Healthcare of Ontario Pension Plan Trust Fund Takes $1.50 Million Position in Resideo Technologies, Inc. $REZI

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Resideo Technologies, Inc. (NYSE:REZI) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 44,413 shares of the company’s stock, valued at approximately $1,497,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in REZI. Arrowstreet Capital Limited Partnership increased its stake in Resideo Technologies by 3.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,069,509 shares of the company’s stock valued at $69,763,000 after buying an additional 71,092 shares during the last quarter. Inceptionr LLC purchased a new position in shares of Resideo Technologies in the 1st quarter worth approximately $220,000. Sei Investments Co. boosted its stake in shares of Resideo Technologies by 20.7% in the 1st quarter. Sei Investments Co. now owns 125,903 shares of the company’s stock worth $4,244,000 after buying an additional 21,583 shares during the last quarter. Lido Advisors LLC boosted its stake in shares of Resideo Technologies by 7.7% in the 1st quarter. Lido Advisors LLC now owns 15,375 shares of the company’s stock worth $518,000 after buying an additional 1,104 shares during the last quarter. Finally, State of Wyoming grew its holdings in shares of Resideo Technologies by 75.0% in the first quarter. State of Wyoming now owns 37,048 shares of the company’s stock valued at $1,249,000 after acquiring an additional 15,882 shares in the last quarter. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Resideo Technologies Stock Down 1.3%

REZI opened at $34.27 on Friday. 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 stock has a market cap of $5.19 billion, a price-to-earnings ratio of -8.92 and a beta of 1.64. Resideo Technologies, Inc. has a twelve month low of $25.10 and a twelve month high of $45.29. The company’s 50-day moving average price is $32.37 and its two-hundred day moving average price is $34.74.

Resideo Technologies (NYSE:REZI) last released its earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share for the quarter, beating 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 firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the firm earned $0.63 EPS. The company’s revenue was up 8.0% compared to the same quarter last year. 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 analysts expect that Resideo Technologies, Inc. will post 2.81 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on REZI. Morgan Stanley decreased their price target on Resideo Technologies from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. Seaport Research Partners assumed coverage on Resideo Technologies in a research report on Wednesday, July 1st. They issued a “buy” rating and a $55.00 price objective on the stock. Zacks Research downgraded Resideo Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a research report on Friday, July 17th. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $46.50.

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.