REZI - Resideo Technologies, Inc.

NYSE - NYSE Delayed Price. Currency in USD
10.08
-0.13 (-1.27%)
At close: 4:03PM EST
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Previous Close10.21
Open10.10
Bid9.91 x 1100
Ask10.60 x 1100
Day's Range9.94 - 10.17
52 Week Range8.60 - 26.40
Volume1,252,139
Avg. Volume1,736,188
Market Cap1.238B
Beta (5Y Monthly)N/A
PE Ratio (TTM)20.49
EPS (TTM)0.49
Earnings DateFeb 26, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est12.75
  • Earnings Preview: Resideo Technologies (REZI) Q4 Earnings Expected to Decline
    Zacks

    Earnings Preview: Resideo Technologies (REZI) Q4 Earnings Expected to Decline

    Resideo Technologies (REZI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Business Wire

    Entwistle & Cappucci LLP Appointed Co-Lead Counsel In Resideo Technologies, Inc. Securities Litigation

    Entwistle & Cappucci LLP Appointed Co-Lead Counsel In Resideo Technologies, Inc. Securities Litigation

  • M&A wrap: Latest deals hit energy, tech, food industries
    American City Business Journals

    M&A wrap: Latest deals hit energy, tech, food industries

    In our regular wrap-up of Central Texas M&A; deals, we try to cut through the static to give you the most important takeaways. This time we're looking at a move by Enverus — the company formerly known as Drillinginfo — and Resideo Technologies' fourth acquisition, Florida-based Herman ProAV. Also in the mix are deals by Digital Turbine and Cawoods Produce.

  • PR Newswire

    Resideo Acquires Audio-Visual Equipment Distributor Herman ProAV

    Resideo Technologies, Inc. (NYSE: REZI) today announced it has acquired privately held Herman ProAV, based in Miramar, Fla. The newly acquired company is a leading provider and distributor of professional audio-visual (AV) products, procurement services and labor resources to systems integrators in the commercial audio-visual industry. Herman ProAV serves customers across the United States and will be part of Resideo's ADI Global Distribution business, a leading wholesale distributor of security, AV and low-voltage products.

  • GlobeNewswire

    Bragar Eagel & Squire is Investigating Certain Officers and Directors of Tandy Leather Factory, Plantronics, Resideo, and Zovio and Encourages Investors to Contact the Firm

    Bragar Eagel & Squire, P.C., a nationally recognized shareholder law firm, is investigating certain officers and directors of Tandy Leather Factory, Inc. (TLF), Plantronics, Inc. (PLT), Resideo Technologies, Inc. (REZI), and Zovio, Inc. (ZVO) on behalf of long-term stockholders. Bragar Eagel and Squire is investigating certain officers and directors of Tandy Leather Factory, Inc. following a class action complaint that was filed against Tandy Leather on November 7, 2019.

  • Breakup Is Another Word for Lack of New Ideas
    Bloomberg

    Breakup Is Another Word for Lack of New Ideas

    (Bloomberg Opinion) -- There’s no clearer sign we’ve reached peak breakup in industrials than a pure-play transportation and logistics company blaming a “conglomerate discount” for its decision to consider cleaving itself into smaller pieces.XPO Logistics Inc. confirmed late Wednesday that it was exploring strategic alternatives including the possible sale or spinoff of one or more of its units. The review could see businesses that generate as much as 75% of XPO’s revenue jettisoned, with the European, North American and Asia-Pacific supply-chain operations and its European and North American transportation arms all potentially on the block, people familiar with the matter told Bloomberg News. That would leave XPO with its North American short-haul trucking business. XPO CEO Brad Jacobs told Bloomberg TV he’s exploring breakup options because the company is suffering from a “conglomerate discount” and “Wall Street understands pure plays.”Those are in-vogue words right now for industrial CEOs after an unprecedented wave of breakups. But the majority of those splits involved businesses that had little or only tenuous connections to each other – think the separation of Ingersoll-Rand Plc’s golf cart, tools and pumps business from its HVAC division, or United Technologies Corp.’s breakup of its aviation, climate and elevator businesses. Even controversial breakups such as Honeywell International Inc.’s spinoff of its Resideo Technologies Inc. thermostat and Garrett Motion Inc. turbochargers businesses, or Fortive Corp.’s plan to carve out its legacy industrial products, involved divisions that clearly didn’t fit. XPO is splitting the hairs much more finely. According to its most recent annual filing, the company gets 65% of its revenue from transportation and 35% from logistics.All the same, the market clearly does love this move. The stock climbed more than 10% on the news, with some of that likely reflecting a squeeze on short sellers who have a 13.1% interest in shares outstanding, according to Markit. Citigroup Inc. analyst Christian Wetherbee estimated a breakup could add as much as $66 a share to XPO’s equity value. And that’s likely appealing for investors looking for a story to bet on amid generally elevated valuations elsewhere in industrial stocks. But it’s hard not to view this breakup plan as a waving of the white flag for a company that was built via consolidation but has struggled of late to get deals done. XPO hasn’t announced a major acquisition since 2015, despite Jacobs’s exclamation in 2017 that he was ready to spend up to $8 billion. Last year, XPO said it would pivot away from M&A and plow billions into share buybacks instead. That helped drive XPO shares to a 40% gain in 2019, despite a recession in freight markets.With its debt levels rising and little in the way of real earnings growth, keeping the party going presented a challenge. Jacobs laid out a plan in August to add as much as $1 billion of profit by 2022 via cost cuts and new business. Bloomberg Intelligence analyst Lee Klaskow, who noted at the time that such a push carried significant execution risk, says the breakup may be a sign that XPO had already squeezed all it could from the business as far as operating improvements and technology investments.The point of all of XPO’s M&A activity was to wring costs out of the combined operations and gain more negotiating clout with suppliers. Jacobs told Bloomberg TV that XPO’s combination of businesses had helped it add more than $2 billion of revenue organically. “We actually will lose some bargaining power as smaller companies with vendors because we won’t have the global procurement capability,” Jacobs said. But he thinks smaller, more agile businesses will be more appealing to both customers and shareholders.When a CEO is talking out of two sides of his mouth, it sure sounds like financial engineering.To contact the author of this story: Brooke Sutherland at bsutherland7@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • If You Had Bought Resideo Technologies (NYSE:REZI) Stock A Year Ago, You'd Be Sitting On A 44% Loss, Today
    Simply Wall St.

    If You Had Bought Resideo Technologies (NYSE:REZI) Stock A Year Ago, You'd Be Sitting On A 44% Loss, Today

    It's easy to match the overall market return by buying an index fund. While individual stocks can be big winners...

  • Business Wire

    Shareholder Alert: Robbins LLP Reminds Investors Resideo Technologies, Inc. (REZI) Sued for Misleading Shareholders

    Shareholder rights law firm Robbins LLP reminds investors that a purchaser of Resideo Technologies, Inc. (NYSE: REZI) filed a class action complaint for alleged violations of the Securities Exchange Act of 1934 between October 10, 2018 and October 22, 2019. Resideo Technologies manufactures home automation products, including smart thermostats and security cameras. The Company was formed through a spin-off from parent Honeywell International, Inc.

  • ACCESSWIRE

    CLASS ACTION UPDATE for REZI, AFI and ET: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

    NEW YORK, NY / ACCESSWIRE / January 7, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders ...

  • Resideo Appoints Sach Sankpal President Of Products & Solutions Business
    PR Newswire

    Resideo Appoints Sach Sankpal President Of Products & Solutions Business

    Resideo Technologies, Inc. (NYSE: REZI), a leading global provider of home comfort and security solutions, today announced that Sach Sankpal has been named president of Resideo's Products & Solutions business, effective Jan. 7, 2020.

  • ACCESSWIRE

    REZI DEADLINE TODAY: HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Resideo Technologies (REZI) Investors of Today’s Deadline to Move for Lead Plaintiff

    SAN FRANCISCO, CA / ACCESSWIRE / January 7, 2020 / Hagens Berman alerts Resideo Technologies, Inc. (NYSE:REZI) investors of today's deadline to move for lead plaintiff in a securities fraud class action ...

  • GlobeNewswire

    RESIDEO 24 HOUR DEADLINE ALERT: FORMER LOUISIANA ATTORNEY GENERAL AND KAHN SWICK & FOTI, LLC REMIND INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Deadline in Class Action Lawsuit Against Resideo Technologies, Inc. - REZI

    Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until January 7, 2020 to file lead plaintiff applications in a securities class action lawsuit against Resideo Technologies, Inc. (REZI), if they purchased the Company’s shares between October 29, 2018 and October 22, 2019, inclusive (the “Class Period”). This action is pending in the United States District Court for the District of Minnesota. If you purchased shares of Resideo and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-rezi/ to learn more.

  • ACCESSWIRE

    SHAREHOLDER ALERT: REZI ACB FCAU: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines

    NEW YORK, NY / ACCESSWIRE / January 6, 2020 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a ...

  • ACCESSWIRE

    INVESTOR ALERT - Resideo Technologies, Inc. (REZI) - Bronstein, Gewirtz & Grossman, LLC Reminds Investors With Losses Exceeding $100K of Class Action and Lead Plaintiff Deadline: January 7, 2020

    NEW YORK, NY / ACCESSWIRE / January 6, 2020 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Resideo Technologies, Inc. ("Resideo" or the "Company") (REZI) and certain of its officers, on behalf of shareholders who purchased Resideo securities purchased between October 29, 2018 and October 22, 2019, both dates inclusive. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) the negative operational effects of the Honeywell spin-off were more substantial and persistent than disclosed and had negatively affected the Company's product sales, supply chain, and gross margins, putting Resideo's fiscal 2019 financial forecasts at risk; (2) as a consequence, the Company's financial guidance lacked a reasonable basis and the Company was not on track to make its fiscal 2019 guidance as defendants had claimed; and (3) as a result, Resideo's public statements were materially false and misleading at all relevant times.

  • ACCESSWIRE

    2-DAY DEADLINE ALERT: HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Resideo Technologies (REZI) Investors with Losses to Contact Its Attorneys, Application Deadline Approaching

    SAN FRANCISCO, CA / ACCESSWIRE / January 5, 2020 / Hagens Berman urges Resideo Technologies, Inc. (NYSE:REZI) investors who have suffered significant losses to submit their loss now to learn if they qualify ...

  • ACCESSWIRE

    The Gross Law Firm Announces Class Actions on Behalf of Shareholders of GDOT, WSG and REZI

    NEW YORK, NY / ACCESSWIRE / January 5, 2020 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. A class action has commenced on behalf of certain shareholders in Green Dot Corporation.

  • GlobeNewswire

    3-DAY DEADLINE ALERT: HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Resideo Technologies (REZI) Investors with Losses to Contact Its Attorneys, Application Deadline Approaching

    Hagens Berman urges Resideo Technologies, Inc. (REZI) investors who have suffered significant losses to submit their loss now to learn if they qualify to recover compensable damages. Only three days remain until the January 7, 2020 lead plaintiff deadline in a securities fraud class action that has been filed against the company and senior executives.

  • Business Wire

    RESIDEO 96 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against Resideo Technologies, Inc. - REZI

    Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until January 7, 2020 to file lead plaintiff applications in a securities class action lawsuit against Resideo Technologies, Inc. (NYSE: REZI), if they purchased the Company’s shares between October 29, 2018 and October 22, 2019, inclusive (the "Class Period"). This action is pending in the United States District Court for the District of Minnesota.

  • ACCESSWIRE

    CLASS ACTION UPDATE for TIGR, REZI and CGC: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

    NEW YORK, NY / ACCESSWIRE / January 3, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders ...

  • ACCESSWIRE

    REZI DEADLINE ALERT: HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Resideo Technologies (REZI) Investors with Losses to Contact Its Attorneys, Application Deadline Approaching

    SAN FRANCISCO, CA / ACCESSWIRE / January 3, 2019 / Hagens Berman urges Resideo Technologies, Inc. (NYSE:REZI) investors who have suffered significant losses to submit their loss now to learn if they qualify ...

  • GlobeNewswire

    REZI JANUARY 7 DEADLINE: Zhang Investor Law Reminds Investors of Deadline in Securities Class Action Lawsuit Against Resideo Technologies, Inc. – REZI

    Zhang Investor Law announces a securities class action lawsuit on behalf of shareholders who bought shares Resideo Technologies, Inc. (REZI) between October 29, 2018 and October 22, 2019, inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than January 7, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

  • ACCESSWIRE

    SHAREHOLDER ALERT: GDOT REZI EXC: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines

    NEW YORK, NY / ACCESSWIRE / January 2, 2020 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a ...

  • ACCESSWIRE

    CLASS ACTION UPDATE for TIGR, REZI and PRU: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

    NEW YORK, NY / ACCESSWIRE / January 2, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders ...

  • GlobeNewswire

    Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Resideo Technologies, Yunji, Plantronics, and Lipocine and Encourages Investors to Contact the Firm

    Bragar Eagel & Squire, P.C., a nationally recognized shareholder law firm, reminds investors that class action lawsuits have been commenced on behalf of stockholders of Resideo Technologies, Inc. (REZI), Yunji, Inc. (YJ), Plantronics, Inc. (PLT), and Lipocine, Inc. (LPCN). The Company was formed through a spin-off from Honeywell International Inc. on October 29, 2018. The Company began trading under the ticker symbol “REZI” on the New York Stock Exchange (“NYSE”) on October 29, 2018.

  • GlobeNewswire

    SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of QUAD and REZI of Upcoming Deadlines

    WILMINGTON, Del., Jan. 01, 2020 -- Rigrodsky & Long, P.A. reminds investors of upcoming deadlines involving securities fraud class action lawsuits commenced against the.