseph Douglas Ragan III sold 11,109 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $9.87, for a total value of $109,645.83. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 33,751 shares of company stock valued at $312,256. 0.09% of the stock is currently owned by corporate insiders.

REZI has been the topic of several research analyst reports. Oppenheimer downgraded Resideo Technologies from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 23rd. ValuEngine upgraded Resideo Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Bank of America downgraded Resideo Technologies from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 23rd. Zacks Investment Research downgraded Resideo Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, October 26th. Finally, Imperial Capital dropped their price objective on Resideo Technologies from $25.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $20.00.

The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 0.74. The firm has a 50 day moving average of $10.73 and a 200 day moving average of $16.05. The firm has a market cap of $1.20 billion, a PE ratio of 3.75, a P/E/G ratio of 1.69 and a beta of 1.26.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.04). Resideo Technologies had a net margin of 1.23% and a return on equity of 7.63%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the company posted $2.53 EPS. Resideo Technologies’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, research analysts anticipate that Resideo Technologies Inc will post 0.87 EPS for the current year.

Several large investors have recently bought and sold shares of REZI. Northwest Investment Counselors LLC purchased a new stake in shares of Resideo Technologies during the third quarter worth $29,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Resideo Technologies during the second quarter worth $33,000. Employers Holdings Inc. purchased a new stake in shares of Resideo Technologies during the second quarter worth $35,000. Captrust Financial Advisors lifted its position in shares of Resideo Technologies by 84.6% during the second quarter. Captrust Financial Advisors now owns 1,663 shares of the company’s stock worth $36,000 after acquiring an additional 762 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of Resideo Technologies by 123.4% during the third quarter. Quadrant Capital Group LLC now owns 2,763 shares of the company’s stock worth $37,000 after acquiring an additional 1,526 shares in the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

About Resideo Technologies (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.

Further Reading: Operating Income

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