Channel Holdings Ii L.P. Cd&R Buys 34,626 Shares of Resideo Technologies (NYSE:REZI) Stock

Resideo Technologies, Inc. (NYSE:REZI) major shareholder Channel Holdings Ii L.P. Cd&R bought 34,626 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was bought at an average cost of $33.41 per share, for a total transaction of $1,156,854.66. Following the completion of the transaction, the insider directly owned 12,849,834 shares of the company’s stock, valued at $429,312,953.94. This trade represents a 0.27% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Channel Holdings Ii L.P. Cd&R also recently made the following trade(s):

• On Monday, August 25th, Channel Holdings Ii L.P. Cd&R purchased 12,327 shares of Resideo Technologies stock. The stock was acquired at an average cost of $33.95 per share, with a total value of $418,501.65.
• On Thursday, August 21st, Channel Holdings Ii L.P. Cd&R purchased 250,000 shares of Resideo Technologies stock. The stock was acquired at an average cost of $32.16 per share, with a total value of $8,040,000.00.
• On Wednesday, August 20th, Channel Holdings Ii L.P. Cd&R purchased 297,000 shares of Resideo Technologies stock. The stock was acquired at an average cost of $31.94 per share, with a total value of $9,486,180.00.
• On Tuesday, August 19th, Channel Holdings Ii L.P. Cd&R purchased 135,641 shares of Resideo Technologies stock. The stock was acquired at an average cost of $32.41 per share, with a total value of $4,396,124.81.
• On Thursday, August 14th, Channel Holdings Ii L.P. Cd&R purchased 203,161 shares of Resideo Technologies stock. The stock was acquired at an average cost of $31.89 per share, with a total value of $6,478,804.29.
• On Monday, August 18th, Channel Holdings Ii L.P. Cd&R purchased 111,000 shares of Resideo Technologies stock. The stock was acquired at an average cost of $31.66 per share, with a total value of $3,514,260.00.
• On Friday, August 15th, Channel Holdings Ii L.P. Cd&R purchased 339,863 shares of Resideo Technologies stock. The stock was acquired at an average cost of $31.42 per share, with a total value of $10,678,495.46.
• On Tuesday, August 12th, Channel Holdings Ii L.P. Cd&R purchased 339,728 shares of Resideo Technologies stock. The stock was acquired at an average cost of $30.75 per share, with a total value of $10,446,636.00.
• On Monday, August 11th, Channel Holdings Ii L.P. Cd&R purchased 457,508 shares of Resideo Technologies stock. The stock was acquired at an average cost of $27.34 per share, with a total value of $12,508,268.72.
• On Friday, August 8th, Channel Holdings Ii L.P. Cd&R purchased 448,887 shares of Resideo Technologies stock. The stock was acquired at an average cost of $27.30 per share, with a total value of $12,254,615.10.

Resideo Technologies Trading Up 0.3%

NYSE:REZI opened at $34.68 on Thursday. Resideo Technologies, Inc. has a 1 year low of $14.18 and a 1 year high of $34.84. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of -6.35 and a beta of 2.16. The business has a fifty day moving average of $26.31 and a 200-day moving average of $21.37. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.63 and a current ratio of 1.00.

Resideo Technologies (NYSE:REZI) last announced its earnings results on Tuesday, August 5th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.12. Resideo Technologies had a positive return on equity of 12.55% and a negative net margin of 10.52%.The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the business posted $0.62 earnings per share. The company’s quarterly revenue was up 22.3% on a year-over-year basis. Resideo Technologies has set its FY 2025 guidance at 2.750-2.870 EPS. Q3 2025 guidance at 0.700-0.760 EPS. Equities analysts predict that Resideo Technologies, Inc. will post 2.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on REZI. Morgan Stanley raised Resideo Technologies from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $24.00 to $35.00 in a research note on Tuesday, August 12th. Oppenheimer raised Resideo Technologies from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. raised their target price on Resideo Technologies from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, June 3rd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Institutional Investors Weigh In On Resideo Technologies

Hedge funds have recently modified their holdings of the stock. Quarry LP purchased a new stake in shares of Resideo Technologies during the fourth quarter valued at $28,000. Headlands Technologies LLC purchased a new stake in shares of Resideo Technologies during the second quarter valued at $34,000. IFP Advisors Inc lifted its holdings in shares of Resideo Technologies by 20,133.3% during the first quarter. IFP Advisors Inc now owns 2,428 shares of the company’s stock valued at $43,000 after purchasing an additional 2,416 shares during the last quarter. Versant Capital Management Inc lifted its stake in Resideo Technologies by 52.1% in the 1st quarter. Versant Capital Management Inc now owns 3,174 shares of the company’s stock worth $56,000 after acquiring an additional 1,087 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Resideo Technologies in the 1st quarter worth about $65,000. 91.71% of the stock is owned by hedge funds and other institutional investors.

About Resideo Technologies

Resideo Technologies, Inc develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution.