Sei Investments Co. Boosts Stock Holdings in Resideo Technologies, Inc. $REZI

Sei Investments Co. grew its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 20.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 125,903 shares of the company’s stock after purchasing an additional 21,583 shares during the period. Sei Investments Co. owned approximately 0.08% of Resideo Technologies worth $4,244,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of REZI. Royal Bank of Canada grew its stake in Resideo Technologies by 50.0% in the 1st quarter. Royal Bank of Canada now owns 49,395 shares of the company’s stock valued at $873,000 after buying an additional 16,467 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Resideo Technologies by 58.9% during the first quarter. AQR Capital Management LLC now owns 122,734 shares of the company’s stock worth $2,172,000 after acquiring an additional 45,517 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Resideo Technologies by 7.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 126,161 shares of the company’s stock worth $2,233,000 after acquiring an additional 9,106 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Resideo Technologies by 1,123.6% in the first quarter. Millennium Management LLC now owns 263,821 shares of the company’s stock worth $4,670,000 after acquiring an additional 242,260 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Resideo Technologies by 6.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 439,149 shares of the company’s stock worth $7,773,000 after acquiring an additional 26,254 shares during the period. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

REZI has been the topic of a number of analyst reports. Morgan Stanley decreased their price objective on Resideo Technologies from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Seaport Research Partners started coverage on Resideo Technologies in a report on Wednesday, July 1st. They set a “buy” rating and a $55.00 target price for the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a research report on Friday, July 17th. Finally, Zacks Research cut Resideo Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Two research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Resideo Technologies currently has a consensus rating of “Hold” and a consensus price target of $46.50.

Resideo Technologies Stock Up 0.3%

Shares of NYSE:REZI opened at $26.25 on Thursday. The firm has a fifty day moving average price of $32.36 and a two-hundred day moving average price of $34.54. The company has a market cap of $3.97 billion, a price-to-earnings ratio of -6.84 and a beta of 1.63. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.07 and a quick ratio of 1.19. Resideo Technologies, Inc. has a one year low of $25.50 and a one year high of $45.29.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.87 billion. During the same quarter in the prior year, the firm posted $0.63 earnings per share. The business’s quarterly 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. Analysts anticipate that Resideo Technologies, Inc. will post 2.81 EPS for the current fiscal year.

Resideo Technologies 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.