Clearline Capital LP Buys Shares of 244,434 Resideo Technologies, Inc. $REZI

Clearline Capital LP bought a new stake in Resideo Technologies, Inc. (NYSE:REZI) during the fourth quarter, Holdings Channel reports. The institutional investor bought 244,434 shares of the company’s stock, valued at approximately $8,585,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new position in Resideo Technologies in the fourth quarter valued at about $25,000. Danske Bank A S grew its stake in Resideo Technologies by 600.0% in the fourth quarter. Danske Bank A S now owns 700 shares of the company’s stock valued at $25,000 after purchasing an additional 600 shares in the last quarter. Larson Financial Group LLC grew 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. McMillan Office Inc. purchased a new position in Resideo Technologies in the fourth quarter valued at about $33,000. Finally, Kestra Advisory Services LLC purchased a new position in Resideo Technologies in the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Resideo Technologies Price Performance

Shares of NYSE:REZI opened at $30.46 on Thursday. The business has a 50 day moving average price of $34.55 and a 200 day moving average price of $35.16. The company has a quick ratio of 1.19, a current ratio of 2.07 and a debt-to-equity ratio of 1.30. The company has a market cap of $4.61 billion, a price-to-earnings ratio of -7.93 and a beta of 1.64. Resideo Technologies, Inc. has a twelve month low of $20.75 and a twelve month high of $45.29.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.61 by $0.04. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Resideo Technologies had a positive return on equity of 16.70% and a negative net margin of 6.71%.The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm 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. Research analysts predict that Resideo Technologies, Inc. will post 2.63 earnings per share for the current year.

Analysts Set New Price Targets

REZI has been the topic of a number of recent research reports. Oppenheimer restated an “outperform” rating on shares of Resideo Technologies in a research note on Friday, March 13th. Morgan Stanley boosted their target price on Resideo Technologies from $42.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Tuesday, April 21st. Two 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $49.00.

Resideo Technologies Company 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.