Resideo Technologies (NYSE:REZI) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research lowered shares of Resideo Technologies (NYSE:REZI) from a hold rating to a strong sell rating in a report issued on Thursday morning,Zacks.com reports.

Several other equities analysts also recently issued reports on the stock. Seaport Research Partners initiated coverage on shares of Resideo Technologies in a report on Wednesday, July 1st. They set a “buy” rating and a $55.00 price objective on the stock. Oppenheimer reissued an “outperform” rating on shares of Resideo Technologies in a research report on Friday, March 13th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $49.00.

Resideo Technologies Stock Up 9.1%

Shares of REZI traded up $2.83 during midday trading on Thursday, hitting $33.87. 3,202,480 shares of the company’s stock traded hands, compared to its average volume of 1,271,974. 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 stock has a market capitalization of $5.13 billion, a price-to-earnings ratio of -8.82 and a beta of 1.64. Resideo Technologies has a 1 year low of $22.93 and a 1 year high of $45.29. The firm’s fifty day moving average is $31.91 and its 200-day moving average is $34.78.

Resideo Technologies (NYSE:REZI) last announced its earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the business earned $0.63 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. 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. As a group, sell-side analysts anticipate that Resideo Technologies will post 2.81 earnings per share for the current year.

Institutional Investors Weigh In On Resideo Technologies

A number of large investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in Resideo Technologies by 10.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,126 shares of the company’s stock worth $111,000 after buying an additional 306 shares during the period. Vise Technologies Inc. lifted its stake in Resideo Technologies by 2.4% during the 4th quarter. Vise Technologies Inc. now owns 13,670 shares of the company’s stock valued at $480,000 after acquiring an additional 315 shares during the period. Farther Finance Advisors LLC lifted its stake in Resideo Technologies by 36.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,268 shares of the company’s stock valued at $45,000 after acquiring an additional 342 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of Resideo Technologies by 6.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 5,929 shares of the company’s stock valued at $208,000 after acquiring an additional 347 shares during the last quarter. Finally, Sage Rhino Capital LLC boosted its holdings in shares of Resideo Technologies by 6.6% in the 4th quarter. Sage Rhino Capital LLC now owns 6,589 shares of the company’s stock valued at $231,000 after acquiring an additional 409 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

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.