Resideo Technologies, Inc. (NYSE:REZI) Receives Average Recommendation of “Hold” from Analysts

Shares of Resideo Technologies, Inc. (NYSE:REZIGet Free Report) have earned an average recommendation of “Hold” from the four analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $46.50.

REZI has been the subject of several research analyst reports. Seaport Research Partners began coverage on Resideo Technologies in a research report on Wednesday, July 1st. They issued a “buy” rating and a $55.00 price objective for the company. Zacks Research cut Resideo Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Friday, July 17th. Finally, Morgan Stanley reduced their price target 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.

View Our Latest Stock Analysis on Resideo Technologies

Hedge Funds Weigh In On Resideo Technologies

A number of institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC acquired a new position in shares of Resideo Technologies during the fourth quarter worth approximately $25,000. Danske Bank A S increased its holdings in shares of Resideo Technologies by 600.0% in the fourth quarter. Danske Bank A S now owns 700 shares of the company’s stock valued at $25,000 after purchasing an additional 600 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Resideo Technologies by 283.8% in the third quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock valued at $25,000 after purchasing an additional 420 shares in the last quarter. McMillan Office Inc. acquired a new stake in shares of Resideo Technologies in the fourth quarter valued at approximately $33,000. Finally, Kestra Advisory Services LLC bought a new position in Resideo Technologies in the 4th quarter worth approximately $34,000. 91.71% of the stock is owned by institutional investors.

Resideo Technologies Price Performance

Shares of Resideo Technologies stock opened at $34.57 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.19 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of -9.00 and a beta of 1.64. Resideo Technologies has a 1-year low of $24.15 and a 1-year high of $45.29. The firm’s 50-day moving average price is $31.68 and its two-hundred day moving average price is $34.77.

Resideo Technologies (NYSE:REZIGet Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.65 earnings per share 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 company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the business posted $0.63 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. 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. On average, equities analysts predict that Resideo Technologies will post 2.81 earnings per share for the current fiscal year.

About Resideo Technologies

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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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