Resideo Technologies, Inc. (NYSE:REZI) Receives $34.67 Average PT from Analysts

Shares of Resideo Technologies, Inc. (NYSE:REZI) have earned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $34.6667.

Several research analysts recently weighed in on the stock. Morgan Stanley upgraded shares of Resideo Technologies from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $24.00 to $35.00 in a report on Tuesday, August 12th. Zacks Research raised shares of Resideo Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Wednesday, October 8th. Oppenheimer increased their price target on Resideo Technologies from $35.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, September 19th. Finally, Wall Street Zen lowered Resideo Technologies from a “buy” rating to a “hold” rating in a report on Saturday.

Resideo Technologies Trading Down 1.6%

NYSE REZI opened at $30.60 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.07 and a debt-to-equity ratio of 1.38. The business has a fifty day simple moving average of $40.17 and a 200 day simple moving average of $29.61. Resideo Technologies has a 12 month low of $14.18 and a 12 month high of $45.29. The firm has a market capitalization of $4.58 billion, a P/E ratio of -6.54 and a beta of 2.22.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.18. Resideo Technologies had a negative net margin of 8.85% and a positive return on equity of 14.96%. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the firm earned $0.58 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. 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, analysts predict that Resideo Technologies will post 2.13 EPS for the current fiscal year.

Insider Transactions at Resideo Technologies

In related news, major shareholder Channel Holdings Ii L.P. Cd&R purchased 228,573 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were bought at an average cost of $33.63 per share, with a total value of $7,686,909.99. Following the acquisition, the insider owned 13,270,734 shares of the company’s stock, valued at $446,294,784.42. This represents a 1.75% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Andrew C. Teich acquired 29,460 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were bought at an average price of $34.01 per share, with a total value of $1,001,934.60. Following the acquisition, the director directly owned 332,472 shares of the company’s stock, valued at $11,307,372.72. The trade was a 9.72% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 1,821,651 shares of company stock worth $58,897,065 in the last ninety days. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Resideo Technologies

Hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised its stake in shares of Resideo Technologies by 2.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,912 shares of the company’s stock valued at $455,000 after buying an additional 262 shares during the period. CWM LLC grew its stake in shares of Resideo Technologies by 4.3% during the 3rd quarter. CWM LLC now owns 7,263 shares of the company’s stock worth $314,000 after acquiring an additional 300 shares during the period. Amalgamated Bank increased its holdings in Resideo Technologies by 1.0% in the 2nd quarter. Amalgamated Bank now owns 42,164 shares of the company’s stock worth $930,000 after acquiring an additional 415 shares during the last quarter. QRG Capital Management Inc. raised its stake in Resideo Technologies by 4.3% in the 2nd quarter. QRG Capital Management Inc. now owns 10,565 shares of the company’s stock valued at $233,000 after acquiring an additional 437 shares during the period. Finally, ORG Partners LLC raised its stake in Resideo Technologies by 588.2% in the 3rd quarter. ORG Partners LLC now owns 585 shares of the company’s stock valued at $25,000 after acquiring an additional 500 shares during the period. Institutional investors own 91.71% of the company’s stock.

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.