Thomas A. Surran, President and CEO at RESIDEO TECHNOLOGIES, INC. (REZI), bought 15,000 shares at $20.46 ($307K) on 2026-08-14, disclosed to the SEC on 2026-08-17.
RESIDEO Technologies CEO Thomas A. Surran purchased 15,000 shares for $306,900, marking the largest insider purchase in the company's history. This move comes as the stock faces volatility following a spin-off and mixed earnings results.
The stock is down 12.19% from its 52-week high of $45.29 and up 26.74% over the past year, trading at $39.77. The recent 19.3% drop on August 16 followed the company's announcement of a standalone full-year outlook.
1) Q2 2026 earnings on August 12 beat revenue and EPS estimates by 2.45% and 22.06% respectively. 2) The company spun off ADI Global Distribution on August 3, a major event that has reset analyst fair value estimates to $39.25. 3) The next earnings date is not yet scheduled.
1) The stock dropped 19.3% on August 16 after the company initiated a standalone full-year outlook that removed the ADI Global Distribution business. 2) Analyst fair value estimates have been cut from $49.33 to $39.25 following the spin-off and updated guidance.
Something here stands out, but not much.
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