Deutsche Bank AG Lowers Position in Resideo Technologies, Inc. $REZI

Deutsche Bank AG decreased its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 9.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 123,204 shares of the company’s stock after selling 12,573 shares during the quarter. Deutsche Bank AG owned about 0.08% of Resideo Technologies worth $2,181,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in Resideo Technologies by 2.6% during the first quarter. Principal Financial Group Inc. now owns 794,943 shares of the company’s stock valued at $14,070,000 after buying an additional 20,301 shares during the last quarter. GAMMA Investing LLC raised its stake in Resideo Technologies by 1,296.4% during the first quarter. GAMMA Investing LLC now owns 54,711 shares of the company’s stock valued at $968,000 after buying an additional 50,793 shares during the last quarter. Natixis Advisors LLC raised its stake in Resideo Technologies by 2.6% during the first quarter. Natixis Advisors LLC now owns 227,759 shares of the company’s stock valued at $4,031,000 after buying an additional 5,674 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Resideo Technologies by 1,261.2% during the first quarter. Exchange Traded Concepts LLC now owns 7,160 shares of the company’s stock valued at $127,000 after buying an additional 6,634 shares during the last quarter. Finally, Sterling Capital Management LLC raised its stake in Resideo Technologies by 705.9% during the fourth quarter. Sterling Capital Management LLC now owns 4,755 shares of the company’s stock valued at $110,000 after buying an additional 4,165 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Resideo Technologies from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, June 3rd. Oppenheimer upgraded Resideo Technologies from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 30th. Finally, Morgan Stanley raised Resideo Technologies from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $24.00 to $35.00 in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

Resideo Technologies Stock Performance

Shares of REZI opened at $32.0950 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.00 and a quick ratio of 0.63. Resideo Technologies, Inc. has a one year low of $14.18 and a one year high of $33.03. The firm has a market capitalization of $4.77 billion, a P/E ratio of -5.88 and a beta of 2.16. The business has a fifty day moving average of $25.00 and a 200 day moving average of $20.96.

Resideo Technologies (NYSE:REZI) last posted its earnings results on Tuesday, August 5th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.12. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.83 billion. Resideo Technologies had a positive return on equity of 12.55% and a negative net margin of 10.52%.Resideo Technologies’s revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 earnings per share. Resideo Technologies has set its FY 2025 guidance at 2.750-2.870 EPS. Q3 2025 guidance at 0.700-0.760 EPS. As a group, sell-side analysts anticipate that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

Insider Transactions at Resideo Technologies

In other Resideo Technologies news, insider Robert B. Aarnes sold 47,000 shares of the firm’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $28.00, for a total value of $1,316,000.00. Following the transaction, the insider directly owned 503,692 shares of the company’s stock, valued at approximately $14,103,376. This trade represents a 8.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jay L. Geldmacher sold 47,500 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $31.29, for a total value of $1,486,275.00. Following the completion of the transaction, the chief executive officer directly owned 519,689 shares in the company, valued at $16,261,068.81. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders acquired 6,378,066 shares of company stock valued at $155,873,011 and sold 132,688 shares valued at $3,976,654. Insiders own 1.50% of the company’s stock.

Resideo Technologies Company Profile

Resideo Technologies, Inc develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution.