SG Americas Securities LLC Acquires 55,535 Shares of Resideo Technologies, Inc. $REZI

SG Americas Securities LLC boosted its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 21.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 314,845 shares of the company’s stock after purchasing an additional 55,535 shares during the quarter. SG Americas Securities LLC owned 0.21% of Resideo Technologies worth $10,613,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Diversified Trust Co increased its holdings in shares of Resideo Technologies by 14.4% during the first quarter. Diversified Trust Co now owns 26,342 shares of the company’s stock worth $888,000 after purchasing an additional 3,316 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of Resideo Technologies by 209.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,889 shares of the company’s stock valued at $137,000 after buying an additional 2,632 shares during the period. Corient Private Wealth LLC grew its position in Resideo Technologies by 84.7% during the fourth quarter. Corient Private Wealth LLC now owns 32,605 shares of the company’s stock worth $1,145,000 after buying an additional 14,952 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in Resideo Technologies by 35.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,559 shares of the company’s stock worth $265,000 after buying an additional 1,975 shares in the last quarter. Finally, Vident Advisory LLC increased its stake in Resideo Technologies by 17.3% during the 4th quarter. Vident Advisory LLC now owns 7,228 shares of the company’s stock worth $254,000 after acquiring an additional 1,068 shares during the period. Institutional investors own 91.71% of the company’s stock.

Resideo Technologies Stock Performance

NYSE REZI opened at $30.98 on Friday. The firm’s 50 day simple moving average is $33.68 and its 200 day simple moving average is $35.04. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of -8.07 and a beta of 1.64. The company has a current ratio of 2.07, a quick ratio of 1.19 and a debt-to-equity ratio of 1.30. Resideo Technologies, Inc. has a 1 year low of $21.81 and a 1 year high of $45.29.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.61 by $0.04. Resideo Technologies had a negative net margin of 6.71% and a positive return on equity of 16.70%. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.87 billion. The company’s revenue was up 8.0% on a year-over-year basis. 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. As a group, research analysts expect that Resideo Technologies, Inc. will post 2.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on REZI shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st. Oppenheimer reaffirmed an “outperform” rating on shares of Resideo Technologies in a research note on Friday, March 13th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $49.00.

Resideo Technologies 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.