Resideo Technologies, Inc. (NYSE:REZI) Receives Average Rating of “Hold” from Analysts

Shares of Resideo Technologies, Inc. (NYSE:REZI) have earned an average recommendation of “Hold” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $34.6667.

Several research analysts have recently weighed in on REZI shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a report on Wednesday, October 8th. Oppenheimer upped their target price on shares of Resideo Technologies from $35.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, September 19th. Wall Street Zen cut Resideo Technologies from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Zacks Research lowered Resideo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th.

Resideo Technologies Price Performance

Shares of REZI opened at $36.00 on Friday. The stock has a market cap of $5.39 billion, a P/E ratio of -7.69 and a beta of 1.74. Resideo Technologies has a 1 year low of $14.18 and a 1 year high of $45.29. The stock’s 50-day moving average price is $35.73 and its two-hundred day moving average price is $32.79. The company has a current ratio of 1.88, a quick ratio of 1.07 and a debt-to-equity ratio of 1.38.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.89 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the business posted $0.58 EPS. The firm’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 and its Q4 2025 guidance at 0.420-0.520 EPS. On average, equities analysts predict 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 Resideo Technologies stock in a transaction on Monday, November 10th. The stock was purchased at an average price of $30.68 per share, with a total value of $250,011.32. Following the transaction, the director directly 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 document filed with the SEC, which can be accessed through this link. Also, major shareholder Channel Holdings Ii L.P. Cd&R purchased 566,758 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were acquired at an average cost of $31.82 per share, with a total value of $18,034,239.56. Following the completion of the purchase, the insider directly owned 14,960,492 shares in the company, valued at approximately $476,042,855.44. This represents a 3.94% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 1,697,907 shares of company stock worth $53,222,621 in the last 90 days. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Resideo Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in REZI. Larson Financial Group LLC boosted its holdings in shares of Resideo Technologies by 283.8% in the 3rd quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock valued at $25,000 after buying an additional 420 shares during the last quarter. ORG Partners LLC raised its position in Resideo Technologies by 588.2% during the third quarter. ORG Partners LLC now owns 585 shares of the company’s stock worth $25,000 after acquiring an additional 500 shares in the last quarter. Cullen Frost Bankers Inc. raised its position in Resideo Technologies by 1,778.8% during the third quarter. Cullen Frost Bankers Inc. now owns 620 shares of the company’s stock worth $27,000 after acquiring an additional 587 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Resideo Technologies by 128.4% in the third quarter. Jones Financial Companies Lllp now owns 934 shares of the company’s stock valued at $39,000 after acquiring an additional 525 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in Resideo Technologies in the third quarter valued at $43,000. Institutional investors own 91.71% of the company’s stock.

Resideo Technologies Company Profile

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.