Pembroke Management LTD Raises Stake in Resideo Technologies, Inc. $REZI

Pembroke Management LTD increased its stake in Resideo Technologies, Inc. (NYSE:REZI) by 54.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,161,191 shares of the company’s stock after purchasing an additional 408,826 shares during the quarter. Resideo Technologies accounts for 3.1% of Pembroke Management LTD’s investment portfolio, making the stock its 11th largest position. Pembroke Management LTD owned approximately 0.78% of Resideo Technologies worth $25,616,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in REZI. Clayton Dubilier & Rice LLC purchased a new stake in Resideo Technologies during the second quarter worth $127,290,000. Nuveen LLC purchased a new stake in shares of Resideo Technologies in the 1st quarter worth about $34,239,000. Fuller & Thaler Asset Management Inc. increased its holdings in Resideo Technologies by 9.1% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 8,196,828 shares of the company’s stock valued at $145,084,000 after acquiring an additional 683,714 shares in the last quarter. Ariel Investments LLC raised its position in Resideo Technologies by 5.1% during the first quarter. Ariel Investments LLC now owns 9,664,671 shares of the company’s stock worth $171,065,000 after acquiring an additional 465,571 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Resideo Technologies by 1,123.6% in the first quarter. Millennium Management LLC now owns 263,821 shares of the company’s stock valued at $4,670,000 after purchasing an additional 242,260 shares in the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Wall Street Analyst Weigh In

REZI has been the subject of several recent research reports. Zacks Research raised Resideo Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. Oppenheimer increased their price objective on Resideo Technologies from $35.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, September 19th. Weiss Ratings reissued a “sell (d+)” rating on shares of Resideo Technologies in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Resideo Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Morgan Stanley upgraded shares of Resideo Technologies from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $24.00 to $35.00 in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Resideo Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $34.67.

Resideo Technologies Stock Performance

Shares of REZI stock opened at $30.60 on Tuesday. The company has a current ratio of 1.88, a quick ratio of 1.07 and a debt-to-equity ratio of 1.38. The company has a market cap of $4.58 billion, a PE ratio of -6.54 and a beta of 2.22. The company’s fifty day simple moving average is $40.17 and its 200-day simple moving average is $29.61. Resideo Technologies, Inc. has a 52 week low of $14.18 and a 52 week high of $45.29.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.18. Resideo Technologies had a negative net margin of 8.85% and a positive return on equity of 14.96%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the company earned $0.58 earnings per share. Resideo Technologies’s revenue for the quarter was up 2.0% on a year-over-year basis. Resideo Technologies has set its FY 2025 guidance at 2.570-2.670 EPS. Q4 2025 guidance at 0.420-0.520 EPS. As a group, equities research analysts anticipate that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

Insider Activity

In other news, Director Andrew C. Teich acquired 29,460 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was purchased at an average cost of $34.01 per share, with a total value of $1,001,934.60. Following the completion of the acquisition, the director directly owned 332,472 shares in the company, valued at $11,307,372.72. This represents a 9.72% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Channel Holdings Ii L.P. Cd&R bought 339,863 shares of Resideo Technologies stock in a transaction on Friday, August 15th. The shares were purchased at an average cost of $31.42 per share, for a total transaction of $10,678,495.46. Following the acquisition, the insider owned 12,021,567 shares in the company, valued at $377,717,635.14. The trade was a 2.91% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 1,821,651 shares of company stock worth $58,897,065 in the last ninety days. Corporate insiders own 1.50% of the company’s stock.

Resideo Technologies Profile

Resideo Technologies, Inc develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution.