Fox Run Management L.L.C. Takes $840,000 Position in Resideo Technologies, Inc. $REZI

Fox Run Management L.L.C. bought a new stake in shares of Resideo Technologies, Inc. (NYSE:REZI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 23,932 shares of the company’s stock, valued at approximately $840,000.

Other institutional investors also recently made changes to their positions in the company. Alpha Wave Global LP bought a new position in Resideo Technologies in the 3rd quarter worth approximately $8,811,000. Fisher Asset Management LLC grew its holdings in Resideo Technologies by 4.2% in the 3rd quarter. Fisher Asset Management LLC now owns 1,090,528 shares of the company’s stock worth $47,089,000 after buying an additional 44,206 shares in the last quarter. Hudson Bay Capital Management LP bought a new position in Resideo Technologies in the 3rd quarter worth approximately $3,022,000. Swedbank AB grew its holdings in Resideo Technologies by 121.5% in the 4th quarter. Swedbank AB now owns 2,346,919 shares of the company’s stock worth $82,424,000 after buying an additional 1,287,162 shares in the last quarter. Finally, JPMorgan Chase & Co. grew 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 worth $50,856,000 after buying an additional 177,403 shares in the last quarter. 91.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

REZI has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research report on Tuesday, April 21st. Morgan Stanley upped 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 restated 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 given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $49.00.

Resideo Technologies Stock Performance

REZI opened at $30.09 on Thursday. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of -7.84 and a beta of 1.64. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.07 and a quick ratio of 1.19. Resideo Technologies, Inc. has a 1-year low of $20.41 and a 1-year high of $45.29. The business has a 50 day moving average price of $34.86 and a two-hundred day moving average price of $35.18.

Resideo Technologies (NYSE:REZI) last released its earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.87 billion. Resideo Technologies had a positive return on equity of 16.70% and a negative net margin of 6.71%.The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.63 earnings per share. 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. Research analysts predict that Resideo Technologies, Inc. will post 2.63 EPS for the current fiscal 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.