Resideo Technologies (NYSE:REZI) Trading Down 6.6% – Time to Sell?

Resideo Technologies, Inc. (NYSE:REZI)’s stock price was down 6.6% during mid-day trading on Monday . The company traded as low as $30.57 and last traded at $30.8260. Approximately 494,764 shares were traded during trading, a decline of 65% from the average daily volume of 1,396,304 shares. The stock had previously closed at $33.01.

Analysts Set New Price Targets

A number of research firms have commented on REZI. Wall Street Zen lowered Resideo Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Morgan Stanley raised Resideo Technologies from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $24.00 to $35.00 in a report on Tuesday, August 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research report on Wednesday, October 8th. Zacks Research downgraded Resideo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Oppenheimer increased their price objective on shares of Resideo Technologies from $35.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, September 19th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $34.67.

Resideo Technologies Stock Down 8.9%

The firm has a 50 day moving average of $39.93 and a two-hundred day moving average of $30.03. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of -6.43 and a beta of 2.22. The company has a quick ratio of 1.07, a current ratio of 1.88 and a debt-to-equity ratio of 1.38.

Resideo Technologies (NYSE:REZI) last issued its earnings results on Wednesday, November 5th. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.71 by $0.18. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. Resideo Technologies had a positive return on equity of 14.96% and a negative net margin of 8.85%.The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.58 earnings per share. Resideo Technologies has set its FY 2025 guidance at 2.570-2.670 EPS. Q4 2025 guidance at 0.420-0.520 EPS. As a group, sell-side analysts anticipate that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

Insider Transactions at Resideo Technologies

In related news, major shareholder Channel Holdings Ii L.P. Cd&R acquired 566,758 shares of the company’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 purchase, the insider directly owned 14,960,492 shares in the company, valued at approximately $476,042,855.44. This trade represents a 3.94% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have purchased 2,865,534 shares of company stock worth $91,448,127. 1.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. grew its position in Resideo Technologies by 16.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 121,583 shares of the company’s stock worth $2,152,000 after acquiring an additional 16,770 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Resideo Technologies by 67.8% during the first quarter. Victory Capital Management Inc. now owns 283,562 shares of the company’s stock valued at $5,019,000 after purchasing an additional 114,604 shares in the last quarter. Foundry Partners LLC grew its holdings in shares of Resideo Technologies by 43.3% during the first quarter. Foundry Partners LLC now owns 216,369 shares of the company’s stock worth $3,830,000 after purchasing an additional 65,332 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Resideo Technologies by 20,133.3% in the first quarter. IFP Advisors Inc now owns 2,428 shares of the company’s stock valued at $43,000 after buying an additional 2,416 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Resideo Technologies in the 1st quarter valued at approximately $309,000. 91.71% of the stock is currently owned by institutional investors.

About Resideo Technologies

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.