Federated Hermes Inc. Lowers Stake in Resideo Technologies, Inc. $REZI

Federated Hermes Inc. decreased its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 10.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 486,126 shares of the company’s stock after selling 55,206 shares during the quarter. Federated Hermes Inc.’s holdings in Resideo Technologies were worth $20,991,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of REZI. Russell Investments Group Ltd. grew its holdings in shares of Resideo Technologies by 108.3% during the second quarter. Russell Investments Group Ltd. now owns 140,886 shares of the company’s stock worth $3,108,000 after buying an additional 73,261 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Resideo Technologies by 274.7% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 83,892 shares of the company’s stock worth $3,622,000 after buying an additional 61,504 shares in the last quarter. Clayton Dubilier & Rice LLC acquired a new position in Resideo Technologies during the second quarter worth about $127,290,000. CSM Advisors LLC acquired a new position in Resideo Technologies during the second quarter worth about $3,819,000. Finally, Vise Technologies Inc. purchased a new stake in Resideo Technologies during the 2nd quarter valued at about $258,000. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Resideo Technologies Stock Performance

NYSE:REZI opened at $34.25 on Friday. The company’s 50-day moving average is $35.27 and its two-hundred day moving average is $35.07. Resideo Technologies, Inc. has a 1-year low of $14.18 and a 1-year high of $45.29. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.88 and a quick ratio of 1.07. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of -7.32 and a beta of 1.71.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.71 by $0.18. Resideo Technologies had a negative net margin of 8.85% and a positive return on equity of 14.96%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the company earned $0.58 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. Resideo Technologies has set its FY 2025 guidance at 2.570-2.670 EPS and its Q4 2025 guidance at 0.420-0.520 EPS. Analysts forecast that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

Insider Buying and Selling at Resideo Technologies

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R purchased 566,758 shares of the stock in a transaction dated Thursday, November 13th. The stock was acquired at an average cost of $31.82 per share, for a total transaction of $18,034,239.56. Following the acquisition, the insider owned 14,960,492 shares in the company, valued at $476,042,855.44. This trade represents a 3.94% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew C. Teich acquired 8,149 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were acquired at an average cost of $30.68 per share, with a total value of $250,011.32. Following the completion of the transaction, the director directly owned 340,621 shares in the company, valued at approximately $10,450,252.28. The trade was a 2.45% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders bought 1,697,907 shares of company stock worth $53,222,621. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on REZI shares. Zacks Research lowered shares of Resideo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research report on Thursday, January 22nd. Finally, Wall Street Zen downgraded Resideo Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $34.67.

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.