Resideo Technologies, Inc. (NYSE:REZI) Given Average Recommendation of “Hold” by Analysts

Shares of Resideo Technologies, Inc. (NYSE:REZI) have been assigned a consensus rating of “Hold” from the five research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $34.6667.

REZI has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Resideo Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Resideo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th.

Resideo Technologies Stock Up 1.8%

Resideo Technologies stock opened at $36.50 on Thursday. The company’s 50-day moving average price is $34.62 and its two-hundred day moving average price is $34.61. The company has a quick ratio of 1.07, a current ratio of 1.88 and a debt-to-equity ratio of 1.38. The stock has a market cap of $5.46 billion, a P/E ratio of -7.80 and a beta of 1.71. Resideo Technologies has a twelve month low of $14.18 and a twelve month high of $45.29.

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

Insider Activity

In other news, Director Andrew C. Teich acquired 8,149 shares of the stock in a transaction dated Monday, November 10th. The stock was bought at an average price of $30.68 per share, with a total value of $250,011.32. Following the completion of the purchase, the director directly owned 340,621 shares of the company’s stock, valued at $10,450,252.28. This represents a 2.45% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Channel Holdings Ii L.P. Cd&R acquired 566,758 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The stock was acquired at an average price of $31.82 per share, with a total value of $18,034,239.56. Following the acquisition, the insider owned 14,960,492 shares in the company, valued at $476,042,855.44. The trade was a 3.94% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 1,697,907 shares of company stock worth $53,222,621. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Resideo Technologies by 2.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,912 shares of the company’s stock valued at $455,000 after acquiring an additional 262 shares in the last quarter. CWM LLC grew its holdings in shares of Resideo Technologies by 4.3% during the third quarter. CWM LLC now owns 7,263 shares of the company’s stock worth $314,000 after purchasing an additional 300 shares in the last quarter. Amalgamated Bank increased its position in shares of Resideo Technologies by 1.0% in the second quarter. Amalgamated Bank now owns 42,164 shares of the company’s stock worth $930,000 after purchasing an additional 415 shares during the last quarter. Larson Financial Group LLC raised its stake in Resideo Technologies by 283.8% in the third quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock valued at $25,000 after purchasing an additional 420 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its position in Resideo Technologies by 4.3% during the second quarter. QRG Capital Management Inc. now owns 10,565 shares of the company’s stock valued at $233,000 after purchasing an additional 437 shares during the last quarter. 91.71% of the stock is owned by institutional investors and hedge funds.

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.