10,650 Shares in Resideo Technologies, Inc. $REZI Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC bought a new stake in shares of Resideo Technologies, Inc. (NYSE:REZI) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 10,650 shares of the company’s stock, valued at approximately $256,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Harbor Capital Advisors Inc. boosted its stake in shares of Resideo Technologies by 8.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 35,480 shares of the company’s stock valued at $783,000 after buying an additional 2,647 shares during the last quarter. Strs Ohio purchased a new position in shares of Resideo Technologies during the 1st quarter valued at approximately $770,000. Intech Investment Management LLC boosted its stake in shares of Resideo Technologies by 26.3% during the 1st quarter. Intech Investment Management LLC now owns 156,847 shares of the company’s stock valued at $2,776,000 after buying an additional 32,672 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Resideo Technologies by 37.1% during the 1st quarter. Jane Street Group LLC now owns 169,033 shares of the company’s stock valued at $2,992,000 after buying an additional 45,779 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Resideo Technologies by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 439,149 shares of the company’s stock valued at $7,773,000 after buying an additional 26,254 shares during the last quarter. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Resideo Technologies

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R purchased 4,477,919 shares of the stock in a transaction dated Friday, July 25th. The shares were bought at an average cost of $22.33 per share, with a total value of $99,991,931.27. Following the completion of the acquisition, the insider owned 10,232,420 shares of the company’s stock, valued at approximately $228,489,938.60. This trade represents a 77.82% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders acquired 7,545,693 shares of company stock worth $194,098,517 and sold 133,231 shares worth $4,025,742. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on REZI. Oppenheimer increased their target price on Resideo Technologies from $35.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, September 19th. Morgan Stanley upgraded Resideo Technologies from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $24.00 to $35.00 in a research note on Tuesday, August 12th. Zacks Research upgraded Resideo Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.67.

Resideo Technologies Price Performance

Shares of NYSE REZI opened at $42.12 on Friday. The firm has a market capitalization of $6.27 billion, a PE ratio of -7.71 and a beta of 2.23. 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 1-year low of $14.18 and a 1-year high of $43.96. The business’s fifty day moving average price is $35.92 and its two-hundred day moving average price is $25.63.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.66 EPS 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 analyst estimates of $1.83 billion. Resideo Technologies had a positive return on equity of 12.55% and a negative net margin of 10.52%.The company’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period last 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. On average, research analysts expect that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

About Resideo Technologies

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.