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

Shares of Resideo Technologies, Inc. (NYSE:REZI) have received an average recommendation of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One 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 twelve-month price target among brokers that have issued ratings on the stock in the last year is $39.6667.

A number of research analysts recently weighed in on REZI shares. Morgan Stanley lifted their target price on Resideo Technologies from $42.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Oppenheimer reiterated an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st.

Resideo Technologies Price Performance

Shares of Resideo Technologies stock opened at $29.89 on Wednesday. Resideo Technologies has a twelve month low of $20.06 and a twelve month high of $45.29. The stock has a market capitalization of $4.53 billion, a P/E ratio of -7.78 and a beta of 1.75. The company has a current ratio of 2.07, a quick ratio of 1.19 and a debt-to-equity ratio of 1.30. The business’s fifty day moving average price is $35.60 and its 200 day moving average price is $35.18.

Resideo Technologies (NYSE:REZI) last issued its earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. Resideo Technologies had a positive return on equity of 16.70% and a negative net margin of 6.71%.The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the firm earned $0.63 earnings per share. The firm’s revenue for the quarter 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. As a group, research analysts anticipate that Resideo Technologies will post 2.63 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of REZI. Clayton Dubilier & Rice LLC lifted its stake in shares of Resideo Technologies by 130.3% during the third quarter. Clayton Dubilier & Rice LLC now owns 13,286,384 shares of the company’s stock worth $573,706,000 after purchasing an additional 7,516,233 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Resideo Technologies by 1,325.0% during the third quarter. Franklin Resources Inc. now owns 1,888,665 shares of the company’s stock worth $81,553,000 after purchasing an additional 1,756,131 shares in the last quarter. Sachem Head Capital Management LP acquired a new position in shares of Resideo Technologies during the fourth quarter worth about $57,070,000. Norges Bank acquired a new position in shares of Resideo Technologies during the fourth quarter worth about $56,059,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Resideo Technologies by 365.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,966,157 shares of the company’s stock worth $84,899,000 after purchasing an additional 1,543,952 shares in the last quarter. Institutional investors and hedge funds 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.