Brokerages Set Resideo Technologies, Inc. (NYSE:REZI) Target Price at $34.67

Resideo Technologies, Inc. (NYSE:REZI) has received a consensus rating of “Hold” from the five ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $34.6667.

REZI has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Resideo Technologies from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Zacks Research downgraded shares of Resideo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Thursday.

Insider Buying and Selling at Resideo Technologies

In related news, Director Andrew C. Teich bought 8,149 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was purchased at an average cost of $30.68 per share, for a total transaction of $250,011.32. Following the transaction, the director owned 340,621 shares in the company, valued at $10,450,252.28. The trade was a 2.45% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Channel Holdings Ii L.P. Cd&R purchased 566,758 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was bought 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 of the company’s stock, valued at $476,042,855.44. This trade represents a 3.94% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 1,697,907 shares of company stock valued at $53,222,621 over the last ninety days. Insiders own 1.50% of the company’s stock.

Institutional Trading of Resideo Technologies

Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its holdings in shares of Resideo Technologies by 108.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 140,886 shares of the company’s stock valued at $3,108,000 after purchasing an additional 73,261 shares during the last quarter. CSM Advisors LLC acquired a new stake in Resideo Technologies in the second quarter valued at approximately $3,819,000. Clayton Dubilier & Rice LLC acquired a new stake in Resideo Technologies in the second quarter valued at approximately $127,290,000. Vise Technologies Inc. bought a new stake in shares of Resideo Technologies during the second quarter worth $258,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Resideo Technologies by 11.2% during the second quarter. JPMorgan Chase & Co. now owns 1,000,366 shares of the company’s stock worth $22,068,000 after buying an additional 100,477 shares in the last quarter. 91.71% of the stock is owned by institutional investors and hedge funds.

Resideo Technologies Stock Down 2.5%

Shares of NYSE:REZI opened at $36.11 on Thursday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.07 and a current ratio of 1.88. The company has a 50 day moving average price of $34.81 and a two-hundred day moving average price of $34.79. 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 $5.41 billion, a PE ratio of -7.72 and a beta of 1.71.

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. Resideo Technologies had a positive return on equity of 14.96% and a negative net margin of 8.85%.The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the firm earned $0.58 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. 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. Analysts forecast that Resideo Technologies will post 2.13 earnings per share for the current year.

About Resideo Technologies

Resideo Technologies, Inc, headquartered in Austin, Texas, is a global provider of home comfort, security and energy management solutions. Formed as an independent company in 2018 following its spin-off from Honeywell, Resideo leverages decades of engineering experience to deliver connected products and services to residential and light commercial customers.

The company’s core offerings include smart thermostats, security systems, video doorbells, water leak and freeze detection devices, and indoor air quality monitors.