Teacher Retirement System of Texas Has $1.31 Million Stake in Resideo Technologies, Inc. $REZI

Teacher Retirement System of Texas decreased its position in shares of Resideo Technologies, Inc. (NYSE:REZI) by 16.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,443 shares of the company’s stock after selling 11,702 shares during the quarter. Teacher Retirement System of Texas’ holdings in Resideo Technologies were worth $1,311,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc lifted its holdings in 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 buying an additional 2,416 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Resideo Technologies in the 1st quarter valued at about $65,000. GAMMA Investing LLC increased its position in Resideo Technologies by 74.5% in the 2nd quarter. GAMMA Investing LLC now owns 5,393 shares of the company’s stock valued at $119,000 after buying an additional 2,302 shares in the last quarter. Blue Trust Inc. increased its position in Resideo Technologies by 113.0% in the 2nd quarter. Blue Trust Inc. now owns 6,101 shares of the company’s stock valued at $135,000 after buying an additional 3,237 shares in the last quarter. Finally, CWM LLC boosted its stake in Resideo Technologies by 132.7% during 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 during the last quarter. 91.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Resideo Technologies

In related news, major shareholder Channel Holdings Ii L.P. Cd&R purchased 457,508 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The stock was bought at an average cost of $27.34 per share, with a total value of $12,508,268.72. Following the completion of the purchase, the insider directly owned 11,138,815 shares in the company, valued at approximately $304,535,202.10. This represents a 4.28% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, 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 currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on REZI shares. Oppenheimer lifted their price target 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 raised shares of Resideo Technologies from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $24.00 to $35.00 in a report on Tuesday, August 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a report on Wednesday, October 8th. Finally, Zacks Research raised shares of Resideo Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.67.

Resideo Technologies Stock Performance

NYSE REZI opened at $41.02 on Thursday. The company has a quick ratio of 0.63, a current ratio of 1.00 and a debt-to-equity ratio of 0.93. The company has a 50-day simple moving average of $40.35 and a two-hundred day simple moving average of $29.19. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of -7.51 and a beta of 2.22. Resideo Technologies, Inc. has a 12-month low of $14.18 and a 12-month high of $45.29.

Resideo Technologies (NYSE:REZI) last posted its earnings results on Wednesday, November 5th. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.18. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.88 billion. Resideo Technologies had a negative net margin of 10.52% and a positive return on equity of 12.55%. Resideo Technologies’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 earnings per share. Resideo Technologies has set its FY 2025 guidance at 2.570-2.670 EPS. Q4 2025 guidance at 0.420-0.520 EPS. On average, equities analysts forecast that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

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.