Resideo Technologies (NYSE:REZI) Sees Unusually-High Trading Volume

Shares of Resideo Technologies, Inc. (NYSE:REZI) saw unusually-strong trading volume on Monday . Approximately 766,193 shares changed hands during trading, a decline of 8% from the previous session’s volume of 830,155 shares.The stock last traded at $19.26 and had previously closed at $18.74.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI began coverage on shares of Resideo Technologies in a research note on Friday. They set an “outperform” rating and a $25.00 target price on the stock.

Resideo Technologies Trading Up 0.3 %

The company has a quick ratio of 1.26, a current ratio of 1.93 and a debt-to-equity ratio of 0.50. The company has a market cap of $2.74 billion, a P/E ratio of 14.09 and a beta of 2.12. The firm’s 50 day moving average is $20.33 and its two-hundred day moving average is $20.68.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.20. Resideo Technologies had a net margin of 3.17% and a return on equity of 9.26%. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the firm posted $0.34 earnings per share. Resideo Technologies’s revenue for the quarter was down .8% on a year-over-year basis. As a group, equities research analysts anticipate that Resideo Technologies, Inc. will post 1.87 EPS for the current year.

Insider Buying and Selling

In other Resideo Technologies news, CAO Tina M. Beskid sold 7,057 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $21.67, for a total transaction of $152,925.19. Following the sale, the chief accounting officer now owns 52,824 shares of the company’s stock, valued at $1,144,696.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is currently owned by insiders.

Institutional Trading of Resideo Technologies

A number of institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Resideo Technologies by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 7,822,902 shares of the company’s stock worth $153,015,000 after purchasing an additional 397,864 shares during the period. Boston Partners raised its holdings in Resideo Technologies by 3.0% during the first quarter. Boston Partners now owns 6,700,564 shares of the company’s stock worth $150,177,000 after buying an additional 193,351 shares during the last quarter. Norges Bank bought a new position in shares of Resideo Technologies in the fourth quarter valued at $29,610,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Resideo Technologies by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,402,838 shares of the company’s stock valued at $26,401,000 after buying an additional 16,153 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Resideo Technologies by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 1,312,932 shares of the company’s stock valued at $25,681,000 after buying an additional 17,505 shares during the last quarter. Institutional investors own 91.71% of the company’s stock.

Resideo Technologies Company Profile

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.