Gabelli Funds LLC Sells 42,500 Shares of Resideo Technologies, Inc. $REZI

Gabelli Funds LLC decreased its position in shares of Resideo Technologies, Inc. (NYSE:REZI) by 7.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 554,035 shares of the company’s stock after selling 42,500 shares during the period. Gabelli Funds LLC owned 0.37% of Resideo Technologies worth $9,806,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in REZI. Boston Partners boosted its stake in Resideo Technologies by 1.6% in the 1st quarter. Boston Partners now owns 9,954,419 shares of the company’s stock worth $175,640,000 after purchasing an additional 156,536 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Resideo Technologies by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 8,205,405 shares of the company’s stock valued at $145,234,000 after purchasing an additional 223,063 shares during the period. Fuller & Thaler Asset Management Inc. boosted its holdings in Resideo Technologies by 9.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 8,196,828 shares of the company’s stock valued at $145,084,000 after purchasing an additional 683,714 shares during the last quarter. Nuveen Asset Management LLC grew its position in Resideo Technologies by 32.4% during the 4th quarter. Nuveen Asset Management LLC now owns 2,320,863 shares of the company’s stock worth $53,496,000 after purchasing an additional 567,800 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Resideo Technologies by 4.9% during the 1st quarter. Northern Trust Corp now owns 2,011,422 shares of the company’s stock valued at $35,602,000 after buying an additional 94,345 shares during the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 4,477,919 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were bought at an average cost of $22.33 per share, for a total transaction of $99,991,931.27. Following the acquisition, the insider owned 10,232,420 shares in the company, valued at approximately $228,489,938.60. This represents a 77.82% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have bought 7,107,660 shares of company stock valued at $179,370,672 and have sold 132,688 shares valued at $3,976,654. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

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

Resideo Technologies Trading Up 0.3%

Shares of NYSE:REZI opened at $34.68 on Thursday. The business’s 50 day moving average price is $26.31 and its 200-day moving average price is $21.37. Resideo Technologies, Inc. has a 1 year low of $14.18 and a 1 year high of $34.84. The firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of -6.35 and a beta of 2.16. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.00 and a quick ratio of 0.63.

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

Resideo Technologies Profile

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.