Norges Bank Purchases Shares of 1,596,217 Resideo Technologies, Inc. $REZI

Norges Bank purchased a new stake in Resideo Technologies, Inc. (NYSE:REZI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,596,217 shares of the company’s stock, valued at approximately $56,059,000. Norges Bank owned 1.07% of Resideo Technologies as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Alpha Wave Global LP acquired a new position in Resideo Technologies in the 3rd quarter valued at about $8,811,000. Fisher Asset Management LLC lifted its position in shares of Resideo Technologies by 4.2% during the third quarter. Fisher Asset Management LLC now owns 1,090,528 shares of the company’s stock worth $47,089,000 after purchasing an additional 44,206 shares in the last quarter. Hudson Bay Capital Management LP purchased a new position in shares of Resideo Technologies in the third quarter valued at approximately $3,022,000. Swedbank AB grew its holdings in shares of Resideo Technologies by 121.5% in the fourth quarter. Swedbank AB now owns 2,346,919 shares of the company’s stock valued at $82,424,000 after purchasing an additional 1,287,162 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Resideo Technologies by 17.7% in the third quarter. JPMorgan Chase & Co. now owns 1,177,769 shares of the company’s stock valued at $50,856,000 after purchasing an additional 177,403 shares in the last quarter. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of Resideo Technologies from $42.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Oppenheimer reaffirmed an “outperform” rating on shares of Resideo Technologies in a research report on Friday, March 13th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Resideo Technologies currently has an average rating of “Hold” and a consensus target price of $49.00.

Resideo Technologies Stock Up 0.0%

Shares of Resideo Technologies stock opened at $31.22 on Monday. The company has a quick ratio of 1.19, a current ratio of 2.07 and a debt-to-equity ratio of 1.30. Resideo Technologies, Inc. has a 52-week low of $20.41 and a 52-week high of $45.29. The company has a market capitalization of $4.73 billion, a P/E ratio of -8.13 and a beta of 1.64. The company has a 50 day moving average of $35.04 and a 200 day moving average of $35.15.

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

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.