Geode Capital Management LLC Has $111.13 Million Position in Resideo Technologies, Inc. $REZI

Geode Capital Management LLC lowered its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,163,673 shares of the company’s stock after selling 108,879 shares during the quarter. Geode Capital Management LLC owned about 2.11% of Resideo Technologies worth $111,126,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Larson Financial Group LLC grew its position in Resideo Technologies by 283.8% in the 3rd quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock valued at $25,000 after purchasing an additional 420 shares during the period. Sound Income Strategies LLC acquired a new stake in Resideo Technologies in the 4th quarter valued at $25,000. Danske Bank A S grew its position in Resideo Technologies by 600.0% in the 4th quarter. Danske Bank A S now owns 700 shares of the company’s stock valued at $25,000 after purchasing an additional 600 shares during the period. Jones Financial Companies Lllp grew its position in Resideo Technologies by 128.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 934 shares of the company’s stock valued at $39,000 after purchasing an additional 525 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new stake in Resideo Technologies in the 3rd quarter valued at $43,000. Institutional investors and hedge funds own 91.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on REZI shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Resideo Technologies in a research report on Tuesday, April 21st. Oppenheimer reaffirmed an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Finally, Morgan Stanley lifted their price objective on shares of Resideo Technologies from $42.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $49.00.

Resideo Technologies Price Performance

REZI opened at $31.22 on Friday. 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 company has a market capitalization of $4.73 billion, a price-to-earnings ratio of -8.13 and a beta of 1.64. The firm’s fifty day moving average price is $35.04 and its two-hundred day moving average price is $35.12. Resideo Technologies, Inc. has a 1 year low of $20.41 and a 1 year high of $45.29.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The firm 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 business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous 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. As a group, analysts anticipate that Resideo Technologies, Inc. will post 2.63 earnings per share for the current fiscal 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.