BI Asset Management Fondsmaeglerselskab A S Acquires New Position in Resideo Technologies, Inc. $REZI

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Resideo Technologies, Inc. (NYSE:REZI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 108,591 shares of the company’s stock, valued at approximately $3,814,000.

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

Resideo Technologies Trading Up 0.0%

NYSE REZI opened at $31.22 on Monday. The company has a quick ratio of 1.19, a current ratio of 2.07 and a debt-to-equity ratio of 1.30. Resideo Technologies, Inc. has a twelve month low of $20.41 and a twelve month high of $45.29. The firm has a market capitalization of $4.73 billion, a PE ratio of -8.13 and a beta of 1.64. The stock’s 50 day moving average is $35.04 and its 200 day moving average is $35.15.

Resideo Technologies (NYSE:REZI) last released its earnings results on Tuesday, May 12th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.61 by $0.04. Resideo Technologies had a positive return on equity of 16.70% and a negative net margin of 6.71%.The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. 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. Research analysts forecast that Resideo Technologies, Inc. will post 2.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

REZI has been the topic of several research analyst reports. Morgan Stanley boosted their target price on Resideo Technologies from $42.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research report on Tuesday, April 21st. Finally, Oppenheimer restated an “outperform” rating on shares of Resideo Technologies in a research report on Friday, March 13th. Two 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 company. Based on data from MarketBeat, Resideo Technologies has an average rating of “Hold” and a consensus price target of $49.00.

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.