Resideo Technologies, Inc. (NYSE:REZI) Given Average Recommendation of “Hold” by Brokerages

Shares of Resideo Technologies, Inc. (NYSE:REZI) have received a consensus rating of “Hold” from the four research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $49.00.

Several research firms recently weighed in on REZI. Morgan Stanley lifted their price target on Resideo Technologies from $42.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Oppenheimer reissued an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st.

Resideo Technologies Stock Up 1.3%

REZI stock opened at $31.06 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 2.07 and a debt-to-equity ratio of 1.30. The business has a 50 day moving average price of $35.36 and a two-hundred day moving average price of $35.18. The company has a market cap of $4.70 billion, a price-to-earnings ratio of -8.09 and a beta of 1.64. Resideo Technologies has a twelve month low of $20.41 and a twelve month high of $45.29.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Resideo Technologies had a positive return on equity of 16.70% and a negative net margin of 6.71%.The business’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the firm posted $0.63 earnings per share. 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. Analysts anticipate that Resideo Technologies will post 2.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Resideo Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in REZI. Royal Bank of Canada raised its holdings in Resideo Technologies by 50.0% in the 1st quarter. Royal Bank of Canada now owns 49,395 shares of the company’s stock valued at $873,000 after acquiring an additional 16,467 shares in the last quarter. AQR Capital Management LLC raised its holdings in Resideo Technologies by 58.9% in the 1st quarter. AQR Capital Management LLC now owns 122,734 shares of the company’s stock valued at $2,172,000 after acquiring an additional 45,517 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Resideo Technologies by 7.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 126,161 shares of the company’s stock valued at $2,233,000 after acquiring an additional 9,106 shares in the last quarter. Millennium Management LLC raised its holdings in Resideo Technologies by 1,123.6% in the 1st quarter. Millennium Management LLC now owns 263,821 shares of the company’s stock valued at $4,670,000 after acquiring an additional 242,260 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Resideo Technologies by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 439,149 shares of the company’s stock valued at $7,773,000 after acquiring an additional 26,254 shares in the last quarter. 91.71% of the stock is owned by institutional investors and hedge funds.

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.