Resideo Technologies, Inc. (NYSE:REZI – Get Free Report)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $36.23, but opened at $26.00. Resideo Technologies shares last traded at $26.33, with a volume of 103,731 shares trading hands.
Analyst Ratings Changes
A number of brokerages have recently commented on REZI. Morgan Stanley decreased their price target on shares of Resideo Technologies from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a report on Friday, July 17th. Zacks Research lowered shares of Resideo Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Finally, Seaport Research Partners started coverage on Resideo Technologies in a research note on Wednesday, July 1st. They issued a “buy” rating and a $55.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Resideo Technologies has an average rating of “Hold” and an average price target of $46.50.
Read Our Latest Research Report on Resideo Technologies
Resideo Technologies Stock Performance
Resideo Technologies (NYSE:REZI – Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.61 by $0.04. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.87 billion. Resideo Technologies had a negative net margin of 6.71% and a positive return on equity of 16.70%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. 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. As a group, equities research analysts anticipate that Resideo Technologies, Inc. will post 2.81 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. Larson Financial Group LLC raised its position in Resideo Technologies by 283.8% during the 3rd quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock valued at $25,000 after purchasing an additional 420 shares during the last quarter. Sound Income Strategies LLC bought a new position in shares of Resideo Technologies during the fourth quarter valued at approximately $25,000. Danske Bank A S lifted its stake in Resideo Technologies by 600.0% in the fourth quarter. Danske Bank A S now owns 700 shares of the company’s stock worth $25,000 after acquiring an additional 600 shares during the period. McMillan Office Inc. purchased a new stake in Resideo Technologies in the fourth quarter worth $33,000. Finally, Kestra Advisory Services LLC bought a new stake in Resideo Technologies in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 91.71% of the company’s stock.
Resideo Technologies Company 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.
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