Swedbank AB Acquires 1,287,162 Shares of Resideo Technologies, Inc. $REZI

Swedbank AB boosted its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 121.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,346,919 shares of the company’s stock after acquiring an additional 1,287,162 shares during the quarter. Swedbank AB owned 1.57% of Resideo Technologies worth $82,424,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Resideo Technologies by 274.7% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 83,892 shares of the company’s stock valued at $3,622,000 after acquiring an additional 61,504 shares during the period. Clayton Dubilier & Rice LLC boosted its holdings in Resideo Technologies by 130.3% during the 3rd quarter. Clayton Dubilier & Rice LLC now owns 13,286,384 shares of the company’s stock valued at $573,706,000 after acquiring an additional 7,516,233 shares during the period. Alpha Wave Global LP purchased a new stake in Resideo Technologies in the 3rd quarter worth approximately $8,811,000. Hudson Bay Capital Management LP purchased a new stake in Resideo Technologies in the 3rd quarter worth approximately $3,022,000. Finally, Fisher Asset Management LLC lifted its holdings in Resideo Technologies by 4.2% in the 3rd quarter. Fisher Asset Management LLC now owns 1,090,528 shares of the company’s stock worth $47,089,000 after buying an additional 44,206 shares during the period. 91.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on REZI. Morgan Stanley increased their price objective on Resideo Technologies from $42.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st. Finally, Oppenheimer reiterated an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $39.67.

Resideo Technologies Stock Down 0.6%

Shares of NYSE:REZI opened at $28.83 on Friday. Resideo Technologies, Inc. has a 52-week low of $19.65 and a 52-week high of $45.29. The firm has a market capitalization of $4.37 billion, a P/E ratio of -7.51 and a beta of 1.75. The stock has a 50 day moving average price of $35.76 and a 200-day moving average price of $35.40. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.19 and a current ratio of 2.07.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. Resideo Technologies had a positive return on equity of 16.70% and a negative net margin of 6.71%.The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the company earned $0.63 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Resideo Technologies has set its FY 2026 guidance at 3.000-3.200 EPS and its Q2 2026 guidance at 0.710-0.750 EPS. As a group, equities research analysts anticipate that Resideo Technologies, Inc. will post 2.63 EPS for the current fiscal year.

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.