Resideo Technologies, Inc. $REZI Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC lessened its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 14.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,099,820 shares of the company’s stock after selling 184,424 shares during the period. Clearbridge Investments LLC owned approximately 0.73% of Resideo Technologies worth $38,626,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC boosted its position in Resideo Technologies by 283.8% during the third quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock worth $25,000 after purchasing an additional 420 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in Resideo Technologies during the fourth quarter worth $25,000. Danske Bank A S boosted its position in Resideo Technologies by 600.0% during the fourth quarter. Danske Bank A S now owns 700 shares of the company’s stock worth $25,000 after purchasing an additional 600 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Resideo Technologies by 128.4% during the third quarter. Jones Financial Companies Lllp now owns 934 shares of the company’s stock worth $39,000 after purchasing an additional 525 shares in the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in Resideo Technologies during the third quarter worth $45,000. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Resideo Technologies Stock Up 2.9%

Shares of NYSE:REZI opened at $30.94 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 2.07 and a debt-to-equity ratio of 1.30. Resideo Technologies, Inc. has a 52-week low of $20.41 and a 52-week high of $45.29. The stock’s fifty day simple moving average is $34.91 and its 200-day simple moving average is $35.17. The company has a market capitalization of $4.69 billion, a P/E ratio of -8.06 and a beta of 1.64.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the business earned $0.63 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. 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, equities research analysts forecast that Resideo Technologies, Inc. will post 2.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

REZI has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a research report on Tuesday, April 21st. Morgan Stanley boosted their target price on Resideo Technologies from $42.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Finally, Oppenheimer reiterated an “outperform” rating on shares of Resideo Technologies in a research report on Friday, March 13th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $49.00.

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.