Resideo Technologies (NYSE:REZI) Coverage Initiated by Analysts at Seaport Research Partners

Research analysts at Seaport Research Partners began coverage on shares of Resideo Technologies (NYSE:REZI) in a research note issued to investors on Wednesday. The brokerage set a “buy” rating on the stock.

Other research analysts have also issued reports about the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Tuesday, April 21st. Oppenheimer reaffirmed an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $49.00.

Resideo Technologies Price Performance

REZI stock opened at $31.10 on Wednesday. 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 cap of $4.71 billion, a PE ratio of -8.10 and a beta of 1.64. Resideo Technologies has a 1 year low of $21.81 and a 1 year high of $45.29. The stock has a 50-day moving average price of $33.31 and a two-hundred day moving average price of $35.00.

Resideo Technologies (NYSE:REZI) last posted 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. 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 for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the company earned $0.63 earnings per share. The firm’s revenue was up 8.0% compared to the same quarter last year. 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. Equities analysts forecast that Resideo Technologies will post 2.63 EPS for the current fiscal year.

Institutional Investors Weigh In On Resideo Technologies

Several institutional investors and hedge funds have recently made changes to their positions in REZI. Royal Bank of Canada increased its position in shares of Resideo Technologies by 50.0% during the first quarter. Royal Bank of Canada now owns 49,395 shares of the company’s stock worth $873,000 after buying an additional 16,467 shares during the period. AQR Capital Management LLC increased its stake in Resideo Technologies by 58.9% during the 1st quarter. AQR Capital Management LLC now owns 122,734 shares of the company’s stock valued at $2,172,000 after purchasing an additional 45,517 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 worth $2,233,000 after acquiring an additional 9,106 shares during the last quarter. Millennium Management LLC raised its stake in shares of Resideo Technologies by 1,123.6% in the first quarter. Millennium Management LLC now owns 263,821 shares of the company’s stock worth $4,670,000 after purchasing an additional 242,260 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position 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 buying an additional 26,254 shares during the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

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.