First Trust Advisors LP Has $7.89 Million Stock Holdings in Resideo Technologies, Inc. $REZI

First Trust Advisors LP grew its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 11.2% in the 1st quarter, HoldingsChannel reports. The firm owned 234,202 shares of the company’s stock after acquiring an additional 23,680 shares during the quarter. First Trust Advisors LP’s holdings in Resideo Technologies were worth $7,895,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Franklin Resources Inc. increased its stake in Resideo Technologies by 1,325.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,888,665 shares of the company’s stock worth $81,553,000 after purchasing an additional 1,756,131 shares in the last quarter. Clayton Dubilier & Rice LLC lifted its stake in Resideo Technologies by 12.7% during the fourth quarter. Clayton Dubilier & Rice LLC now owns 14,976,142 shares of the company’s stock valued at $525,962,000 after buying an additional 1,689,758 shares in the last quarter. Sachem Head Capital Management LP acquired a new position in shares of Resideo Technologies in the fourth quarter worth about $57,070,000. Norges Bank acquired a new position in shares of Resideo Technologies in the fourth quarter worth about $56,059,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Resideo Technologies by 365.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,966,157 shares of the company’s stock worth $84,899,000 after acquiring an additional 1,543,952 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

Analyst Ratings Changes

REZI has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a report on Friday, July 17th. Zacks Research lowered 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 shares of Resideo Technologies in a research note on Wednesday, July 1st. They set a “buy” rating and a $55.00 target price on the stock. Finally, Morgan Stanley reduced their target price on Resideo Technologies from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $46.50.

Resideo Technologies Trading Down 1.3%

NYSE:REZI opened at $34.27 on Friday. The stock has a market cap of $5.19 billion, a PE ratio of -8.92 and a beta of 1.64. Resideo Technologies, Inc. has a fifty-two week low of $25.10 and a fifty-two week high of $45.29. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.07 and a quick ratio of 1.19. The stock’s 50-day moving average is $32.37 and its two-hundred day moving average is $34.74.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.65 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the company posted $0.63 earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. 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 forecast that Resideo Technologies, Inc. will post 2.81 earnings per share for the current fiscal year.

Resideo Technologies Profile

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.