Intech Investment Management LLC Buys 20,735 Shares of Resideo Technologies, Inc. $REZI

Intech Investment Management LLC grew its stake in Resideo Technologies, Inc. (NYSE:REZI) by 22.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 115,155 shares of the company’s stock after acquiring an additional 20,735 shares during the period. Intech Investment Management LLC’s holdings in Resideo Technologies were worth $4,044,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Larson Financial Group LLC increased its stake in shares of Resideo Technologies by 283.8% in the 3rd quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock valued at $25,000 after acquiring an additional 420 shares during the last quarter. Sound Income Strategies LLC bought a new stake in Resideo Technologies during the 4th quarter worth approximately $25,000. Danske Bank A S increased its stake in Resideo Technologies by 600.0% during the 4th quarter. Danske Bank A S now owns 700 shares of the company’s stock worth $25,000 after purchasing an additional 600 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Resideo Technologies by 128.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 934 shares of the company’s stock worth $39,000 after purchasing an additional 525 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in Resideo Technologies during the 3rd quarter worth approximately $43,000. 91.71% of the stock is owned by institutional investors.

Resideo Technologies Trading Down 2.3%

NYSE:REZI opened at $30.55 on Tuesday. Resideo Technologies, Inc. has a twelve month low of $20.21 and a twelve month high of $45.29. 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 $4.63 billion, a P/E ratio of -7.96 and a beta of 1.75.

Resideo Technologies (NYSE:REZI) last released its earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the business earned $0.63 earnings per share. The firm’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. As a group, analysts expect that Resideo Technologies, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Oppenheimer reissued an “outperform” rating on shares of Resideo Technologies in a research note on Friday, March 13th. Morgan Stanley increased their target price on Resideo Technologies from $42.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Resideo Technologies in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Resideo Technologies currently has a consensus rating of “Hold” and a consensus target price of $39.67.

About Resideo Technologies

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.