Shares of Resideo Technologies Inc (NYSE:REZI) fell 6.7% during mid-day trading on Thursday . The company traded as low as $20.09 and last traded at $20.30. 38,837 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 910,994 shares. The stock had previously closed at $21.76.

A number of brokerages have weighed in on REZI. Zacks Investment Research downgraded Resideo Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 8th. Imperial Capital began coverage on Resideo Technologies in a research report on Tuesday, March 12th. They set an “outperform” rating and a $24.00 price target on the stock. Bank of America reissued a “buy” rating and set a $24.00 price target (down previously from $28.00) on shares of Resideo Technologies in a research report on Friday, March 8th. Finally, Oppenheimer set a $30.00 price target on Resideo Technologies and gave the stock a “buy” rating in a research report on Thursday, March 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $25.50.

The stock has a market capitalization of $2.67 billion and a price-to-earnings ratio of 8.22. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.19 and a quick ratio of 0.74.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.19 billion. As a group, equities research analysts anticipate that Resideo Technologies Inc will post 1.4 earnings per share for the current fiscal year.

In other Resideo Technologies news, Director Roger Fradin purchased 25,000 shares of the stock in a transaction on Tuesday, March 12th. The shares were purchased at an average price of $20.41 per share, with a total value of $510,250.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have acquired 26,503 shares of company stock worth $541,539. Company insiders own 0.09% of the company’s stock.

Several large investors have recently modified their holdings of REZI. BlackRock Inc. bought a new stake in shares of Resideo Technologies during the fourth quarter worth approximately $209,847,000. FMR LLC bought a new stake in shares of Resideo Technologies during the fourth quarter worth approximately $87,759,000. Praesidium Investment Management Company LLC bought a new stake in shares of Resideo Technologies during the first quarter worth approximately $77,401,000. Investec Asset Management LTD bought a new stake in shares of Resideo Technologies during the fourth quarter worth approximately $60,825,000. Finally, D. E. Shaw & Co. Inc. bought a new stake in shares of Resideo Technologies during the fourth quarter worth approximately $57,581,000. Institutional investors own 72.33% of the company’s stock.

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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: Earnings Per Share (EPS) Explained

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