Analysts Set Resideo Technologies, Inc. (NYSE:REZI) Target Price at $34.67

Resideo Technologies, Inc. (NYSE:REZI) has been assigned an average recommendation of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $34.6667.

REZI has been the topic of several recent research reports. Morgan Stanley upgraded Resideo Technologies from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $24.00 to $35.00 in a research note on Tuesday, August 12th. Zacks Research downgraded Resideo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of Resideo Technologies in a research note on Wednesday, October 8th. Wall Street Zen lowered Resideo Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Oppenheimer upped their price target on shares of Resideo Technologies from $35.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, September 19th.

Resideo Technologies Stock Down 1.3%

NYSE:REZI opened at $33.82 on Wednesday. The firm’s 50-day moving average price is $37.70 and its 200-day moving average price is $31.32. The company has a market capitalization of $5.06 billion, a PE ratio of -7.23 and a beta of 1.74. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.88 and a quick ratio of 1.07. Resideo Technologies has a 1-year low of $14.18 and a 1-year high of $45.29.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.18. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Resideo Technologies had a negative net margin of 8.85% and a positive return on equity of 14.96%. Resideo Technologies’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the company posted $0.58 EPS. Resideo Technologies has set its FY 2025 guidance at 2.570-2.670 EPS and its Q4 2025 guidance at 0.420-0.520 EPS. On average, equities analysts predict that Resideo Technologies will post 2.13 EPS for the current fiscal year.

Insider Activity at Resideo Technologies

In other Resideo Technologies news, Director Andrew C. Teich acquired 8,149 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were acquired at an average cost of $30.68 per share, with a total value of $250,011.32. Following the transaction, the director owned 340,621 shares of the company’s stock, valued at $10,450,252.28. The trade was a 2.45% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Channel Holdings Ii L.P. Cd&R bought 566,758 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were acquired at an average price of $31.82 per share, for a total transaction of $18,034,239.56. Following the completion of the purchase, the insider owned 14,960,492 shares in the company, valued at approximately $476,042,855.44. The trade was a 3.94% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders bought 1,697,907 shares of company stock worth $53,222,621. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of REZI. Intech Investment Management LLC grew its stake in shares of Resideo Technologies by 26.3% in the first quarter. Intech Investment Management LLC now owns 156,847 shares of the company’s stock worth $2,776,000 after acquiring an additional 32,672 shares during the period. Petrus Trust Company LTA bought a new stake in Resideo Technologies in the 1st quarter worth approximately $240,000. Clayton Dubilier & Rice LLC bought a new stake in Resideo Technologies in the 2nd quarter worth approximately $127,290,000. CSM Advisors LLC purchased a new stake in Resideo Technologies during the 2nd quarter valued at $3,819,000. Finally, Vise Technologies Inc. bought a new position in shares of Resideo Technologies during the 2nd quarter valued at $258,000. 91.71% of the stock is owned by institutional investors.

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.