Fisher Asset Management LLC Has $37.66 Million Position in Resideo Technologies, Inc. $REZI

Fisher Asset Management LLC reduced its stake in Resideo Technologies, Inc. (NYSE:REZI) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,072,331 shares of the company’s stock after selling 18,197 shares during the period. Fisher Asset Management LLC owned about 0.72% of Resideo Technologies worth $37,660,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Resideo Technologies by 274.7% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 83,892 shares of the company’s stock valued at $3,622,000 after purchasing an additional 61,504 shares in the last quarter. Clayton Dubilier & Rice LLC raised its holdings in Resideo Technologies by 130.3% in the 3rd 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 during the last quarter. Alpha Wave Global LP bought a new position in Resideo Technologies in the 3rd quarter valued at approximately $8,811,000. Hudson Bay Capital Management LP bought a new position in Resideo Technologies in the 3rd quarter valued at approximately $3,022,000. Finally, JPMorgan Chase & Co. raised its holdings in Resideo Technologies by 17.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,177,769 shares of the company’s stock valued at $50,856,000 after buying an additional 177,403 shares during the last quarter. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

REZI has been the subject of a number of research reports. Oppenheimer reiterated an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Morgan Stanley raised their price objective on shares of Resideo Technologies from $42.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $39.67.

Resideo Technologies Stock Up 3.9%

Resideo Technologies stock opened at $29.89 on Wednesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.19 and a current ratio of 2.07. Resideo Technologies, Inc. has a 52-week low of $20.06 and a 52-week high of $45.29. The firm has a 50 day moving average price of $35.60 and a two-hundred day moving average price of $35.18. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of -7.78 and a beta of 1.75.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.04. Resideo Technologies had a negative net margin of 6.71% and a positive return on equity of 16.70%. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the business earned $0.63 EPS. The company’s revenue was up 8.0% compared to the same quarter last year. Resideo Technologies has set its FY 2026 guidance at 3.000-3.200 EPS and its Q2 2026 guidance at 0.710-0.750 EPS. Equities analysts predict that Resideo Technologies, Inc. will post 2.63 EPS 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.