Resideo Technologies, Inc. $REZI Shares Acquired by Beaconlight Capital LLC

Beaconlight Capital LLC grew its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 7.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 693,311 shares of the company’s stock after buying an additional 48,283 shares during the period. Resideo Technologies accounts for about 14.2% of Beaconlight Capital LLC’s holdings, making the stock its 2nd biggest holding. Beaconlight Capital LLC owned 0.46% of Resideo Technologies worth $24,349,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Larson Financial Group LLC raised its position in shares of Resideo Technologies by 283.8% in the third quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock valued at $25,000 after buying an additional 420 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Resideo Technologies in the fourth quarter valued at about $25,000. Danske Bank A S raised its position in shares of Resideo Technologies by 600.0% in the fourth quarter. Danske Bank A S now owns 700 shares of the company’s stock valued at $25,000 after buying an additional 600 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Resideo Technologies by 128.4% in the third quarter. Jones Financial Companies Lllp now owns 934 shares of the company’s stock valued at $39,000 after buying an additional 525 shares during the last quarter. Finally, McMillan Office Inc. acquired a new stake in shares of Resideo Technologies in the fourth quarter valued at about $33,000. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Resideo Technologies Trading Down 5.5%

Shares of REZI stock opened at $30.46 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.07 and a quick ratio of 1.19. The firm has a market cap of $4.61 billion, a PE ratio of -7.93 and a beta of 1.64. The company has a 50-day moving average of $34.55 and a two-hundred day moving average of $35.16. Resideo Technologies, Inc. has a 1-year low of $20.75 and a 1-year high of $45.29.

Resideo Technologies (NYSE:REZI) last announced its earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.04. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates 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 quarter last 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. On average, analysts predict that Resideo Technologies, Inc. will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

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

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.