Brant Point Investment Management LLC Sells 25,000 Shares of Resideo Technologies, Inc. $REZI

Brant Point Investment Management LLC cut its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 45.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,000 shares of the company’s stock after selling 25,000 shares during the quarter. Brant Point Investment Management LLC’s holdings in Resideo Technologies were worth $1,054,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of REZI. Royal Bank of Canada raised its holdings in shares of Resideo Technologies by 50.0% in the 1st quarter. Royal Bank of Canada now owns 49,395 shares of the company’s stock valued at $873,000 after purchasing an additional 16,467 shares during the period. AQR Capital Management LLC raised its holdings in shares of Resideo Technologies by 58.9% in the 1st quarter. AQR Capital Management LLC now owns 122,734 shares of the company’s stock valued at $2,172,000 after purchasing an additional 45,517 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Resideo Technologies by 7.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 126,161 shares of the company’s stock valued at $2,233,000 after purchasing an additional 9,106 shares during the period. Millennium Management LLC raised its holdings in shares of Resideo Technologies by 1,123.6% in the 1st quarter. Millennium Management LLC now owns 263,821 shares of the company’s stock valued at $4,670,000 after purchasing an additional 242,260 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Resideo Technologies by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 439,149 shares of the company’s stock valued at $7,773,000 after purchasing an additional 26,254 shares during the period. 91.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Resideo Technologies Trading Up 1.3%

Shares of REZI stock opened at $31.59 on Friday. The firm has a 50 day moving average price of $34.75 and a two-hundred day moving average price of $35.16. The company has a quick ratio of 1.19, a current ratio of 2.07 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $4.78 billion, a PE ratio of -8.23 and a beta of 1.64. Resideo Technologies, Inc. has a 12-month low of $20.41 and a 12-month high of $45.29.

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, topping the consensus estimate 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 negative net margin of 6.71% and a positive return on equity of 16.70%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the business 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. As a group, analysts predict that Resideo Technologies, Inc. will post 2.63 earnings per share for the current year.

Resideo Technologies 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.