State of New Jersey Common Pension Fund D Decreases Stake in Resideo Technologies, Inc. $REZI

State of New Jersey Common Pension Fund D lowered its position in Resideo Technologies, Inc. (NYSE:REZI) by 5.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 93,332 shares of the company’s stock after selling 5,874 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.06% of Resideo Technologies worth $2,059,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Resideo Technologies during the 2nd quarter valued at about $613,000. Tweedy Browne Co LLC purchased a new position in Resideo Technologies during the 2nd quarter valued at about $429,000. Clayton Dubilier & Rice LLC purchased a new position in Resideo Technologies during the 2nd quarter valued at about $127,290,000. Allianz Asset Management GmbH grew its holdings in Resideo Technologies by 653.9% during the 2nd quarter. Allianz Asset Management GmbH now owns 82,051 shares of the company’s stock valued at $1,810,000 after buying an additional 71,167 shares in the last quarter. Finally, Yousif Capital Management LLC grew its holdings in Resideo Technologies by 2.0% during the 2nd quarter. Yousif Capital Management LLC now owns 59,646 shares of the company’s stock valued at $1,316,000 after buying an additional 1,156 shares in the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, major shareholder Channel Holdings Ii L.P. Cd&R bought 228,573 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was bought at an average price of $33.63 per share, for a total transaction of $7,686,909.99. Following the transaction, the insider directly owned 13,270,734 shares of the company’s stock, valued at $446,294,784.42. This represents a 1.75% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nina Richardson sold 3,333 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $34.55, for a total value of $115,155.15. Following the completion of the sale, the director owned 60,675 shares of the company’s stock, valued at $2,096,321.25. The trade was a 5.21% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders bought 3,067,774 shares of company stock worth $94,106,585 and sold 86,231 shares worth $2,709,742. 1.50% of the stock is currently owned by corporate insiders.

Resideo Technologies Stock Performance

Shares of REZI opened at $43.60 on Thursday. The company has a market cap of $6.49 billion, a PE ratio of -7.99 and a beta of 2.23. The company has a current ratio of 1.00, a quick ratio of 0.63 and a debt-to-equity ratio of 0.93. The stock has a 50-day moving average price of $39.52 and a 200-day moving average price of $28.25. Resideo Technologies, Inc. has a 12-month low of $14.18 and a 12-month high of $45.29.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.12. The firm had revenue of $1.94 billion during 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%.The company’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter last year, the company 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. As a group, equities analysts forecast that Resideo Technologies, Inc. will post 2.13 earnings per share for the current fiscal year.

Resideo Technologies 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.