Alta Fox Capital Management LLC Invests $44.49 Million in Resideo Technologies, Inc. $REZI

Alta Fox Capital Management LLC bought a new position in shares of Resideo Technologies, Inc. (NYSE:REZI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,266,700 shares of the company’s stock, valued at approximately $44,487,000. Resideo Technologies comprises about 9.6% of Alta Fox Capital Management LLC’s portfolio, making the stock its 6th largest holding. Alta Fox Capital Management LLC owned 0.85% of Resideo Technologies at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Larson Financial Group LLC grew its position in shares of 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 acquiring an additional 420 shares during the last quarter. Sound Income Strategies LLC purchased a new position in shares of Resideo Technologies during the fourth quarter worth approximately $25,000. Danske Bank A S grew its position in shares of 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 acquiring an additional 600 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of 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 acquiring an additional 525 shares during the last quarter. Finally, McMillan Office Inc. purchased a new position in shares of Resideo Technologies during the fourth quarter worth approximately $33,000. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Resideo Technologies Stock Performance

Shares of REZI opened at $31.59 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.19 and a current ratio of 2.07. The stock has a market capitalization of $4.78 billion, a P/E ratio of -8.23 and a beta of 1.64. The company’s fifty day moving average is $34.75 and its two-hundred day moving average is $35.16. Resideo Technologies, Inc. has a 1 year low of $20.41 and a 1 year high of $45.29.

Resideo Technologies (NYSE:REZI) last announced 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. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Resideo Technologies had a negative net margin of 6.71% and a positive return on equity of 16.70%. Resideo Technologies’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.63 EPS. 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. On average, sell-side analysts predict that Resideo Technologies, Inc. will post 2.63 earnings per share 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.