Fifth Third Bancorp Acquires 83,311 Shares of Resideo Technologies, Inc. $REZI

Fifth Third Bancorp lifted its stake in Resideo Technologies, Inc. (NYSE:REZI) by 5,887.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,726 shares of the company’s stock after purchasing an additional 83,311 shares during the period. Fifth Third Bancorp’s holdings in Resideo Technologies were worth $2,856,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in shares of Resideo Technologies by 50.0% during the first quarter. Royal Bank of Canada now owns 49,395 shares of the company’s stock valued at $873,000 after acquiring an additional 16,467 shares in the last quarter. AQR Capital Management LLC grew its stake in Resideo Technologies by 58.9% in the first quarter. AQR Capital Management LLC now owns 122,734 shares of the company’s stock worth $2,172,000 after purchasing an additional 45,517 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Resideo Technologies by 7.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 126,161 shares of the company’s stock worth $2,233,000 after purchasing an additional 9,106 shares during the period. Millennium Management LLC increased its holdings in Resideo Technologies by 1,123.6% during the 1st quarter. Millennium Management LLC now owns 263,821 shares of the company’s stock worth $4,670,000 after purchasing an additional 242,260 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Resideo Technologies by 6.4% during 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 purchasing an additional 26,254 shares in the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Resideo Technologies Trading Down 0.6%

Shares of NYSE REZI opened at $35.61 on Tuesday. Resideo Technologies, Inc. has a 1-year low of $23.91 and a 1-year high of $45.29. The business has a fifty day moving average price of $31.44 and a 200 day moving average price of $34.79. The stock has a market capitalization of $5.39 billion, a P/E ratio of -9.27 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.

Resideo Technologies (NYSE:REZI) last posted its earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.04. The company 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 quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 expect that Resideo Technologies, Inc. will post 2.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on REZI shares. Seaport Research Partners assumed coverage on Resideo Technologies in a research report on Wednesday, July 1st. They set a “buy” rating and a $55.00 price target on the stock. Zacks Research lowered shares of Resideo Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st. Finally, Morgan Stanley cut their target price on shares of Resideo Technologies from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Two analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, Resideo Technologies currently has an average rating of “Hold” and an average target price of $46.50.

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.