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

Shares of Resideo Technologies, Inc. (NYSE:REZI) have been given an average rating of “Hold” by the four ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $49.00.

REZI has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a research note on Tuesday, April 21st. Oppenheimer restated an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Finally, Seaport Research Partners initiated coverage on shares of Resideo Technologies in a report on Wednesday. They set a “buy” rating and a $55.00 price objective on the stock.

Resideo Technologies Price Performance

Shares of Resideo Technologies stock traded up $0.81 during mid-day trading on Wednesday, reaching $31.91. 79,091 shares of the stock were exchanged, compared to its average volume of 1,342,386. The company has a market cap of $4.83 billion, a price-to-earnings ratio of -8.31 and a beta of 1.64. Resideo Technologies has a fifty-two week low of $22.93 and a fifty-two week high of $45.29. 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 firm has a 50-day simple moving average of $33.31 and a 200 day simple moving average of $35.00.

Resideo Technologies (NYSE:REZI) last announced its earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. Resideo Technologies had a positive return on equity of 16.70% and a negative net margin of 6.71%.The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the company posted $0.63 earnings per share. The firm’s quarterly 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. On average, sell-side analysts predict that Resideo Technologies will post 2.63 EPS for the current fiscal year.

Institutional Investors Weigh In On Resideo Technologies

Large investors have recently made changes to their positions in the stock. Glenmede Trust Co. NA raised its holdings in shares of Resideo Technologies by 17.4% in the 1st quarter. Glenmede Trust Co. NA now owns 8,893 shares of the company’s stock valued at $300,000 after purchasing an additional 1,321 shares during the period. Segall Bryant & Hamill LLC grew its holdings in Resideo Technologies by 11.8% during the first quarter. Segall Bryant & Hamill LLC now owns 154,156 shares of the company’s stock worth $5,197,000 after purchasing an additional 16,226 shares during the period. Bank of America Corp DE increased its position in Resideo Technologies by 8.4% during the first quarter. Bank of America Corp DE now owns 935,107 shares of the company’s stock worth $31,522,000 after buying an additional 72,677 shares during the last quarter. Edgestream Partners L.P. increased its position in Resideo Technologies by 4.8% during the first quarter. Edgestream Partners L.P. now owns 155,438 shares of the company’s stock worth $5,240,000 after buying an additional 7,176 shares during the last quarter. Finally, Amundi raised its stake in Resideo Technologies by 5.7% in the first quarter. Amundi now owns 89,997 shares of the company’s stock valued at $3,034,000 after buying an additional 4,856 shares during the period. 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.