Resideo Technologies, Inc. $REZI Shares Bought by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC grew its position in shares of Resideo Technologies, Inc. (NYSE:REZI) by 20.9% during the 2nd quarter, Holdings Channel reports. The firm owned 41,206 shares of the company’s stock after purchasing an additional 7,116 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Resideo Technologies were worth $909,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Boston Partners increased its position in shares of Resideo Technologies by 1.6% during the 1st 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 increased its position in shares of Resideo Technologies by 5.1% during the 1st quarter. Ariel Investments LLC now owns 9,664,671 shares of the company’s stock valued at $171,065,000 after purchasing an additional 465,571 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Resideo Technologies by 2.8% during the 1st 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. increased its position in shares of Resideo Technologies by 9.1% during the 1st 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 period. Finally, Clayton Dubilier & Rice LLC acquired a new position in shares of Resideo Technologies during the 2nd quarter valued at $127,290,000. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Resideo Technologies

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R purchased 457,508 shares of the stock in a transaction dated Monday, August 11th. The shares were acquired at an average price of $27.34 per share, for a total transaction of $12,508,268.72. Following the completion of the acquisition, the insider owned 11,138,815 shares of the company’s stock, valued at $304,535,202.10. This represents a 4.28% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders acquired 3,067,774 shares of company stock worth $94,106,585 and sold 133,231 shares worth $4,025,742. Corporate insiders own 1.50% of the company’s stock.

Resideo Technologies Stock Performance

Shares of Resideo Technologies stock opened at $44.54 on Monday. Resideo Technologies, Inc. has a 12 month low of $14.18 and a 12 month high of $45.13. The company has a quick ratio of 0.63, a current ratio of 1.00 and a debt-to-equity ratio of 0.93. The stock has a market cap of $6.63 billion, a PE ratio of -8.16 and a beta of 2.23. The business has a fifty day simple moving average of $38.81 and a 200-day simple moving average of $27.66.

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

Wall Street Analysts Forecast Growth

REZI has been the topic of several research analyst reports. Zacks Research upgraded Resideo Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a report on Saturday. Oppenheimer lifted their target price on Resideo Technologies from $35.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, September 19th. Finally, Morgan Stanley upgraded Resideo Technologies from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $24.00 to $35.00 in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Resideo Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.67.

Resideo Technologies Company 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.