Resideo Technologies, Inc. $REZI Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its stake in Resideo Technologies, Inc. (NYSE:REZI) by 17.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 147,286 shares of the company’s stock after selling 30,771 shares during the period. New York State Teachers Retirement System owned 0.10% of Resideo Technologies worth $4,965,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of REZI. Royal Bank of Canada increased its holdings in Resideo Technologies by 50.0% in the first quarter. Royal Bank of Canada now owns 49,395 shares of the company’s stock valued at $873,000 after buying an additional 16,467 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Resideo Technologies by 58.9% during the 1st quarter. AQR Capital Management LLC now owns 122,734 shares of the company’s stock worth $2,172,000 after buying an additional 45,517 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 worth $2,233,000 after acquiring an additional 9,106 shares in the last quarter. Millennium Management LLC increased 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 acquiring an additional 242,260 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased 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 acquiring an additional 26,254 shares during the last quarter. Institutional investors own 91.71% of the company’s stock.

Analyst Upgrades and Downgrades

REZI has been the topic of several research analyst reports. Seaport Research Partners began coverage on Resideo Technologies in a research note on Wednesday, July 1st. They set a “buy” rating and a $55.00 price objective on the stock. Oppenheimer reissued an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.00.

Resideo Technologies Trading Down 2.3%

NYSE:REZI opened at $31.69 on Thursday. Resideo Technologies, Inc. has a 12-month low of $22.93 and a 12-month high of $45.29. The firm has a market capitalization of $4.80 billion, a P/E ratio of -8.25 and a beta of 1.64. 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 business has a 50 day simple moving average of $32.23 and a 200 day simple moving average of $34.82.

Resideo Technologies (NYSE:REZI) last issued 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 firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.87 billion. Resideo Technologies had a positive return on equity of 16.70% and a negative net margin of 6.71%.The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the company earned $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. Equities research analysts predict that Resideo Technologies, Inc. will post 2.81 EPS 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.