Clayton Dubilier & Rice LLC Has $573.71 Million Stake in Resideo Technologies, Inc. $REZI

Clayton Dubilier & Rice LLC boosted its position in Resideo Technologies, Inc. (NYSE:REZI) by 130.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 13,286,384 shares of the company’s stock after buying an additional 7,516,233 shares during the quarter. Resideo Technologies comprises 84.8% of Clayton Dubilier & Rice LLC’s investment portfolio, making the stock its largest holding. Clayton Dubilier & Rice LLC owned 0.09% of Resideo Technologies worth $573,706,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ORG Partners LLC boosted its stake in shares of Resideo Technologies by 588.2% in the 3rd quarter. ORG Partners LLC now owns 585 shares of the company’s stock valued at $25,000 after purchasing an additional 500 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in Resideo Technologies by 1,778.8% in the third quarter. Cullen Frost Bankers Inc. now owns 620 shares of the company’s stock valued at $27,000 after buying an additional 587 shares during the period. Headlands Technologies LLC bought a new position in Resideo Technologies in the second quarter valued at approximately $34,000. Salomon & Ludwin LLC grew its holdings in Resideo Technologies by 3,591.2% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,255 shares of the company’s stock worth $54,000 after acquiring an additional 1,221 shares during the period. Finally, IFP Advisors Inc raised its position in shares of Resideo Technologies by 37.6% during the 2nd quarter. IFP Advisors Inc now owns 3,341 shares of the company’s stock valued at $81,000 after acquiring an additional 913 shares during the last quarter. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on REZI shares. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research report on Thursday, January 22nd. Zacks Research cut Resideo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, Wall Street Zen lowered Resideo Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $34.67.

Insider Activity at Resideo Technologies

In related news, Director Andrew C. Teich purchased 8,149 shares of the business’s stock in a transaction on Monday, November 10th. The shares were purchased at an average price of $30.68 per share, with a total value of $250,011.32. Following the completion of the purchase, the director owned 340,621 shares in the company, valued at $10,450,252.28. This represents a 2.45% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Channel Holdings Ii L.P. Cd&R acquired 566,758 shares of the stock in a transaction dated Thursday, November 13th. The shares were bought at an average cost of $31.82 per share, with a total value of $18,034,239.56. Following the transaction, the insider directly owned 14,960,492 shares of the company’s stock, valued at $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. Insiders have acquired a total of 1,697,907 shares of company stock worth $53,222,621 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Resideo Technologies Stock Performance

REZI stock opened at $33.71 on Friday. Resideo Technologies, Inc. has a 1-year low of $14.18 and a 1-year high of $45.29. 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 firm has a market cap of $5.05 billion, a PE ratio of -7.20 and a beta of 1.71. The business’s 50-day moving average price is $35.18 and its two-hundred day moving average price is $35.00.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.18. Resideo Technologies had a positive return on equity of 14.96% and a negative net margin of 8.85%.The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the firm posted $0.58 earnings per share. Resideo Technologies’s 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 and its Q4 2025 guidance at 0.420-0.520 EPS. As a group, research analysts forecast that Resideo Technologies, Inc. will post 2.13 earnings per share 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.