LSV Asset Management Buys Shares of 8,700 Resideo Technologies, Inc. $REZI

LSV Asset Management purchased a new position in Resideo Technologies, Inc. (NYSE:REZI) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,700 shares of the company’s stock, valued at approximately $192,000.

Several other hedge funds and other institutional investors have also modified their holdings of REZI. Intech Investment Management LLC raised its holdings in shares of Resideo Technologies by 26.3% during the 1st quarter. Intech Investment Management LLC now owns 156,847 shares of the company’s stock valued at $2,776,000 after purchasing an additional 32,672 shares in the last quarter. Petrus Trust Company LTA bought a new stake in Resideo Technologies in the first quarter worth $240,000. Clayton Dubilier & Rice LLC acquired a new position in Resideo Technologies during the second quarter worth $127,290,000. CSM Advisors LLC bought a new position in Resideo Technologies during the second quarter valued at about $3,819,000. Finally, Natixis Advisors LLC lifted its position in shares of Resideo Technologies by 2.6% in the first quarter. Natixis Advisors LLC now owns 227,759 shares of the company’s stock worth $4,031,000 after buying an additional 5,674 shares during the last quarter. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

REZI has been the topic of a number of analyst reports. Morgan Stanley raised Resideo Technologies from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $24.00 to $35.00 in a report on Tuesday, August 12th. Zacks Research cut Resideo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Wall Street Zen lowered shares of Resideo Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Wednesday, October 8th. Finally, Oppenheimer raised their target price on shares of Resideo Technologies from $35.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, September 19th. 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $34.67.

Resideo Technologies Price Performance

Shares of Resideo Technologies stock opened at $29.79 on Friday. 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 company has a market cap of $4.46 billion, a PE ratio of -6.37 and a beta of 2.22. The firm has a fifty day moving average price of $39.21 and a two-hundred day moving average price of $30.28. Resideo Technologies, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $45.29.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the business earned $0.58 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. Resideo Technologies has set its FY 2025 guidance at 2.570-2.670 EPS. Q4 2025 guidance at 0.420-0.520 EPS. Analysts expect that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

Insiders Place Their Bets

In other news, Director Nina Richardson sold 3,333 shares of Resideo Technologies stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $34.55, for a total transaction of $115,155.15. Following the sale, the director owned 60,675 shares of the company’s stock, valued at approximately $2,096,321.25. This trade represents a 5.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew C. Teich acquired 8,149 shares of the stock in a transaction dated Monday, November 10th. The shares were purchased at an average price of $30.68 per share, for a total transaction of $250,011.32. Following the completion of the transaction, the director owned 340,621 shares of the company’s stock, valued at $10,450,252.28. This trade represents a 2.45% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders bought 2,148,267 shares of company stock worth $68,368,967. 1.50% of the stock is currently owned by company insiders.

Resideo Technologies Company Profile

Resideo Technologies, Inc develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution.