In a recent transaction, Nina Richardson, a board director of Resideo Technologies, Inc. (NYSE:REZI), sold 5,578 shares of the company's common stock. The shares were sold at a weighted average price of $21.33, amounting to a total value of $118,978. The transaction took place on May 9, 2024, and was disclosed in a regulatory filing with the Securities and Exchange Commission.
The sale was executed in multiple transactions with prices ranging between $21.325 and $21.34 per share. Following the sale, Richardson still owns a total of 51,311 shares of Resideo Technologies, indicating a continued investment in the company's future. The disclosure, as per SEC requirements, includes an offer by the reporting person to provide full details regarding the number of shares sold at each price within the specified range upon request.
Resideo Technologies, a provider of comfort and security solutions for homes, continues to be a significant player in the wholesale hardware industry. This transaction by one of its directors may be of interest to current and potential investors, as it reflects changes in insider ownership of the company's stock.
InvestingPro Insights
As Resideo Technologies, Inc. (NYSE:REZI) remains a key figure in the home comfort and security market, recent data from InvestingPro provides a snapshot of the company's financial health and market performance. With a market capitalization of $3.19 billion and a P/E ratio that has adjusted to a more attractive 8.7 over the last twelve months as of Q1 2024, REZI appears to be on a stable footing. This is further supported by a strong return over the last three months, with a 26.64% price total return, reflecting investor confidence and market momentum.
An InvestingPro Tip highlights that REZI's liquid assets currently exceed its short-term obligations, suggesting a robust liquidity position that may reassure investors of the company's ability to meet its immediate financial responsibilities. Moreover, analysts predict profitability for the company this year, which is consistent with the firm's performance over the past twelve months. This aligns with the company's basic and diluted EPS (Continuing Operations) standing at $1.34 and $1.33, respectively.
For investors seeking more in-depth analysis, there are additional InvestingPro Tips available, including insights on stock price volatility and the absence of dividend payments to shareholders. To access these tips and more, visit https://www.investing.com/pro/REZI and consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. In total, there are six more InvestingPro Tips listed for REZI, offering a comprehensive view of the company's investment potential.
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