Weiss Ratings Reaffirms “Sell (D+)” Rating for Resideo Technologies (NYSE:REZI)

Resideo Technologies (NYSE:REZI)‘s stock had its “sell (d+)” rating reaffirmed by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other brokerages also recently weighed in on REZI. Zacks Research upgraded Resideo Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. Morgan Stanley raised shares of Resideo Technologies from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $24.00 to $35.00 in a research report on Tuesday, August 12th. Finally, Oppenheimer raised their price target on shares of Resideo Technologies from $35.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.67.

Resideo Technologies Stock Performance

NYSE REZI opened at $42.12 on Wednesday. The company has a market capitalization of $6.27 billion, a price-to-earnings ratio of -7.71 and a beta of 2.23. Resideo Technologies has a twelve month low of $14.18 and a twelve month high of $43.96. The stock has a fifty day simple moving average of $35.92 and a 200 day simple moving average of $25.63. The company has a quick ratio of 0.63, a current ratio of 1.00 and a debt-to-equity ratio of 0.93.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.12. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.83 billion. Resideo Technologies had a positive return on equity of 12.55% and a negative net margin of 10.52%.Resideo Technologies’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 earnings per share. Resideo Technologies has set its FY 2025 guidance at 2.750-2.870 EPS. Q3 2025 guidance at 0.700-0.760 EPS. Sell-side analysts expect that Resideo Technologies will post 2.13 EPS for the current year.

Insider Transactions at Resideo Technologies

In other Resideo Technologies news, Director Andrew C. Teich acquired 29,460 shares of Resideo Technologies stock in a transaction that occurred on Friday, August 29th. The stock was acquired at an average cost of $34.01 per share, for a total transaction of $1,001,934.60. Following the purchase, the director owned 332,472 shares of the company’s stock, valued at approximately $11,307,372.72. This represents a 9.72% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nina Richardson sold 3,333 shares of Resideo Technologies stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $34.55, for a total transaction of $115,155.15. Following the completion of the transaction, the director owned 60,675 shares of the company’s stock, valued at $2,096,321.25. This represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders purchased 7,545,693 shares of company stock worth $194,098,517 and sold 133,231 shares worth $4,025,742. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Assenagon Asset Management S.A. grew its stake in Resideo Technologies by 7.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 54,678 shares of the company’s stock valued at $2,361,000 after buying an additional 3,885 shares in the last quarter. Nilsine Partners LLC grew its stake in Resideo Technologies by 16.4% in the 3rd quarter. Nilsine Partners LLC now owns 19,933 shares of the company’s stock valued at $861,000 after buying an additional 2,815 shares in the last quarter. Praxis Investment Management Inc. purchased a new position in Resideo Technologies in the 3rd quarter valued at approximately $377,000. Corient Private Wealth LLC grew its stake in Resideo Technologies by 28.6% in the 2nd quarter. Corient Private Wealth LLC now owns 17,604 shares of the company’s stock valued at $388,000 after buying an additional 3,912 shares in the last quarter. Finally, Texas Permanent School Fund Corp grew its stake in Resideo Technologies by 1.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 147,083 shares of the company’s stock valued at $3,245,000 after buying an additional 2,291 shares in the last quarter. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

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.