Resideo SVP Joshua Foster Buys 15,317 Shares

Resideo Technologies (NYSE:REZI) SVP, Joshua Peter Foster, acquired 15,317 shares of common stock on August 14, 2026, as disclosed in a recent SEC Form 4 filing. This transaction, valued at $331,856 based on the weighted average purchase price of $20.58 per share, occurred during a period when Resideo's stock price was $20.50, following an 8% decline over the prior 12 months.

Foster's purchase was facilitated through multiple direct transactions at prices between $20.44 and $20.63, resulting in the mentioned weighted average. Following the purchase, the insider's total beneficial ownership stands at approximately 184,000 shares, which equates to roughly 0.08% of the company's outstanding equity.

Resideo Technologies is headquartered in Scottsdale and generates an annual revenue of $7.7 billion, with a net income of $379 million. The company specializes in developing, manufacturing, and distributing comfort, energy management, and security solutions for residential and commercial clients across the United States, Europe, and international markets.

In a strategic move, Resideo recently completed a spin-off of ADI Global Distribution, which is intended to enable the company to concentrate on its core smart home and building automation solutions.

This insider buying, especially after the spin-off, suggests Foster's confidence in Resideo's future prospects. Despite Resideo's stock price falling 17.6% over the past year, it has underperformed the S&P 500, which rose by 18.9% over the same period. The company's forward-looking strategy has attracted attention, as 75% of the four analysts covering Resideo rate it a buy, with price targets ranging from $27 to $35, indicating potential gains of 40.3% to 81.9%.

However, it's worth noting that Resideo Technologies is not among the 10 stocks recommended by The Motley Fool Stock Advisor for long-term growth potential.