Brant Point Investment Management LLC Has $1.05 Million Holdings in Resideo Technologies, Inc. $REZI

Brant Point Investment Management LLC lessened its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 45.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 30,000 shares of the company’s stock after selling 25,000 shares during the quarter. Brant Point Investment Management LLC’s holdings in Resideo Technologies were worth $1,054,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sound Income Strategies LLC acquired a new position in shares of Resideo Technologies during the 4th quarter worth approximately $25,000. Danske Bank A S grew its position in shares of Resideo Technologies by 600.0% during the 4th quarter. Danske Bank A S now owns 700 shares of the company’s stock worth $25,000 after purchasing an additional 600 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Resideo Technologies by 283.8% during the 3rd quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock worth $25,000 after purchasing an additional 420 shares in the last quarter. McMillan Office Inc. acquired a new position in shares of Resideo Technologies during the 4th quarter worth approximately $33,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of Resideo Technologies during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 91.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of Resideo Technologies from $42.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Resideo Technologies currently has an average rating of “Hold” and an average target price of $49.00.

Resideo Technologies Stock Performance

Shares of Resideo Technologies stock opened at $31.59 on Friday. The company has a 50 day moving average of $34.75 and a 200-day moving average of $35.16. Resideo Technologies, Inc. has a 1-year low of $20.41 and a 1-year high of $45.29. The company has a current ratio of 2.07, a quick ratio of 1.19 and a debt-to-equity ratio of 1.30. The company has a market cap of $4.78 billion, a PE ratio of -8.23 and a beta of 1.64.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. Resideo Technologies had a negative net margin of 6.71% and a positive return on equity of 16.70%. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the firm posted $0.63 EPS. The firm’s quarterly revenue 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, equities research analysts forecast 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.