Strs Ohio Grows Stake in Resideo Technologies, Inc. $REZI

Strs Ohio grew its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 7.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,800 shares of the company’s stock after acquiring an additional 3,300 shares during the quarter. Strs Ohio’s holdings in Resideo Technologies were worth $1,032,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of REZI. IFP Advisors Inc boosted its stake in Resideo Technologies by 20,133.3% in the 1st quarter. IFP Advisors Inc now owns 2,428 shares of the company’s stock worth $43,000 after purchasing an additional 2,416 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Resideo Technologies in the first quarter worth about $65,000. GAMMA Investing LLC lifted its stake in shares of Resideo Technologies by 74.5% in the second quarter. GAMMA Investing LLC now owns 5,393 shares of the company’s stock worth $119,000 after buying an additional 2,302 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Resideo Technologies by 113.0% in the second quarter. Blue Trust Inc. now owns 6,101 shares of the company’s stock worth $135,000 after buying an additional 3,237 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Resideo Technologies by 132.7% during the second quarter. CWM LLC now owns 6,963 shares of the company’s stock valued at $154,000 after buying an additional 3,971 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Resideo Technologies Trading Down 23.5%

NYSE:REZI opened at $31.42 on Friday. The company has a market cap of $4.67 billion, a PE ratio of -6.71 and a beta of 2.22. The company has a current ratio of 1.00, a quick ratio of 0.63 and a debt-to-equity ratio of 0.93. The company has a 50 day simple moving average of $40.30 and a two-hundred day simple moving average of $29.20. Resideo Technologies, Inc. has a 12 month low of $14.18 and a 12 month high of $45.29.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.18. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Resideo Technologies had a positive return on equity of 14.50% and a negative net margin of 8.85%.The company’s revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 EPS. Resideo Technologies has set its FY 2025 guidance at 2.570-2.670 EPS. Q4 2025 guidance at 0.420-0.520 EPS. Research analysts forecast that Resideo Technologies, Inc. will post 2.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on REZI shares. Zacks Research upgraded shares of Resideo Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. Morgan Stanley raised 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. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Wednesday, October 8th. Finally, Oppenheimer increased their price objective on Resideo Technologies from $35.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.67.

Insider Transactions at Resideo Technologies

In other news, major shareholder Channel Holdings Ii L.P. Cd&R purchased 457,508 shares of the business’s stock in a transaction on Monday, August 11th. The stock was acquired at an average cost of $27.34 per share, for a total transaction of $12,508,268.72. Following the purchase, the insider directly owned 11,138,815 shares in the company, valued at $304,535,202.10. This trade represents a 4.28% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders bought 2,618,887 shares of company stock valued at $81,851,970 and sold 86,231 shares valued at $2,709,742. Insiders own 1.50% of the company’s stock.

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.