Resideo Technologies (NYSE:REZI) Stock Price Up 5.4% – What’s Next?

Resideo Technologies, Inc. (NYSE:REZI) rose 5.4% on Friday . The stock traded as high as $31.70 and last traded at $31.8650. Approximately 149,292 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 1,331,843 shares. The stock had previously closed at $30.23.

Analyst Upgrades and Downgrades

REZI has been the subject of a number of research reports. Morgan Stanley lifted their target price on Resideo Technologies from $42.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a research report on Tuesday, April 21st. Finally, Oppenheimer reiterated an “outperform” rating on shares of Resideo Technologies in a research report on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Resideo Technologies presently has a consensus rating of “Hold” and an average price target of $49.00.

Resideo Technologies Price Performance

The firm has a market capitalization of $4.88 billion, a PE ratio of -8.40 and a beta of 1.64. The stock has a 50-day moving average price of $35.13 and a 200 day moving average price of $35.15. The company has a quick ratio of 1.19, a current ratio of 2.07 and a debt-to-equity ratio of 1.30.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Resideo Technologies had a positive return on equity of 16.70% and a negative net margin of 6.71%.The business’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 earnings per share. 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. Equities analysts forecast that Resideo Technologies, Inc. will post 2.63 EPS for the current fiscal year.

Institutional Trading of Resideo Technologies

A number of institutional investors have recently made changes to their positions in REZI. Franklin Resources Inc. boosted its stake in shares of Resideo Technologies by 1,325.0% in the third quarter. Franklin Resources Inc. now owns 1,888,665 shares of the company’s stock worth $81,553,000 after acquiring an additional 1,756,131 shares during the last quarter. Clayton Dubilier & Rice LLC boosted its stake in shares of Resideo Technologies by 12.7% in the fourth quarter. Clayton Dubilier & Rice LLC now owns 14,976,142 shares of the company’s stock worth $525,962,000 after acquiring an additional 1,689,758 shares during the last quarter. Sachem Head Capital Management LP acquired a new stake in shares of Resideo Technologies in the fourth quarter worth approximately $57,070,000. Norges Bank acquired a new stake in shares of Resideo Technologies in the fourth quarter worth approximately $56,059,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Resideo Technologies by 365.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,966,157 shares of the company’s stock worth $84,899,000 after acquiring an additional 1,543,952 shares during the last quarter. 91.71% of the stock is owned by institutional investors and hedge funds.

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.