Resideo Technologies Inc. Stock News

Resideo Technologies (REZI) agrees to acquire First Alert, a provider of home safety products, from Newell Brands (NWL) for $593M in an all cash transaction, or ~$547M net of…

Newell Brands Inc. announced Monday that it has sold its connected home and security business to Resideo Technologies, Inc., a connected home company that specializes in products like thermostats, humidifiers and security systems. Newell''s connected home and security business includes the First Alert and BRK brands. Gross proceeds from the deal are expected to be $593 million. As a result of the deal, Newell has approved a $375 million share repurchase program. The deal is expected to be neutral for Newell''s 2022 earnings per share. Newell''s other brands include Rubbermaid, Coleman outdoor gear and Calphalon cookware. Newell stock rose 2.6% in Monday premarket trading, but is down 18.4% over the last year. Resideo stock is down 6.7% for the past 12 months. And the S&P 500 index is up 15.8%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Resideo Technologies Inc (NYSE: REZI) has agreed to acquire First Alert Inc, a home safety products provider, from Newell Brands Inc (NASDAQ: NWL) for $593 million in an all-cash transaction. Firs

Resideo Technologies Inc (REZI) shares closed today at 1.9% above its 52 week low of $22.44, giving the company a market cap of $3B. The stock is currently down 9.2% year-to-date, down 5.9% over the past 12 months, and down 18.5% over the past five years. This week, the Dow Jones Industrial Average fell 2.5%, and the S&P 500 fell 4.1%. Trading Activity Trading volume this week was 2.2% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 2.0. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed above its Bollinger band, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -23.1% The company's stock price performance over the past 12 months beats the peer average by -61.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 342.7% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.

AUSTIN, Texas, Jan. 18, 2022 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global provider of home comfort and security solutions and distributor of commercial and residential sec

Ninety One UK Ltd lifted its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 10.7% in the third quarter, Holdings Channel reports. The firm owned 6,021,188 shares of the companys stock after buying an additional 581,085 shares during the period. Ninety One UK Ltds holdings in Resideo Technologies were worth $149,265,000 at the end []

Westpac Banking Corp decreased its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 64.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,410 shares of the companys stock after selling 94,369 shares during the quarter. Westpac Banking Corps holdings in []

Wall Street brokerages expect Resideo Technologies, Inc. (NYSE:REZI) to announce $1.47 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Resideo Technologies earnings. The highest sales estimate is $1.47 billion and the lowest is $1.46 billion. Resideo Technologies reported sales of $1.50 billion in the []

Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Resideo Technologies, Inc. (NYSE:REZI) by 39.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 32,220 shares of the companys stock after acquiring an additional 9,050 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.s holdings in Resideo Technologies were []

Shares of Resideo Technologies, Inc. (NYSE:REZI) have been assigned an average recommendation of Hold from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price []

Assenagon Asset Management S.A. lessened its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 37.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 180,057 shares of the companys stock after selling 106,797 shares during the quarter. Assenagon Asset Management S.A.s holdings in Resideo Technologies were worth $4,464,000 as of its most recent filing []

Analysts expect Resideo Technologies, Inc. (NYSE:REZI) to report earnings of $0.37 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Resideo Technologies earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.43. Resideo Technologies reported earnings per share [] The post Brokerages Anticipate Resideo Technologies, Inc. (NYSE:REZI) Will Post Earnings of $0.37 Per Share appeared first on ETF Daily News .

Royal Bank of Canada reduced its stake in Resideo Technologies, Inc. (NYSE:REZI) by 84.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,074 shares of the companys stock after selling 108,341 shares during the period. Royal Bank of Canadas []

Shares of Resideo Technologies, Inc. (NYSE:REZI) have been given a consensus rating of Hold by the eight brokerages that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have []

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