Segall Bryant & Hamill LLC increased its stake in shares of Resideo Technologies, Inc. (NYSE:REZI – Free Report) by 11.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 154,156 shares of the company’s stock after acquiring an additional 16,226 shares during the period. Segall Bryant & Hamill LLC owned 0.10% of Resideo Technologies worth $5,197,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of America Corp DE raised its holdings in shares of Resideo Technologies by 8.4% in the first quarter. Bank of America Corp DE now owns 935,107 shares of the company’s stock valued at $31,522,000 after buying an additional 72,677 shares during the last quarter. Edgestream Partners L.P. boosted its position in shares of Resideo Technologies by 4.8% during the first quarter. Edgestream Partners L.P. now owns 155,438 shares of the company’s stock worth $5,240,000 after buying an additional 7,176 shares during the period. Amundi lifted its position in shares of Resideo Technologies by 5.7% in the first quarter. Amundi now owns 89,997 shares of the company’s stock worth $3,034,000 after purchasing an additional 4,856 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of Resideo Technologies by 22.3% in the 1st quarter. California State Teachers Retirement System now owns 155,587 shares of the company’s stock valued at $5,245,000 after acquiring an additional 28,327 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Resideo Technologies by 2.1% during the first quarter. The Manufacturers Life Insurance Company now owns 64,112 shares of the company’s stock valued at $2,161,000 after purchasing an additional 1,326 shares during the last quarter. Institutional investors own 91.71% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have issued reports on REZI. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research report on Friday, July 17th. Zacks Research downgraded shares of Resideo Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 9th. Seaport Research Partners initiated coverage on shares of Resideo Technologies in a research note on Wednesday, July 1st. They issued a “buy” rating and a $55.00 price target on the stock. Finally, Morgan Stanley cut their target price on shares of Resideo Technologies from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Two analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $46.50.
Resideo Technologies Stock Up 5.4%
Shares of NYSE:REZI opened at $36.16 on Tuesday. The business’s 50 day simple moving average is $32.52 and its two-hundred day simple moving average is $34.71. Resideo Technologies, Inc. has a 52-week low of $25.10 and a 52-week high of $45.29. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.19 and a current ratio of 2.07. The firm has a market cap of $5.48 billion, a P/E ratio of -9.42 and a beta of 1.63.
Resideo Technologies (NYSE:REZI – Get Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.04. The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Resideo Technologies had a negative net margin of 6.71% and a positive return on equity of 16.70%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 EPS. 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, research analysts forecast that Resideo Technologies, Inc. will post 2.81 EPS for the current fiscal year.
Resideo Technologies 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.
Featured Articles
- Five stocks we like better than Resideo Technologies
- SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control
- Why Rare Earth Processing Could Be the Real 2027 Opportunity
- The S&P 493 Are Staging a Comeback—This Value ETF Offers Broad Exposure
- TSMC Insiders Are Buying the Pullback—But Is the Signal as Bullish as It Looks?
Receive News & Ratings for Resideo Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resideo Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
