Segall Bryant & Hamill LLC Boosts Stake in Resideo Technologies, Inc. $REZI

Segall Bryant & Hamill LLC grew its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 11.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 154,156 shares of the company’s stock after acquiring an additional 16,226 shares during the period. Segall Bryant & Hamill LLC’s holdings in Resideo Technologies were worth $5,197,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Swedbank AB raised its position in Resideo Technologies by 121.5% in the fourth quarter. Swedbank AB now owns 2,346,919 shares of the company’s stock worth $82,424,000 after acquiring an additional 1,287,162 shares during the period. Hsbc Holdings PLC increased its position in 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 purchasing an additional 44,135 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Resideo Technologies during the first quarter valued at approximately $1,497,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Resideo Technologies in the fourth quarter valued at $18,645,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Resideo Technologies by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,787,434 shares of the company’s stock worth $262,505,000 after acquiring an additional 64,613 shares during the last quarter. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on REZI. Seaport Research Partners assumed coverage on shares of Resideo Technologies in a report on Wednesday, July 1st. They set a “buy” rating and a $55.00 target price on the stock. Morgan Stanley lowered their price target on shares of Resideo Technologies from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Zacks Research cut Resideo Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, Resideo Technologies has a consensus rating of “Hold” and a consensus price target of $46.50.

Resideo Technologies Stock Performance

Shares of REZI opened at $36.16 on Tuesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.19 and a current ratio of 2.07. The stock has a 50-day simple moving average of $32.52 and a 200-day simple moving average of $34.71. The stock has a market capitalization of $5.48 billion, a PE ratio of -9.42 and a beta of 1.63. Resideo Technologies, Inc. has a 1 year low of $25.10 and a 1 year high of $45.29.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the firm earned $0.63 earnings per share. Resideo Technologies’s quarterly revenue 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. On average, analysts predict that Resideo Technologies, Inc. will post 2.81 earnings per share 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.