Resideo Technologies (NYSE:REZI) Reaches New 52-Week High – Here’s What Happened

Resideo Technologies, Inc. (NYSE:REZI)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $44.68 and last traded at $44.85, with a volume of 63910 shares changing hands. The stock had previously closed at $43.47.

Wall Street Analysts Forecast Growth

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

Resideo Technologies Price Performance

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 company has a fifty day moving average price of $38.81 and a two-hundred day moving average price of $27.58. The company has a market cap of $6.63 billion, a P/E ratio of -8.16 and a beta of 2.23.

Resideo Technologies (NYSE:REZI) last released its earnings results on Tuesday, August 5th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.12. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.83 billion. Resideo Technologies had a positive return on equity of 12.55% and a negative net margin of 10.52%.Resideo Technologies’s revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 earnings per share. 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 earnings per share for the current fiscal year.

Insider Buying and Selling at Resideo Technologies

In other news, Director Nina Richardson sold 3,333 shares of Resideo Technologies stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $34.55, for a total transaction of $115,155.15. Following the completion of the transaction, the director directly owned 60,675 shares in the company, valued at approximately $2,096,321.25. The trade was a 5.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andrew C. Teich acquired 29,460 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was bought at an average price of $34.01 per share, for a total transaction of $1,001,934.60. Following the completion of the acquisition, the director owned 332,472 shares of the company’s stock, valued at approximately $11,307,372.72. The trade was a 9.72% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 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.

Hedge Funds Weigh In On Resideo Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC increased its position in Resideo Technologies by 4.3% during the third quarter. CWM LLC now owns 7,263 shares of the company’s stock worth $314,000 after acquiring an additional 300 shares during the period. Amalgamated Bank boosted its stake in shares of Resideo Technologies by 1.0% in the second quarter. Amalgamated Bank now owns 42,164 shares of the company’s stock valued at $930,000 after buying an additional 415 shares during the period. QRG Capital Management Inc. grew its position in Resideo Technologies by 4.3% during the second quarter. QRG Capital Management Inc. now owns 10,565 shares of the company’s stock worth $233,000 after buying an additional 437 shares in the last quarter. ORG Partners LLC increased its position in shares of Resideo Technologies by 588.2% in the third quarter. ORG Partners LLC now owns 585 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in Resideo Technologies by 2.5% in the 1st quarter. Hsbc Holdings PLC now owns 23,372 shares of the company’s stock valued at $412,000 after buying an additional 578 shares during the period. Institutional investors and hedge funds own 91.71% of the company’s stock.

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.