Resideo Technologies, Inc. $REZI Shares Bought by Locust Wood Capital Advisers LLC

Locust Wood Capital Advisers LLC boosted its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 124.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,649,691 shares of the company’s stock after buying an additional 1,470,077 shares during the period. Resideo Technologies accounts for 2.2% of Locust Wood Capital Advisers LLC’s investment portfolio, making the stock its 20th largest position. Locust Wood Capital Advisers LLC owned 1.77% of Resideo Technologies worth $93,057,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Clayton Dubilier & Rice LLC boosted 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 worth $525,962,000 after buying an additional 1,689,758 shares during the last quarter. Swedbank AB boosted its stake in Resideo Technologies by 121.5% during the fourth quarter. Swedbank AB now owns 2,346,919 shares of the company’s stock worth $82,424,000 after buying an additional 1,287,162 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake 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 buying an additional 1,543,952 shares during the last quarter. Franklin Resources Inc. raised its position in Resideo Technologies by 1,325.0% in the third quarter. Franklin Resources Inc. now owns 1,888,665 shares of the company’s stock valued at $81,553,000 after purchasing an additional 1,756,131 shares during the period. Finally, Norges Bank purchased a new stake in Resideo Technologies in the fourth quarter valued at $56,059,000. Institutional investors and hedge funds own 91.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on REZI. Morgan Stanley lifted their target price on Resideo Technologies from $42.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research report on Tuesday, April 21st. Finally, Oppenheimer restated an “outperform” rating on shares of Resideo Technologies in a research report on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $49.00.

Resideo Technologies Stock Performance

NYSE REZI opened at $31.22 on Monday. The company has a market cap of $4.73 billion, a P/E ratio of -8.13 and a beta of 1.64. 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 has a 50-day moving average of $35.04 and a two-hundred day moving average of $35.15. Resideo Technologies, Inc. has a 1-year low of $20.41 and a 1-year high of $45.29.

Resideo Technologies (NYSE:REZI) last released its earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.04. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.87 billion. Resideo Technologies had a positive return on equity of 16.70% and a negative net margin of 6.71%.Resideo Technologies’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.63 EPS. 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, analysts anticipate that Resideo Technologies, Inc. will post 2.63 EPS for the current 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.