Atom Investors LP Boosts Holdings in Resideo Technologies, Inc. $REZI

Atom Investors LP increased its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 427.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 135,557 shares of the company’s stock after buying an additional 109,846 shares during the period. Atom Investors LP owned about 0.09% of Resideo Technologies worth $4,761,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new stake in Resideo Technologies during the fourth quarter worth about $25,000. Danske Bank A S increased its holdings 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 buying an additional 600 shares during the last quarter. Larson Financial Group LLC increased its holdings 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 buying an additional 420 shares during the last quarter. McMillan Office Inc. purchased a new stake in Resideo Technologies during the fourth quarter worth about $33,000. Finally, Kestra Advisory Services LLC purchased a new stake in Resideo Technologies during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Oppenheimer reiterated an “outperform” rating on shares of Resideo Technologies in a research report on Friday, March 13th. Morgan Stanley increased 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. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $49.00.

Resideo Technologies Price Performance

REZI stock opened at $32.24 on Wednesday. The firm has a 50 day moving average of $34.64 and a 200-day moving average of $35.18. The company has a current ratio of 2.07, a quick ratio of 1.19 and a debt-to-equity ratio of 1.30. Resideo Technologies, Inc. has a 12 month low of $20.75 and a 12 month high of $45.29. The firm has a market capitalization of $4.88 billion, a P/E ratio of -8.40 and a beta of 1.64.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. Resideo Technologies had a negative net margin of 6.71% and a positive return on equity of 16.70%. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the business earned $0.63 earnings per share. Resideo Technologies’s revenue 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, sell-side analysts predict that Resideo Technologies, Inc. will post 2.63 earnings per share for the current fiscal 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.