Pzena Investment Management LLC Trims Stock Position in Resideo Technologies, Inc. $REZI

Pzena Investment Management LLC trimmed its holdings in Resideo Technologies, Inc. (NYSE:REZI) by 37.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,372,625 shares of the company’s stock after selling 831,842 shares during the period. Pzena Investment Management LLC owned 0.92% of Resideo Technologies worth $48,207,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Resideo Technologies by 274.7% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 83,892 shares of the company’s stock valued at $3,622,000 after buying an additional 61,504 shares during the last quarter. Clayton Dubilier & Rice LLC raised its holdings in shares of Resideo Technologies by 130.3% in the third quarter. Clayton Dubilier & Rice LLC now owns 13,286,384 shares of the company’s stock valued at $573,706,000 after buying an additional 7,516,233 shares during the last quarter. Alpha Wave Global LP purchased a new stake in shares of Resideo Technologies in the third quarter valued at about $8,811,000. Hudson Bay Capital Management LP purchased a new stake in shares of Resideo Technologies in the third quarter valued at about $3,022,000. Finally, Fisher Asset Management LLC raised its holdings in shares of Resideo Technologies by 4.2% in the third quarter. Fisher Asset Management LLC now owns 1,090,528 shares of the company’s stock valued at $47,089,000 after buying an additional 44,206 shares during the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

Resideo Technologies Trading Up 0.3%

Shares of Resideo Technologies stock opened at $29.01 on Friday. Resideo Technologies, Inc. has a 52-week low of $19.65 and a 52-week high of $45.29. The company has a quick ratio of 1.19, a current ratio of 2.07 and a debt-to-equity ratio of 1.30. The company’s 50-day simple moving average is $35.88 and its 200-day simple moving average is $35.44. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of -7.55 and a beta of 1.75.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the business posted $0.63 earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. 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 research analysts anticipate that Resideo Technologies, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on REZI shares. Oppenheimer reiterated an “outperform” rating on shares of Resideo Technologies in a research note on Friday, March 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Tuesday, April 21st. Finally, Morgan Stanley boosted their price target on shares of Resideo Technologies from $42.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.67.

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.