First Brands Group debt targeted by Apollo Global Management - report
Director Andrew C. Teich of Resideo Technologies, Inc. (NYSE:REZI), a $5 billion market cap company, recently purchased 29,460 shares of the company’s common stock. The shares were bought in a series of transactions at prices ranging from $33.94 to $34.03, resulting in a total transaction value of $1001875. The purchase comes as REZI trades near its 52-week high of $34.89, having delivered an impressive 81% return over the past six months.
The transaction, which took place on August 29, 2025, was disclosed in a Form 4 filing with the Securities and Exchange Commission on September 3, 2025. Following the purchase, Teich directly owns 332,472 shares of Resideo Technologies. According to InvestingPro, which offers comprehensive insider trading analysis among its 10+ exclusive ProTips for REZI, analysts expect the company to return to profitability this year.
In other recent news, Resideo Technologies reported robust financial results for the second quarter of 2025, surpassing expectations in both earnings and revenue. The company achieved an earnings per share of $0.66, exceeding the anticipated $0.54, which represents a 22.22% positive surprise. Revenue for the quarter reached $1.94 billion, surpassing the forecasted $1.83 billion. These results marked the strongest quarter of organic revenue growth for Resideo in 15 quarters. In addition to the earnings announcement, Morgan Stanley upgraded Resideo Technologies from Equalweight to Overweight, citing the company’s earnings potential. The firm raised its price target for Resideo to $35.00 from $24.00, indicating a potential 27% upside. This upgrade follows Resideo’s achievement of nine consecutive quarters of gross margin expansion in its Products & Solutions segment. These developments reflect continued investor interest and confidence in the company’s performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.