Resideo Technologies, Inc. $REZI Shares Sold by Boston Partners

Boston Partners cut its holdings in shares of Resideo Technologies, Inc. (NYSE:REZI) by 14.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,468,323 shares of the company’s stock after selling 1,486,096 shares during the quarter. Boston Partners owned about 5.70% of Resideo Technologies worth $186,991,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. IFP Advisors Inc increased its stake in shares of 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 acquiring an additional 2,416 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Resideo Technologies during the first quarter worth about $65,000. GAMMA Investing LLC raised its stake in Resideo Technologies by 74.5% during the second quarter. GAMMA Investing LLC now owns 5,393 shares of the company’s stock worth $119,000 after purchasing an additional 2,302 shares during the period. Blue Trust Inc. boosted its holdings in Resideo Technologies by 113.0% in the 2nd quarter. Blue Trust Inc. now owns 6,101 shares of the company’s stock valued at $135,000 after purchasing an additional 3,237 shares during the last quarter. Finally, CWM LLC boosted its holdings in Resideo Technologies by 132.7% in the 2nd quarter. CWM LLC now owns 6,963 shares of the company’s stock valued at $154,000 after purchasing 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 Stock Down 1.1%

Shares of NYSE REZI opened at $30.28 on Wednesday. Resideo Technologies, Inc. has a 12-month low of $14.18 and a 12-month high of $45.29. The stock has a market cap of $4.53 billion, a P/E ratio of -6.47 and a beta of 2.22. The company has a current ratio of 1.88, a quick ratio of 1.07 and a debt-to-equity ratio of 1.38. The business’s fifty day simple moving average is $40.10 and its 200-day simple moving average is $29.71.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates 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 company’s quarterly 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. As a group, equities analysts predict that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Channel Holdings Ii L.P. Cd&R bought 339,863 shares of Resideo Technologies stock in a transaction dated Friday, August 15th. The stock was acquired at an average cost of $31.42 per share, with a total value of $10,678,495.46. Following the acquisition, the insider owned 12,021,567 shares of the company’s stock, valued at approximately $377,717,635.14. This trade represents a 2.91% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Andrew C. Teich acquired 29,460 shares of Resideo Technologies stock in a transaction on Friday, August 29th. The stock was purchased at an average price of $34.01 per share, with a total value of $1,001,934.60. Following the purchase, the director owned 332,472 shares of the company’s stock, valued at $11,307,372.72. The trade was a 9.72% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 1,821,651 shares of company stock valued at $58,897,065 over the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wall Street Zen lowered Resideo Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a report on Wednesday, October 8th. Morgan Stanley raised shares of Resideo Technologies from an “equal weight” rating to an “overweight” rating and increased their target price 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 report on Friday, September 19th. Finally, Zacks Research upgraded shares of Resideo Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.67.

Resideo Technologies 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.