Raymond James Financial Inc. Sells 817 Shares of Resideo Technologies, Inc. $REZI

Raymond James Financial Inc. trimmed its position in Resideo Technologies, Inc. (NYSE:REZI) by 0.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 255,736 shares of the company’s stock after selling 817 shares during the quarter. Raymond James Financial Inc. owned approximately 0.17% of Resideo Technologies worth $4,527,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Steph & Co. raised its stake in Resideo Technologies by 6.9% in the first quarter. Steph & Co. now owns 12,209 shares of the company’s stock valued at $216,000 after buying an additional 787 shares during the period. Versant Capital Management Inc raised its stake in Resideo Technologies by 52.1% in the 1st quarter. Versant Capital Management Inc now owns 3,174 shares of the company’s stock valued at $56,000 after acquiring an additional 1,087 shares during the period. Nilsine Partners LLC raised its stake in Resideo Technologies by 8.0% in the 1st quarter. Nilsine Partners LLC now owns 16,858 shares of the company’s stock valued at $298,000 after acquiring an additional 1,251 shares during the period. Vestcor Inc raised its stake in Resideo Technologies by 4.9% in the 1st quarter. Vestcor Inc now owns 38,877 shares of the company’s stock valued at $688,000 after acquiring an additional 1,800 shares during the period. Finally, Illinois Municipal Retirement Fund raised its stake in Resideo Technologies by 2.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 82,017 shares of the company’s stock valued at $1,452,000 after acquiring an additional 2,344 shares during the period. Institutional investors own 91.71% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 4,477,919 shares of the stock in a transaction on Friday, July 25th. The shares were purchased at an average price of $22.33 per share, for a total transaction of $99,991,931.27. Following the purchase, the insider directly owned 10,232,420 shares in the company, valued at approximately $228,489,938.60. The trade was a 77.82% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders acquired 7,545,693 shares of company stock worth $194,098,517 and sold 136,021 shares worth $4,091,809. 1.50% of the stock is currently owned by company insiders.

Resideo Technologies Price Performance

NYSE:REZI opened at $35.77 on Friday. Resideo Technologies, Inc. has a 52 week low of $14.18 and a 52 week high of $35.99. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of -6.55 and a beta of 2.24. The firm’s 50-day simple moving average is $28.07 and its 200 day simple moving average is $21.98. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.63 and a current ratio of 1.00.

Resideo Technologies (NYSE:REZI) last announced its earnings results on Tuesday, August 5th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.54 by $0.12. Resideo Technologies had a negative net margin of 10.52% and a positive return on equity of 12.55%. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the firm earned $0.62 earnings per share. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. 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 predict that Resideo Technologies, Inc. will post 2.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.