Resideo Technologies, Inc. $REZI Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in Resideo Technologies, Inc. (NYSE:REZI) by 10.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,077 shares of the company’s stock after selling 2,325 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Resideo Technologies were worth $421,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc raised its position in shares of Resideo Technologies by 20,133.3% during the 1st quarter. IFP Advisors Inc now owns 2,428 shares of the company’s stock worth $43,000 after purchasing an additional 2,416 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Resideo Technologies during the 1st quarter worth approximately $65,000. GAMMA Investing LLC raised its holdings in shares of Resideo Technologies by 74.5% during the second quarter. GAMMA Investing LLC now owns 5,393 shares of the company’s stock valued at $119,000 after acquiring an additional 2,302 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Resideo Technologies by 113.0% in the second quarter. Blue Trust Inc. now owns 6,101 shares of the company’s stock valued at $135,000 after acquiring an additional 3,237 shares in the last quarter. Finally, CWM LLC lifted its holdings in Resideo Technologies by 132.7% in the 2nd quarter. CWM LLC now owns 6,963 shares of the company’s stock valued at $154,000 after purchasing an additional 3,971 shares in the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

Resideo Technologies Price Performance

NYSE:REZI opened at $43.75 on Wednesday. Resideo Technologies, Inc. has a 52 week low of $14.18 and a 52 week high of $45.29. The stock’s fifty day moving average is $39.28 and its two-hundred day moving average is $28.06. The company has a market capitalization of $6.51 billion, a P/E ratio of -8.01 and a beta of 2.23. The company has a quick ratio of 0.63, a current ratio of 1.00 and a debt-to-equity ratio of 0.93.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.12. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations 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 revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.62 EPS. Resideo Technologies has set its FY 2025 guidance at 2.750-2.870 EPS. Q3 2025 guidance at 0.700-0.760 EPS. Equities analysts expect that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

Analyst Ratings Changes

REZI has been the subject of a number of recent research reports. Oppenheimer increased their target price on shares of Resideo Technologies from $35.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, September 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a report on Wednesday, October 8th. Morgan Stanley upgraded Resideo Technologies from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $24.00 to $35.00 in a research report on Tuesday, August 12th. Finally, Zacks Research upgraded Resideo Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Resideo Technologies has an average rating of “Moderate Buy” and an average price target of $34.67.

Insider Buying and Selling at Resideo Technologies

In other news, Director Andrew C. Teich purchased 29,460 shares of the firm’s stock in a transaction on Friday, August 29th. The shares were bought at an average cost of $34.01 per share, for a total transaction of $1,001,934.60. Following the completion of the purchase, the director directly owned 332,472 shares of the company’s stock, valued at approximately $11,307,372.72. This trade represents a 9.72% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Channel Holdings Ii L.P. Cd&R purchased 228,573 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were acquired at an average price of $33.63 per share, for a total transaction of $7,686,909.99. Following the completion of the purchase, the insider directly owned 13,270,734 shares of the company’s stock, valued at approximately $446,294,784.42. This trade represents a 1.75% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 3,067,774 shares of company stock valued at $94,106,585 and have sold 86,231 shares valued at $2,709,742. 1.50% of the stock is owned by corporate insiders.

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.