Fisher Asset Management LLC Sells 18,197 Shares of Resideo Technologies, Inc. $REZI

Fisher Asset Management LLC lowered its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,072,331 shares of the company’s stock after selling 18,197 shares during the quarter. Fisher Asset Management LLC’s holdings in Resideo Technologies were worth $37,660,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of REZI. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Resideo Technologies by 274.7% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 83,892 shares of the company’s stock worth $3,622,000 after acquiring an additional 61,504 shares during the last quarter. Clayton Dubilier & Rice LLC boosted its holdings in Resideo Technologies by 130.3% during the 3rd quarter. Clayton Dubilier & Rice LLC now owns 13,286,384 shares of the company’s stock worth $573,706,000 after acquiring an additional 7,516,233 shares during the last quarter. Alpha Wave Global LP purchased a new position in Resideo Technologies during the 3rd quarter worth $8,811,000. Hudson Bay Capital Management LP purchased a new position in Resideo Technologies during the 3rd quarter worth $3,022,000. Finally, JPMorgan Chase & Co. boosted its holdings in Resideo Technologies by 17.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,177,769 shares of the company’s stock worth $50,856,000 after acquiring an additional 177,403 shares during the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on REZI. Morgan Stanley lifted their price objective 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. Weiss Ratings reissued a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st. Finally, Oppenheimer reissued an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Resideo Technologies currently has a consensus rating of “Hold” and a consensus price target of $39.67.

Resideo Technologies Price Performance

Shares of NYSE:REZI opened at $29.89 on Wednesday. The company’s 50-day moving average is $35.60 and its 200 day moving average is $35.18. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.19 and a current ratio of 2.07. The company has a market capitalization of $4.53 billion, a P/E ratio of -7.78 and a beta of 1.75. Resideo Technologies, Inc. has a fifty-two week low of $20.06 and a fifty-two week high of $45.29.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share for the quarter, topping 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 firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $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. On average, equities research analysts forecast that Resideo Technologies, Inc. will post 2.63 earnings per share for the current year.

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.