Mitsubishi UFJ Trust & Banking Corp Cuts Stake in Resideo Technologies, Inc. $REZI

Mitsubishi UFJ Trust & Banking Corp lessened its stake in Resideo Technologies, Inc. (NYSE:REZI) by 74.8% during the third quarter, Holdings Channel reports. The firm owned 31,020 shares of the company’s stock after selling 92,104 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Resideo Technologies were worth $1,339,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in Resideo Technologies by 2.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,912 shares of the company’s stock valued at $455,000 after buying an additional 262 shares in the last quarter. CWM LLC boosted its stake in Resideo Technologies by 4.3% during the 3rd quarter. CWM LLC now owns 7,263 shares of the company’s stock valued at $314,000 after acquiring an additional 300 shares during the last quarter. Amalgamated Bank grew its stake in Resideo Technologies by 1.0% in the second quarter. Amalgamated Bank now owns 42,164 shares of the company’s stock worth $930,000 after purchasing an additional 415 shares in the last quarter. QRG Capital Management Inc. grew its position in shares of Resideo Technologies by 4.3% in the 2nd quarter. QRG Capital Management Inc. now owns 10,565 shares of the company’s stock worth $233,000 after acquiring an additional 437 shares in the last quarter. Finally, ORG Partners LLC boosted its holdings in Resideo Technologies by 588.2% in the third quarter. ORG Partners LLC now owns 585 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares during the period. 91.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

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

Resideo Technologies Price Performance

Shares of REZI opened at $34.25 on Friday. Resideo Technologies, Inc. has a fifty-two week low of $14.18 and a fifty-two week 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 company has a market capitalization of $5.13 billion, a price-to-earnings ratio of -7.32 and a beta of 1.71. The business’s 50-day moving average is $35.27 and its 200-day moving average is $35.16.

Resideo Technologies (NYSE:REZI) last posted 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. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Resideo Technologies had a negative net margin of 8.85% and a positive return on equity of 14.96%. Resideo Technologies’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.58 EPS. 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. Equities research analysts expect that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

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.