Resideo Technologies beat earnings estimates, saw insider buying, and reported revenue growth in November 2023.

Resideo Technologies reported stronger-than-expected earnings on November 5, with $0.89 EPS exceeding estimates by $0.18, and revenue of $1.86 billion, up 2% year-over-year. The company, which offers smart home products like thermostats and security systems, saw insider buying totaling $53.2 million in the last three months, including purchases by Channel Holdings II LP and Director Andrew C. Teich. Institutional investor Principal Financial Group reduced its stake by 10.2%, while Hantz Financial Services increased its holding by 149.3%. The stock, trading at $36.38 with a market cap of $5.45 billion, has a negative P/E ratio and a consensus "Hold" rating with a target of $34.67.