Pembroke Management LTD Buys 308,940 Shares of Resideo Technologies, Inc. $REZI

Pembroke Management LTD lifted its stake in Resideo Technologies, Inc. (NYSE:REZI) by 26.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,470,131 shares of the company’s stock after purchasing an additional 308,940 shares during the period. Resideo Technologies accounts for 6.3% of Pembroke Management LTD’s portfolio, making the stock its largest position. Pembroke Management LTD’s holdings in Resideo Technologies were worth $63,480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Clayton Dubilier & Rice LLC bought a new position in Resideo Technologies in the 2nd quarter valued at $127,290,000. Norges Bank bought a new stake in shares of Resideo Technologies during the second quarter worth $40,374,000. Ophir Asset Management Pty Ltd acquired a new position in shares of Resideo Technologies during the second quarter valued at $35,419,000. Swedbank AB bought a new position in Resideo Technologies in the third quarter valued at about $45,760,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Resideo Technologies in the second quarter worth about $9,314,000. Institutional investors own 91.71% of the company’s stock.

Wall Street Analyst Weigh In

REZI has been the topic of a number of research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Resideo Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Oppenheimer raised their price objective 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. Finally, Zacks Research cut shares of Resideo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $34.67.

Insider Activity

In other Resideo Technologies news, Director Andrew C. Teich bought 8,149 shares of Resideo Technologies stock in a transaction on Monday, November 10th. The shares were purchased at an average cost of $30.68 per share, for a total transaction of $250,011.32. Following the completion of the acquisition, the director owned 340,621 shares in the company, valued at approximately $10,450,252.28. The trade was a 2.45% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Channel Holdings Ii L.P. Cd&R purchased 566,758 shares of the stock in a transaction on Thursday, November 13th. The stock was acquired at an average price of $31.82 per share, with a total value of $18,034,239.56. Following the completion of the acquisition, the insider directly owned 14,960,492 shares of the company’s stock, valued at approximately $476,042,855.44. This represents a 3.94% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 1,697,907 shares of company stock worth $53,222,621. Corporate insiders own 1.50% of the company’s stock.

Resideo Technologies Stock Down 0.2%

Resideo Technologies stock opened at $37.92 on Friday. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of -8.10 and a beta of 1.71. The company’s 50 day simple moving average is $34.27 and its 200 day simple moving average is $34.27. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.88 and a quick ratio of 1.07. Resideo Technologies, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $45.29.

Resideo Technologies (NYSE:REZI) last issued its 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. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. Resideo Technologies had a negative net margin of 8.85% and a positive return on equity of 14.96%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.58 earnings per share. Resideo Technologies has set its FY 2025 guidance at 2.570-2.670 EPS and its Q4 2025 guidance at 0.420-0.520 EPS. As a group, sell-side analysts anticipate that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

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.