Channel Holdings Ii L.P. Cd&R Purchases 250,000 Shares of Resideo Technologies (NYSE:REZI) Stock

Resideo Technologies, Inc. (NYSE:REZI) major shareholder Channel Holdings Ii L.P. Cd&R bought 250,000 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were bought at an average cost of $32.16 per share, for a total transaction of $8,040,000.00. Following the completion of the acquisition, the insider directly owned 12,815,208 shares in the company, valued at approximately $412,137,089.28. This trade represents a 1.99% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock 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 Wednesday, August 20th, Channel Holdings Ii L.P. Cd&R bought 297,000 shares of Resideo Technologies stock. The shares were bought at an average cost of $31.94 per share, for a total transaction of $9,486,180.00.
• On Tuesday, August 19th, Channel Holdings Ii L.P. Cd&R acquired 135,641 shares of Resideo Technologies stock. The stock was acquired at an average cost of $32.41 per share, for a total transaction of $4,396,124.81.
• On Thursday, August 14th, Channel Holdings Ii L.P. Cd&R acquired 203,161 shares of Resideo Technologies stock. The stock was acquired at an average cost of $31.89 per share, for a total transaction of $6,478,804.29.
• On Monday, August 18th, Channel Holdings Ii L.P. Cd&R acquired 111,000 shares of Resideo Technologies stock. The stock was acquired at an average cost of $31.66 per share, for a total transaction 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 shares were purchased at an average cost of $31.42 per share, for a total transaction 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 shares were purchased at an average cost of $30.75 per share, for a total transaction 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 shares were purchased at an average cost of $27.34 per share, for a total transaction of $12,508,268.72.
• On Friday, August 8th, Channel Holdings Ii L.P. Cd&R acquired 448,887 shares of Resideo Technologies stock. The shares were bought at an average cost of $27.30 per share, with a total value of $12,254,615.10.
• On Friday, July 25th, Channel Holdings Ii L.P. Cd&R acquired 4,477,919 shares of Resideo Technologies stock. The shares were bought at an average cost of $22.33 per share, with a total value of $99,991,931.27.

Resideo Technologies Stock Performance

Shares of REZI opened at $33.9960 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.63 and a current ratio of 1.00. The firm has a market capitalization of $5.06 billion, a P/E ratio of -6.23 and a beta of 2.16. The stock has a 50 day moving average price of $25.49 and a two-hundred day moving average price of $21.11. Resideo Technologies, Inc. has a 52 week low of $14.18 and a 52 week high of $34.25.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.12. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.83 billion. Resideo Technologies had a positive return on equity of 12.55% and a negative net margin of 10.52%.Resideo Technologies’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. 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 forecast that Resideo Technologies, Inc. will post 2.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Resideo Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the company. Boston Partners grew its holdings in Resideo Technologies by 1.6% during the first quarter. Boston Partners now owns 9,954,419 shares of the company’s stock valued at $175,640,000 after purchasing an additional 156,536 shares during the period. Ariel Investments LLC lifted its position in shares of Resideo Technologies by 5.1% during the first quarter. Ariel Investments LLC now owns 9,664,671 shares of the company’s stock worth $171,065,000 after acquiring an additional 465,571 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Resideo Technologies by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 8,205,405 shares of the company’s stock worth $145,234,000 after acquiring an additional 223,063 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Resideo Technologies by 9.1% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 8,196,828 shares of the company’s stock worth $145,084,000 after acquiring an additional 683,714 shares in the last quarter. Finally, Clayton Dubilier & Rice LLC purchased a new stake in shares of Resideo Technologies during the second quarter worth $127,290,000. 91.71% of the stock is owned by 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.