Clearline Capital LP Takes Position in Resideo Technologies, Inc. $REZI

Clearline Capital LP acquired a new stake in Resideo Technologies, Inc. (NYSE:REZI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 244,434 shares of the company’s stock, valued at approximately $8,585,000. Clearline Capital LP owned 0.16% of Resideo Technologies as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of REZI. Smartleaf Asset Management LLC raised its position in shares of Resideo Technologies by 10.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,126 shares of the company’s stock worth $111,000 after purchasing an additional 306 shares during the period. Vise Technologies Inc. raised its position in shares of Resideo Technologies by 2.4% during the fourth quarter. Vise Technologies Inc. now owns 13,670 shares of the company’s stock worth $480,000 after purchasing an additional 315 shares during the period. Farther Finance Advisors LLC raised its position in shares of Resideo Technologies by 36.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,268 shares of the company’s stock worth $45,000 after purchasing an additional 342 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of Resideo Technologies by 6.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,929 shares of the company’s stock worth $208,000 after purchasing an additional 347 shares during the period. Finally, Sage Rhino Capital LLC raised its position in shares of Resideo Technologies by 6.6% during the fourth quarter. Sage Rhino Capital LLC now owns 6,589 shares of the company’s stock worth $231,000 after purchasing an additional 409 shares during the period. Institutional investors and hedge funds own 91.71% of the company’s stock.

Wall Street Analyst Weigh In

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

Resideo Technologies Stock Down 5.5%

NYSE:REZI opened at $30.46 on Thursday. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of -7.93 and a beta of 1.64. Resideo Technologies, Inc. has a 1-year low of $20.75 and a 1-year high of $45.29. The company has a current ratio of 2.07, a quick ratio of 1.19 and a debt-to-equity ratio of 1.30. The business’s fifty day moving average price is $34.55 and its 200 day moving average price is $35.16.

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 the consensus estimate of $0.61 by $0.04. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.63 earnings per share. 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, sell-side analysts forecast that Resideo Technologies, Inc. will post 2.63 earnings per share for the current fiscal year.

Resideo Technologies Company 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.