Maryland State Retirement & Pension System Has $963,000 Stock Holdings in Resideo Technologies, Inc. $REZI

Maryland State Retirement & Pension System grew its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,643 shares of the company’s stock after purchasing an additional 742 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Resideo Technologies were worth $963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc raised its stake in Resideo Technologies by 20,133.3% during the 1st quarter. IFP Advisors Inc now owns 2,428 shares of the company’s stock worth $43,000 after buying an additional 2,416 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Resideo Technologies during the 1st quarter worth approximately $65,000. GAMMA Investing LLC raised its stake in Resideo Technologies by 74.5% during the 2nd quarter. GAMMA Investing LLC now owns 5,393 shares of the company’s stock worth $119,000 after buying an additional 2,302 shares during the period. Exchange Traded Concepts LLC raised its stake in Resideo Technologies by 1,261.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 7,160 shares of the company’s stock worth $127,000 after buying an additional 6,634 shares during the period. Finally, Steph & Co. raised its stake in Resideo Technologies by 6.9% during the 1st quarter. Steph & Co. now owns 12,209 shares of the company’s stock worth $216,000 after buying an additional 787 shares during the period. 91.71% of the stock is owned by institutional investors and hedge funds.

Resideo Technologies Trading Down 4.9%

NYSE:REZI opened at $40.08 on Monday. Resideo Technologies, Inc. has a 52 week low of $14.18 and a 52 week high of $43.96. The firm has a 50-day moving average price of $36.21 and a two-hundred day moving average price of $25.88. 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 cap of $5.96 billion, a price-to-earnings ratio of -7.34 and a beta of 2.23.

Resideo Technologies (NYSE:REZI) last announced its earnings results 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. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.83 billion. Resideo Technologies had a positive return on equity of 12.55% and a negative net margin of 10.52%.The company’s revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.62 EPS. 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 analysts expect that Resideo Technologies, Inc. will post 2.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 4,477,919 shares of the business’s stock in a transaction on Friday, July 25th. The shares were acquired at an average price of $22.33 per share, with a total value of $99,991,931.27. Following the completion of the transaction, the insider owned 10,232,420 shares in the company, valued at approximately $228,489,938.60. This trade represents a 77.82% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders acquired 7,545,693 shares of company stock valued at $194,098,517 and sold 133,231 shares valued at $4,025,742. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a research note on Wednesday, October 8th. Morgan Stanley raised Resideo Technologies from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $24.00 to $35.00 in a research note on Tuesday, August 12th. Oppenheimer upped their price target on Resideo Technologies from $35.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, September 19th. Finally, Zacks Research upgraded Resideo Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.67.

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.