Dimensional Fund Advisors LP lifted its position in Resideo Technologies, Inc. (NYSE:REZI – Free Report) by 0.8% in the first quarter, HoldingsChannel.com reports. The firm owned 7,787,434 shares of the company’s stock after purchasing an additional 64,613 shares during the quarter. Dimensional Fund Advisors LP owned about 0.05% of Resideo Technologies worth $262,505,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its stake in shares of Resideo Technologies by 10.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,126 shares of the company’s stock valued at $111,000 after buying an additional 306 shares in the last quarter. Vise Technologies Inc. boosted its holdings in Resideo Technologies by 2.4% in the 4th quarter. Vise Technologies Inc. now owns 13,670 shares of the company’s stock worth $480,000 after buying an additional 315 shares during the period. Farther Finance Advisors LLC increased its stake in Resideo Technologies by 36.9% in the 4th quarter. Farther Finance Advisors LLC now owns 1,268 shares of the company’s stock worth $45,000 after buying an additional 342 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in Resideo Technologies by 6.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 5,929 shares of the company’s stock worth $208,000 after buying an additional 347 shares in the last quarter. Finally, Sage Rhino Capital LLC raised its holdings in Resideo Technologies by 6.6% during the fourth quarter. Sage Rhino Capital LLC now owns 6,589 shares of the company’s stock valued at $231,000 after acquiring an additional 409 shares during the period. 91.71% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on REZI shares. Zacks Research downgraded Resideo Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Seaport Research Partners assumed coverage on Resideo Technologies in a research report on Wednesday, July 1st. They set a “buy” rating and a $55.00 target price for the company. Morgan Stanley decreased their target price on Resideo Technologies from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Resideo Technologies in a report on Friday, July 17th. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Resideo Technologies has a consensus rating of “Hold” and a consensus target price of $46.50.
Resideo Technologies Stock Performance
REZI opened at $34.09 on Thursday. 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 stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of -8.88 and a beta of 1.64. The company has a fifty day moving average of $31.47 and a 200 day moving average of $34.78. Resideo Technologies, Inc. has a fifty-two week low of $24.15 and a fifty-two week high of $45.29.
Resideo Technologies (NYSE:REZI – Get Free Report) last announced 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. Resideo Technologies had a negative net margin of 6.71% and a positive return on equity of 16.70%. The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the company earned $0.63 EPS. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. 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, sell-side analysts forecast that Resideo Technologies, Inc. will post 2.81 earnings per share for the current fiscal 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.
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