Resideo Technologies, Inc. (NYSE:REZI) Given Average Recommendation of “Hold” by Brokerages

Shares of Resideo Technologies, Inc. (NYSE:REZI) have received a consensus recommendation of “Hold” from the five brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $34.6667.

REZI has been the topic of a number of recent research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a report on Wednesday, October 8th. Wall Street Zen cut Resideo Technologies from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Zacks Research downgraded Resideo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th.

Resideo Technologies Trading Up 1.8%

REZI opened at $36.50 on Thursday. The stock has a market capitalization of $5.46 billion, a P/E ratio of -7.80 and a beta of 1.71. Resideo Technologies has a 12 month low of $14.18 and a 12 month high of $45.29. The firm’s fifty day simple moving average is $34.62 and its 200 day simple moving average is $34.61. The company has a current ratio of 1.88, a quick ratio of 1.07 and a debt-to-equity ratio of 1.38.

Resideo Technologies (NYSE:REZI) last released its earnings results on Wednesday, November 5th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.18. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Resideo Technologies had a positive return on equity of 14.96% and a negative net margin of 8.85%.The company’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. As a group, research analysts anticipate that Resideo Technologies will post 2.13 EPS for the current fiscal year.

Insider Activity at Resideo Technologies

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

Institutional Investors Weigh In On Resideo Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Clayton Dubilier & Rice LLC grew its holdings in Resideo Technologies by 130.3% during the third quarter. Clayton Dubilier & Rice LLC now owns 13,286,384 shares of the company’s stock worth $573,706,000 after purchasing an additional 7,516,233 shares during the period. Norges Bank acquired a new stake in shares of Resideo Technologies in the second quarter valued at approximately $40,374,000. Franklin Resources Inc. boosted its stake in shares of Resideo Technologies by 1,325.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,888,665 shares of the company’s stock worth $81,553,000 after acquiring an additional 1,756,131 shares during the period. Ophir Asset Management Pty Ltd acquired a new position in shares of Resideo Technologies during the 2nd quarter worth approximately $35,419,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in Resideo Technologies by 365.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,966,157 shares of the company’s stock worth $84,899,000 after purchasing an additional 1,543,952 shares during the period. 91.71% of the stock is owned by institutional investors.

About Resideo Technologies

Resideo Technologies, Inc, headquartered in Austin, Texas, is a global provider of home comfort, security and energy management solutions. Formed as an independent company in 2018 following its spin-off from Honeywell, Resideo leverages decades of engineering experience to deliver connected products and services to residential and light commercial customers.

The company’s core offerings include smart thermostats, security systems, video doorbells, water leak and freeze detection devices, and indoor air quality monitors.