Resideo Technologies, Inc. $REZI Stock Holdings Decreased by Boston Partners

Boston Partners lowered its position in shares of Resideo Technologies, Inc. (NYSE:REZI) by 14.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,477,343 shares of the company’s stock after selling 1,477,076 shares during the quarter. Boston Partners owned 5.70% of Resideo Technologies worth $187,190,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Amalgamated Bank grew its position in Resideo Technologies by 1.0% during the 2nd quarter. Amalgamated Bank now owns 42,164 shares of the company’s stock worth $930,000 after purchasing an additional 415 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of Resideo Technologies by 4.3% in the second quarter. QRG Capital Management Inc. now owns 10,565 shares of the company’s stock worth $233,000 after buying an additional 437 shares during the period. Hsbc Holdings PLC grew its holdings in shares of Resideo Technologies by 2.5% during the first quarter. Hsbc Holdings PLC now owns 23,372 shares of the company’s stock valued at $412,000 after buying an additional 578 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in Resideo Technologies by 0.4% during the second quarter. Robeco Institutional Asset Management B.V. now owns 162,259 shares of the company’s stock valued at $3,579,000 after buying an additional 625 shares during the period. Finally, Maryland State Retirement & Pension System lifted its stake in Resideo Technologies by 1.7% in the 2nd quarter. Maryland State Retirement & Pension System now owns 43,643 shares of the company’s stock worth $963,000 after acquiring an additional 742 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

Insider Buying and Selling at Resideo Technologies

In related news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 566,758 shares of the stock in a transaction dated Thursday, November 13th. The shares were acquired at an average price of $31.82 per share, with a total value of $18,034,239.56. Following the acquisition, the insider owned 14,960,492 shares in the company, valued at approximately $476,042,855.44. The trade was a 3.94% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andrew C. Teich acquired 29,460 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was 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 in the company, valued at $11,307,372.72. This represents a 9.72% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 2,135,940 shares of company stock worth $67,950,465 over the last three months. Company insiders own 1.50% of the company’s stock.

Resideo Technologies Trading Up 4.0%

NYSE:REZI opened at $33.08 on Thursday. The company has a market capitalization of $4.95 billion, a P/E ratio of -7.07 and a beta of 2.22. The stock’s 50 day moving average price is $38.77 and its 200 day moving average price is $30.63. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.07 and a current ratio of 1.88. Resideo Technologies, Inc. has a 52 week low of $14.18 and a 52 week 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 (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the company earned $0.58 earnings per share. The company’s revenue 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, research analysts forecast that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on REZI shares. Zacks Research cut Resideo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Resideo Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Morgan Stanley upgraded shares of Resideo Technologies from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $24.00 to $35.00 in a research report on Tuesday, August 12th. Finally, Oppenheimer boosted their price target on shares of Resideo Technologies from $35.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, September 19th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Resideo Technologies has an average rating of “Hold” and an average target price of $34.67.

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.