State of New Jersey Common Pension Fund D Sells 5,874 Shares of Resideo Technologies, Inc. $REZI

State of New Jersey Common Pension Fund D decreased its position in Resideo Technologies, Inc. (NYSE:REZI) by 5.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,332 shares of the company’s stock after selling 5,874 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Resideo Technologies were worth $2,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in Resideo Technologies by 2.6% in the first quarter. Principal Financial Group Inc. now owns 794,943 shares of the company’s stock valued at $14,070,000 after purchasing an additional 20,301 shares during the last quarter. Intech Investment Management LLC lifted its position in Resideo Technologies by 26.3% in the first quarter. Intech Investment Management LLC now owns 156,847 shares of the company’s stock valued at $2,776,000 after purchasing an additional 32,672 shares during the last quarter. Petrus Trust Company LTA bought a new stake in Resideo Technologies in the first quarter valued at approximately $240,000. Natixis Advisors LLC lifted its position in Resideo Technologies by 2.6% in the first quarter. Natixis Advisors LLC now owns 227,759 shares of the company’s stock valued at $4,031,000 after purchasing an additional 5,674 shares during the last quarter. Finally, Clayton Dubilier & Rice LLC bought a new stake in Resideo Technologies in the second quarter valued at approximately $127,290,000. Institutional investors own 91.71% of the company’s stock.

Resideo Technologies Price Performance

REZI opened at $43.60 on Thursday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.63 and a current ratio of 1.00. Resideo Technologies, Inc. has a 52-week low of $14.18 and a 52-week high of $45.29. The stock has a market capitalization of $6.49 billion, a PE ratio of -7.99 and a beta of 2.23. The stock’s 50 day moving average price is $39.52 and its 200-day moving average price is $28.25.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on REZI. Oppenheimer boosted their price objective on Resideo Technologies from $35.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, September 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a research report on Wednesday, October 8th. Morgan Stanley upgraded Resideo Technologies from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $24.00 to $35.00 in a research report on Tuesday, August 12th. Finally, Zacks Research upgraded Resideo Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.67.

Insider Buying and Selling

In other news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 228,573 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was acquired at an average price of $33.63 per share, for a total transaction of $7,686,909.99. Following the completion of the acquisition, the insider owned 13,270,734 shares in the company, valued at $446,294,784.42. This trade represents a 1.75% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nina Richardson sold 3,333 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $34.55, for a total value of $115,155.15. Following the completion of the transaction, the director owned 60,675 shares of the company’s stock, valued at approximately $2,096,321.25. This trade represents a 5.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have bought 3,067,774 shares of company stock valued at $94,106,585 and have sold 86,231 shares valued at $2,709,742. 1.50% of the stock is owned by insiders.

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.