Resideo Technologies (NYSE:REZI) Stock Rating Lowered by Zacks Research

Resideo Technologies (NYSE:REZI) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other research firms also recently commented on REZI. Morgan Stanley raised shares of Resideo Technologies from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $24.00 to $35.00 in a research note on Tuesday, August 12th. Oppenheimer lifted their price target on shares of Resideo Technologies from $35.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, September 19th. Wall Street Zen cut Resideo Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $34.67.

Resideo Technologies Stock Performance

NYSE REZI opened at $31.81 on Tuesday. The business’s 50 day moving average price is $40.06 and its 200-day moving average price is $29.72. Resideo Technologies has a fifty-two week low of $14.18 and a fifty-two week high of $45.29. The company has a market cap of $4.76 billion, a P/E ratio of -6.80 and a beta of 2.22. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.07 and a current ratio of 1.88.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.71 by $0.18. Resideo Technologies had a negative net margin of 8.85% and a positive return on equity of 14.96%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the firm posted $0.58 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. Resideo Technologies has set its FY 2025 guidance at 2.570-2.670 EPS. Q4 2025 guidance at 0.420-0.520 EPS. Sell-side analysts predict that Resideo Technologies will post 2.13 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Andrew C. Teich purchased 8,149 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was acquired at an average cost of $30.68 per share, with a total value of $250,011.32. Following the completion of the transaction, the director owned 340,621 shares in the company, valued at $10,450,252.28. This represents a 2.45% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Channel Holdings Ii L.P. Cd&R purchased 228,573 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was purchased at an average price of $33.63 per share, for a total transaction of $7,686,909.99. Following the completion of the acquisition, the insider directly owned 13,270,734 shares in the company, valued at approximately $446,294,784.42. This represents a 1.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 1,626,639 shares of company stock worth $52,668,272 in the last three months. 1.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC grew its position in Resideo Technologies by 2.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,912 shares of the company’s stock worth $455,000 after purchasing an additional 262 shares during the last quarter. CWM LLC grew its stake in Resideo Technologies by 4.3% during the 3rd quarter. CWM LLC now owns 7,263 shares of the company’s stock valued at $314,000 after purchasing an additional 300 shares during the last quarter. Amalgamated Bank increased its holdings 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 purchasing an additional 415 shares during the period. QRG Capital Management Inc. raised its stake in shares of Resideo Technologies by 4.3% in the second quarter. QRG Capital Management Inc. now owns 10,565 shares of the company’s stock worth $233,000 after purchasing an additional 437 shares during the last quarter. Finally, ORG Partners LLC lifted its holdings in shares of Resideo Technologies by 588.2% during 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. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

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.