Louisiana State Employees Retirement System Takes Position in Resideo Technologies, Inc. $REZI

Louisiana State Employees Retirement System purchased a new stake in Resideo Technologies, Inc. (NYSE:REZI) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 61,100 shares of the company’s stock, valued at approximately $2,060,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Alpha Wave Global LP acquired a new position in shares of Resideo Technologies during the 3rd quarter valued at about $8,811,000. Fisher Asset Management LLC raised its stake in Resideo Technologies by 4.2% during the third quarter. Fisher Asset Management LLC now owns 1,090,528 shares of the company’s stock worth $47,089,000 after purchasing an additional 44,206 shares during the period. Hudson Bay Capital Management LP acquired a new position in Resideo Technologies in the 3rd quarter valued at about $3,022,000. Swedbank AB boosted 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 valued at $82,424,000 after purchasing an additional 1,287,162 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Resideo Technologies by 17.7% during 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 during the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Resideo Technologies Stock Up 3.0%

NYSE:REZI opened at $31.10 on Wednesday. Resideo Technologies, Inc. has a 52 week low of $21.81 and a 52 week high of $45.29. The stock’s fifty day moving average is $33.31 and its two-hundred day moving average is $35.00. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of -8.10 and a beta of 1.64. The company has a quick ratio of 1.19, a current ratio of 2.07 and a debt-to-equity ratio of 1.30.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. Resideo Technologies had a positive return on equity of 16.70% and a negative net margin of 6.71%.The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. 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 anticipate that Resideo Technologies, Inc. will post 2.63 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Resideo Technologies Company 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.