Counterpoint Mutual Funds LLC Takes Position in Resideo Technologies, Inc. $REZI

Counterpoint Mutual Funds LLC acquired a new position in Resideo Technologies, Inc. (NYSE:REZI) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 24,886 shares of the company’s stock, valued at approximately $839,000.

Several other large investors have also recently modified their holdings of REZI. Alpha Wave Global LP acquired a new position in Resideo Technologies during the 3rd quarter valued at about $8,811,000. Hudson Bay Capital Management LP acquired a new stake in Resideo Technologies in the third quarter worth about $3,022,000. Swedbank AB boosted its holdings in Resideo Technologies by 121.5% in the fourth quarter. Swedbank AB now owns 2,346,919 shares of the company’s stock worth $82,424,000 after acquiring an additional 1,287,162 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Resideo Technologies by 17.7% during the third quarter. JPMorgan Chase & Co. now owns 1,177,769 shares of the company’s stock worth $50,856,000 after acquiring an additional 177,403 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Resideo Technologies by 1,345.4% during the fourth quarter. SG Americas Securities LLC now owns 259,310 shares of the company’s stock worth $9,107,000 after acquiring an additional 241,370 shares during the last quarter. Institutional investors own 91.71% of the company’s stock.

Resideo Technologies Stock Performance

Shares of REZI stock opened at $30.65 on Friday. The business has a fifty day moving average of $32.75 and a 200 day moving average of $34.89. Resideo Technologies, Inc. has a 1 year low of $22.93 and a 1 year high of $45.29. 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 capitalization of $4.64 billion, a price-to-earnings ratio of -7.98 and a beta of 1.64.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.04. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.87 billion. Resideo Technologies had a positive return on equity of 16.70% and a negative net margin of 6.71%.The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. As a group, research analysts expect that Resideo Technologies, Inc. will post 2.81 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on REZI shares. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st. Oppenheimer reiterated an “outperform” rating on shares of Resideo Technologies in a research note on Friday, March 13th. Finally, Seaport Research Partners initiated coverage on shares of Resideo Technologies in a research report on Wednesday. They set a “buy” rating and a $55.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.