Franklin Resources Inc. Purchases 971,643 Shares of Resideo Technologies, Inc. $REZI

Franklin Resources Inc. grew its position in Resideo Technologies, Inc. (NYSE:REZI) by 51.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,860,308 shares of the company’s stock after purchasing an additional 971,643 shares during the period. Franklin Resources Inc. owned approximately 1.91% of Resideo Technologies worth $100,454,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of REZI. Clayton Dubilier & Rice LLC lifted its holdings 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 valued at $525,962,000 after purchasing an additional 1,689,758 shares in the last quarter. Norges Bank bought a new stake in shares of Resideo Technologies in the fourth quarter valued at about $56,059,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Resideo Technologies by 365.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,966,157 shares of the company’s stock valued at $84,899,000 after purchasing an additional 1,543,952 shares in the last quarter. Locust Wood Capital Advisers LLC lifted its holdings 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 purchasing an additional 1,470,077 shares in the last quarter. Finally, Swedbank AB lifted its holdings in shares of Resideo Technologies by 121.5% in the fourth quarter. Swedbank AB now owns 2,346,919 shares of the company’s stock valued at $82,424,000 after purchasing an additional 1,287,162 shares in the last quarter. 91.71% of the stock is currently owned by institutional investors.

Resideo Technologies Stock Performance

REZI opened at $30.09 on Thursday. Resideo Technologies, Inc. has a 52-week low of $20.41 and a 52-week high of $45.29. The firm has a market capitalization of $4.56 billion, a PE ratio of -7.84 and a beta of 1.64. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.19 and a current ratio of 2.07. The business’s 50-day simple moving average is $34.86 and its 200 day simple moving average is $35.18.

Resideo Technologies (NYSE:REZI) last released its earnings results 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 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%.Resideo Technologies’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $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, sell-side analysts expect that Resideo Technologies, Inc. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

REZI has been the topic of a number of research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st. Oppenheimer restated an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Finally, Morgan Stanley upped their target price on Resideo Technologies from $42.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.