Swedbank AB Grows Position in Resideo Technologies, Inc. $REZI

Swedbank AB boosted its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 121.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,346,919 shares of the company’s stock after buying an additional 1,287,162 shares during the quarter. Swedbank AB’s holdings in Resideo Technologies were worth $82,424,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of REZI. Sound Income Strategies LLC bought a new stake in Resideo Technologies during the fourth quarter valued at about $25,000. Danske Bank A S raised its holdings in Resideo Technologies by 600.0% during the fourth quarter. Danske Bank A S now owns 700 shares of the company’s stock valued at $25,000 after acquiring an additional 600 shares during the period. Larson Financial Group LLC raised its holdings in Resideo Technologies by 283.8% during the third quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock valued at $25,000 after acquiring an additional 420 shares during the period. Cullen Frost Bankers Inc. raised its holdings in Resideo Technologies by 1,778.8% during the third quarter. Cullen Frost Bankers Inc. now owns 620 shares of the company’s stock valued at $27,000 after acquiring an additional 587 shares during the period. Finally, Headlands Technologies LLC bought a new stake in Resideo Technologies during the second quarter valued at about $34,000. 91.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on REZI. Weiss Ratings reissued a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st. Oppenheimer reissued an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Finally, Morgan Stanley raised their price target on Resideo Technologies from $42.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $39.67.

Resideo Technologies Trading Down 0.6%

Shares of NYSE REZI opened at $28.83 on Friday. The business’s 50 day moving average is $35.76 and its two-hundred day moving average is $35.40. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.07 and a quick ratio of 1.19. Resideo Technologies, Inc. has a 1-year low of $19.65 and a 1-year high of $45.29. The stock has a market capitalization of $4.37 billion, a P/E ratio of -7.51 and a beta of 1.75.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.65 earnings per share 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 company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. 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, research analysts expect that Resideo Technologies, Inc. will post 2.63 EPS for the current 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.