Locust Wood Capital Advisers LLC Raises Holdings in Resideo Technologies, Inc. $REZI

Locust Wood Capital Advisers LLC increased its position in shares of Resideo Technologies, Inc. (NYSE:REZI) by 124.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,649,691 shares of the company’s stock after buying an additional 1,470,077 shares during the quarter. Resideo Technologies comprises about 2.2% of Locust Wood Capital Advisers LLC’s portfolio, making the stock its 20th largest holding. Locust Wood Capital Advisers LLC’s holdings in Resideo Technologies were worth $93,057,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new stake in shares of Resideo Technologies in the 4th quarter valued at approximately $39,000. Global Alpha Capital Management Ltd. purchased a new stake in shares of Resideo Technologies in the 4th quarter valued at approximately $20,924,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Resideo Technologies in the 4th quarter valued at approximately $3,814,000. Vise Technologies Inc. increased its position in shares of Resideo Technologies by 2.4% in the 4th quarter. Vise Technologies Inc. now owns 13,670 shares of the company’s stock valued at $480,000 after purchasing an additional 315 shares during the last quarter. Finally, State of Wyoming increased its position in shares of Resideo Technologies by 117.2% in the 4th quarter. State of Wyoming now owns 21,166 shares of the company’s stock valued at $743,000 after purchasing an additional 11,422 shares during the last quarter. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

REZI has been the topic of a number of recent analyst reports. Morgan Stanley increased their price objective on Resideo Technologies from $42.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Oppenheimer restated an “outperform” rating on shares of Resideo Technologies in a research note on Friday, March 13th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $49.00.

Resideo Technologies Price Performance

REZI stock opened at $31.22 on Monday. The business has a 50 day moving average price of $35.04 and a 200 day moving average price of $35.15. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of -8.13 and a beta of 1.64. Resideo Technologies, Inc. has a fifty-two week low of $20.41 and a fifty-two week high of $45.29. 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 (NYSE:REZI) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.87 billion. Resideo Technologies had a positive return on equity of 16.70% and a negative net margin of 6.71%.The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 EPS. 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. Equities research analysts anticipate that Resideo Technologies, Inc. will post 2.63 earnings per share for the current fiscal year.

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.