Arrowstreet Capital Limited Partnership Buys 71,092 Shares of Resideo Technologies, Inc. $REZI

Arrowstreet Capital Limited Partnership grew its stake in Resideo Technologies, Inc. (NYSE:REZI) by 3.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 2,069,509 shares of the company’s stock after buying an additional 71,092 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Resideo Technologies were worth $69,763,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in REZI. Clayton Dubilier & Rice LLC increased its stake in shares of Resideo Technologies by 12.7% in the fourth quarter. Clayton Dubilier & Rice LLC now owns 14,976,142 shares of the company’s stock worth $525,962,000 after purchasing an additional 1,689,758 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Resideo Technologies by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,787,434 shares of the company’s stock worth $262,505,000 after buying an additional 64,613 shares in the last quarter. Franklin Resources Inc. increased its stake in Resideo Technologies by 51.4% in the 4th quarter. Franklin Resources Inc. now owns 2,860,308 shares of the company’s stock worth $100,454,000 after buying an additional 971,643 shares in the last quarter. Swedbank AB raised its holdings in Resideo Technologies by 13.6% during the first quarter. Swedbank AB now owns 2,665,123 shares of the company’s stock valued at $89,841,000 after acquiring an additional 318,204 shares during the period. Finally, Locust Wood Capital Advisers LLC lifted its position in shares of Resideo Technologies by 124.6% in the fourth quarter. Locust Wood Capital Advisers LLC now owns 2,649,691 shares of the company’s stock valued at $93,057,000 after acquiring an additional 1,470,077 shares in the last quarter. Institutional investors own 91.71% of the company’s stock.

Resideo Technologies Stock Performance

NYSE REZI opened at $34.57 on Monday. 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, Inc. has a 1-year low of $24.15 and a 1-year high of $45.29. The business has a 50 day simple moving average of $31.68 and a two-hundred day simple moving average of $34.76. The stock has a market capitalization of $5.24 billion, a PE ratio of -9.00 and a beta of 1.64.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.04. The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm 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. On average, research analysts predict that Resideo Technologies, Inc. will post 2.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on REZI. Seaport Research Partners assumed coverage on Resideo Technologies in a research note on Wednesday, July 1st. They issued a “buy” rating and a $55.00 price objective for the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Resideo Technologies in a report on Friday, July 17th. Morgan Stanley dropped their price target on Resideo Technologies from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. Finally, Zacks Research downgraded Resideo Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $46.50.

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.