Resideo Technologies, Inc. $REZI Shares Acquired by Swedbank AB

Swedbank AB increased its stake in Resideo Technologies, Inc. (NYSE:REZI) by 13.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,665,123 shares of the company’s stock after acquiring an additional 318,204 shares during the period. Swedbank AB owned approximately 1.76% of Resideo Technologies worth $89,841,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in Resideo Technologies by 10.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,126 shares of the company’s stock worth $111,000 after purchasing an additional 306 shares during the period. Vise Technologies Inc. boosted its stake in shares of Resideo Technologies by 2.4% in the 4th quarter. Vise Technologies Inc. now owns 13,670 shares of the company’s stock valued at $480,000 after buying an additional 315 shares during the period. Farther Finance Advisors LLC grew its position in shares of Resideo Technologies by 36.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,268 shares of the company’s stock worth $45,000 after buying an additional 342 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of Resideo Technologies by 6.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,929 shares of the company’s stock worth $208,000 after buying an additional 347 shares in the last quarter. Finally, Sage Rhino Capital LLC increased its stake in shares of Resideo Technologies by 6.6% during the fourth quarter. Sage Rhino Capital LLC now owns 6,589 shares of the company’s stock worth $231,000 after buying an additional 409 shares during the period. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on REZI. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st. Seaport Research Partners initiated coverage on shares of Resideo Technologies in a research report on Wednesday, July 1st. They issued a “buy” rating and a $55.00 price objective on the stock. Finally, Oppenheimer restated an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $49.00.

Resideo Technologies Stock Up 1.8%

REZI stock opened at $32.66 on Wednesday. The stock has a market cap of $4.95 billion, a P/E ratio of -8.50 and a beta of 1.64. The company has a current ratio of 2.07, a quick ratio of 1.19 and a debt-to-equity ratio of 1.30. Resideo Technologies, Inc. has a twelve month low of $22.93 and a twelve month high of $45.29. The company’s 50 day moving average is $32.40 and its two-hundred day moving average is $34.84.

Resideo Technologies (NYSE:REZI) last posted its earnings results on Tuesday, May 12th. The company reported $0.65 EPS 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 for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the firm posted $0.63 EPS. The company’s revenue was up 8.0% on a year-over-year basis. 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. Research analysts expect that Resideo Technologies, Inc. will post 2.81 earnings per share for the current fiscal year.

About Resideo Technologies

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.