Resideo Technologies, Inc. (NYSE:REZI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Resideo Technologies, Inc. (NYSE:REZI) have earned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $34.6667.

A number of equities research analysts have recently issued reports on the company. Wall Street Zen lowered Resideo Technologies from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research raised Resideo Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. Oppenheimer upped their target price on Resideo Technologies from $35.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, September 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a report on Wednesday, October 8th. Finally, Morgan Stanley raised shares of Resideo Technologies from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $24.00 to $35.00 in a research report on Tuesday, August 12th.

Insider Activity

In other news, Director Nina Richardson sold 3,333 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $34.55, for a total transaction of $115,155.15. Following the completion of the sale, the director owned 60,675 shares in the company, valued at $2,096,321.25. This trade represents a 5.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Channel Holdings Ii L.P. Cd&R bought 228,573 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were acquired at an average cost of $33.63 per share, with a total value of $7,686,909.99. Following the purchase, the insider owned 13,270,734 shares of the company’s stock, valued at $446,294,784.42. The trade was a 1.75% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In 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. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of Resideo Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Clayton Dubilier & Rice LLC boosted its stake in Resideo Technologies by 130.3% during the third quarter. Clayton Dubilier & Rice LLC now owns 13,286,384 shares of the company’s stock worth $573,706,000 after buying an additional 7,516,233 shares during the period. Nuveen LLC purchased a new position in shares of Resideo Technologies during the 1st quarter worth approximately $34,239,000. Norges Bank acquired a new stake in Resideo Technologies in the 2nd quarter valued at approximately $40,374,000. Ophir Asset Management Pty Ltd acquired a new stake in Resideo Technologies in the 2nd quarter valued at approximately $35,419,000. Finally, Locust Wood Capital Advisers LLC purchased a new stake in Resideo Technologies in the third quarter valued at approximately $50,936,000. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Resideo Technologies Price Performance

Shares of NYSE REZI opened at $31.14 on Friday. The firm has a 50-day simple moving average of $40.24 and a 200-day simple moving average of $29.31. The company has a quick ratio of 0.63, a current ratio of 1.88 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of -6.65 and a beta of 2.22. Resideo Technologies has a 52 week low of $14.18 and a 52 week high of $45.29.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.18. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Resideo Technologies had a negative net margin of 8.85% and a positive return on equity of 14.96%. Resideo Technologies’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company 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. On average, equities analysts predict that Resideo Technologies will post 2.13 earnings per share for the current fiscal year.

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.