Analysts Set Resideo Technologies, Inc. (NYSE:REZI) Price Target at $46.50

Shares of Resideo Technologies, Inc. (NYSE:REZI) have been given an average recommendation of “Hold” by the four ratings firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $46.50.

Several research firms have recently commented on REZI. Zacks Research downgraded shares of Resideo Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 9th. Seaport Research Partners began coverage on Resideo Technologies in a research note on Wednesday, July 1st. They issued a “buy” rating and a $55.00 target price for the company. Morgan Stanley lowered their price target on Resideo Technologies from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Friday, July 17th.

Institutional Investors Weigh In On Resideo Technologies

A number of large investors have recently bought and sold shares of the company. Swedbank AB lifted its stake in Resideo Technologies by 121.5% during the 4th quarter. Swedbank AB now owns 2,346,919 shares of the company’s stock valued at $82,424,000 after acquiring an additional 1,287,162 shares during the period. Hsbc Holdings PLC increased its stake in shares of Resideo Technologies by 659.0% in the first quarter. Hsbc Holdings PLC now owns 50,832 shares of the company’s stock worth $1,706,000 after acquiring an additional 44,135 shares during the period. SG Americas Securities LLC increased its stake in shares of Resideo Technologies by 1,345.4% in the fourth quarter. SG Americas Securities LLC now owns 259,310 shares of the company’s stock worth $9,107,000 after acquiring an additional 241,370 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in shares of Resideo Technologies during the fourth quarter worth $18,645,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Resideo Technologies by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 7,787,434 shares of the company’s stock worth $262,505,000 after purchasing an additional 64,613 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Resideo Technologies Stock Performance

REZI opened at $34.27 on Friday. The company has a market cap of $5.19 billion, a P/E ratio of -8.92 and a beta of 1.64. The company has a quick ratio of 1.19, a current ratio of 2.07 and a debt-to-equity ratio of 1.30. The firm’s 50-day moving average price is $32.37 and its 200-day moving average price is $34.74. Resideo Technologies has a 52-week low of $25.10 and a 52-week high of $45.29.

Resideo Technologies (NYSE:REZI) last released its earnings results on Tuesday, May 12th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. Resideo Technologies had a negative net margin of 6.71% and a positive return on equity of 16.70%. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the business earned $0.63 EPS. Resideo Technologies’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 analysts anticipate that Resideo Technologies will post 2.81 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.