Resideo Technologies, Inc. $REZI Shares Purchased by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC raised its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 20.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,206 shares of the company’s stock after purchasing an additional 7,116 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Resideo Technologies were worth $909,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Resideo Technologies during the 2nd quarter valued at approximately $613,000. Tweedy Browne Co LLC bought a new position in Resideo Technologies during the 2nd quarter worth approximately $429,000. Clayton Dubilier & Rice LLC bought a new position in Resideo Technologies during the 2nd quarter worth approximately $127,290,000. Allianz Asset Management GmbH lifted its holdings in Resideo Technologies by 653.9% during the 2nd quarter. Allianz Asset Management GmbH now owns 82,051 shares of the company’s stock worth $1,810,000 after buying an additional 71,167 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in Resideo Technologies by 2.0% during the 2nd quarter. Yousif Capital Management LLC now owns 59,646 shares of the company’s stock worth $1,316,000 after buying an additional 1,156 shares during the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

Insider Activity at Resideo Technologies

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R bought 228,573 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were purchased at an average cost of $33.63 per share, for a total transaction of $7,686,909.99. Following the transaction, the insider directly owned 13,270,734 shares in the company, valued at $446,294,784.42. The trade was a 1.75% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew C. Teich bought 29,460 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was acquired at an average price of $34.01 per share, for a total transaction of $1,001,934.60. Following the completion of the transaction, the director owned 332,472 shares in the company, valued at $11,307,372.72. This trade represents a 9.72% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 3,067,774 shares of company stock worth $94,106,585 and have sold 133,231 shares worth $4,025,742. 1.50% of the stock is owned by insiders.

Resideo Technologies Trading Up 2.5%

Shares of NYSE REZI opened at $44.54 on Monday. The company has a market cap of $6.63 billion, a price-to-earnings ratio of -8.16 and a beta of 2.23. Resideo Technologies, Inc. has a 12-month low of $14.18 and a 12-month high of $45.13. The company has a current ratio of 1.00, a quick ratio of 0.63 and a debt-to-equity ratio of 0.93. The stock’s 50 day simple moving average is $38.81 and its 200 day simple moving average is $27.66.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.12. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.83 billion. Resideo Technologies had a positive return on equity of 12.55% and a negative net margin of 10.52%.The business’s revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the business posted $0.62 EPS. Resideo Technologies has set its FY 2025 guidance at 2.750-2.870 EPS. Q3 2025 guidance at 0.700-0.760 EPS. Equities research analysts expect that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Zacks Research raised Resideo Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. Morgan Stanley raised Resideo Technologies from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $24.00 to $35.00 in a report on Tuesday, August 12th. Oppenheimer increased their target price on Resideo Technologies from $35.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, September 19th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.67.

About Resideo Technologies

Resideo Technologies, Inc develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution.