Gabelli Funds LLC Trims Stock Position in Resideo Technologies, Inc. $REZI

Gabelli Funds LLC lessened its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 20.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 363,675 shares of the company’s stock after selling 92,355 shares during the period. Gabelli Funds LLC’s holdings in Resideo Technologies were worth $12,259,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership grew its position in Resideo Technologies by 3.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,069,509 shares of the company’s stock valued at $69,763,000 after buying an additional 71,092 shares during the period. Inceptionr LLC purchased a new stake in Resideo Technologies during the first quarter valued at approximately $220,000. Sei Investments Co. raised its position in Resideo Technologies by 20.7% in the first quarter. Sei Investments Co. now owns 125,903 shares of the company’s stock worth $4,244,000 after acquiring an additional 21,583 shares during the period. Lido Advisors LLC raised its position in Resideo Technologies by 7.7% in the first quarter. Lido Advisors LLC now owns 15,375 shares of the company’s stock worth $518,000 after acquiring an additional 1,104 shares during the period. Finally, State of Wyoming boosted its stake in shares of Resideo Technologies by 75.0% during the 1st quarter. State of Wyoming now owns 37,048 shares of the company’s stock worth $1,249,000 after acquiring an additional 15,882 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Resideo Technologies Price Performance

NYSE REZI opened at $34.57 on Monday. Resideo Technologies, Inc. has a 12 month low of $24.15 and a 12 month high of $45.29. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of -9.00 and a beta of 1.64. The company’s 50 day moving average is $31.68 and its two-hundred day moving average is $34.76. The company has a current ratio of 2.07, a quick ratio of 1.19 and a debt-to-equity ratio of 1.30.

Resideo Technologies (NYSE:REZI) last issued 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 negative net margin of 6.71% and a positive return on equity of 16.70%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. 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. As a group, research analysts anticipate that Resideo Technologies, Inc. will post 2.81 earnings per share for the current year.

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.