Resideo Technologies (NYSE:REZI) Shares Gap Down – Time to Sell?

Resideo Technologies, Inc. (NYSE:REZI) gapped down before the market opened on Wednesday . The stock had previously closed at $36.68, but opened at $31.77. Resideo Technologies shares last traded at $31.7030, with a volume of 620,971 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Morgan Stanley boosted their target price on Resideo Technologies from $42.00 to $50.00 and gave the stock an “overweight” rating in a research 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 restated an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Resideo Technologies currently has a consensus rating of “Hold” and an average price target of $39.67.

Resideo Technologies Trading Down 16.9%

The firm has a market cap of $4.62 billion, a price-to-earnings ratio of -7.58 and a beta of 1.75. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.14 and a current ratio of 1.91. The business has a fifty day moving average of $36.92 and a two-hundred day moving average of $36.18.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Resideo Technologies had a positive return on equity of 15.15% and a negative net margin of 7.27%.The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 EPS. 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, equities analysts expect that Resideo Technologies, Inc. will post 2.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Resideo Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Larson Financial Group LLC lifted its stake in Resideo Technologies by 283.8% in the 3rd quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock valued at $25,000 after buying an additional 420 shares in the last quarter. ORG Partners LLC lifted its stake in Resideo Technologies by 588.2% in the 3rd quarter. ORG Partners LLC now owns 585 shares of the company’s stock valued at $25,000 after buying an additional 500 shares in the last quarter. Cullen Frost Bankers Inc. lifted its stake in Resideo Technologies by 1,778.8% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 620 shares of the company’s stock valued at $27,000 after buying an additional 587 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in Resideo Technologies in the 4th quarter valued at approximately $25,000. Finally, Danske Bank A S lifted its stake in Resideo Technologies by 600.0% in the 4th quarter. Danske Bank A S now owns 700 shares of the company’s stock valued at $25,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

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.