Resideo Technologies, Inc. (NYSE:REZI) Given Average Rating of “Hold” by Brokerages

Resideo Technologies, Inc. (NYSE:REZI) has been assigned an average recommendation of “Hold” from the five analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $34.6667.

REZI has been the subject of several recent research reports. Zacks Research cut Resideo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Oppenheimer lifted their price objective on Resideo Technologies from $35.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, September 19th. Wall Street Zen lowered Resideo Technologies from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Morgan Stanley upgraded Resideo Technologies from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $24.00 to $35.00 in a research report on Tuesday, August 12th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a research report on Wednesday, October 8th.

Resideo Technologies Trading Down 0.5%

REZI stock opened at $33.73 on Wednesday. Resideo Technologies has a 52 week low of $14.18 and a 52 week high of $45.29. The company has a market capitalization of $5.05 billion, a PE ratio of -7.21 and a beta of 1.74. The company’s 50-day simple moving average is $38.10 and its 200 day simple moving average is $31.04. 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 (NYSE:REZI) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.18. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Resideo Technologies had a negative net margin of 8.85% and a positive return on equity of 14.96%. The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.58 EPS. Resideo Technologies has set its FY 2025 guidance at 2.570-2.670 EPS and its Q4 2025 guidance at 0.420-0.520 EPS. As a group, sell-side analysts anticipate that Resideo Technologies will post 2.13 earnings per share for the current year.

Insider Activity at Resideo Technologies

In other news, Director Andrew C. Teich purchased 8,149 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was bought at an average price of $30.68 per share, with a total value of $250,011.32. Following the acquisition, the director owned 340,621 shares in the company, valued at approximately $10,450,252.28. The trade was a 2.45% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Channel Holdings Ii L.P. Cd&R purchased 566,758 shares of Resideo Technologies stock in a transaction that occurred on Thursday, November 13th. The shares were purchased at an average price of $31.82 per share, for a total transaction of $18,034,239.56. Following the transaction, the insider directly owned 14,960,492 shares in the company, valued at $476,042,855.44. This represents a 3.94% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 1,697,907 shares of company stock valued at $53,222,621 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Resideo Technologies

A number of institutional investors have recently modified their holdings of REZI. Clayton Dubilier & Rice LLC boosted its stake in Resideo Technologies by 130.3% in the third quarter. Clayton Dubilier & Rice LLC now owns 13,286,384 shares of the company’s stock valued at $573,706,000 after buying an additional 7,516,233 shares in the last quarter. Nuveen LLC bought a new position in shares of Resideo Technologies in the first quarter worth about $34,239,000. Norges Bank acquired a new stake in shares of Resideo Technologies in the 2nd quarter valued at approximately $40,374,000. Franklin Resources Inc. grew its holdings in shares of Resideo Technologies by 1,325.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,888,665 shares of the company’s stock valued at $81,553,000 after purchasing an additional 1,756,131 shares during the last quarter. Finally, Ophir Asset Management Pty Ltd bought a new stake in shares of Resideo Technologies during the 2nd quarter valued at approximately $35,419,000. Institutional investors and hedge funds 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.