Jupiter Asset Management Ltd. Invests $8.51 Million in Resideo Technologies, Inc. $REZI

Jupiter Asset Management Ltd. bought a new position in Resideo Technologies, Inc. (NYSE:REZI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 242,385 shares of the company’s stock, valued at approximately $8,513,000. Jupiter Asset Management Ltd. owned about 0.16% of Resideo Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of REZI. Intech Investment Management LLC increased its position in Resideo Technologies by 22.0% during the fourth quarter. Intech Investment Management LLC now owns 115,155 shares of the company’s stock worth $4,044,000 after purchasing an additional 20,735 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Resideo Technologies by 47.2% in the 4th quarter. Hantz Financial Services Inc. now owns 54,705 shares of the company’s stock valued at $1,921,000 after purchasing an additional 17,533 shares during the last quarter. Clayton Dubilier & Rice LLC grew its stake in shares of Resideo Technologies by 12.7% during the 4th quarter. Clayton Dubilier & Rice LLC now owns 14,976,142 shares of the company’s stock valued at $525,962,000 after buying an additional 1,689,758 shares during the period. Swedbank AB grew its stake in shares of Resideo Technologies by 121.5% during the 4th quarter. Swedbank AB now owns 2,346,919 shares of the company’s stock valued at $82,424,000 after buying an additional 1,287,162 shares during the period. Finally, Global Retirement Partners LLC increased its holdings in shares of Resideo Technologies by 11,270.1% during the 4th quarter. Global Retirement Partners LLC now owns 7,618 shares of the company’s stock worth $268,000 after buying an additional 7,551 shares during the last quarter. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Resideo Technologies Price Performance

Resideo Technologies stock opened at $31.22 on Friday. The firm has a fifty day moving average of $35.42 and a 200-day moving average of $35.14. Resideo Technologies, Inc. has a 52-week low of $20.21 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 firm has a market capitalization of $4.73 billion, a P/E ratio of -8.13 and a beta of 1.75.

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on REZI shares. Oppenheimer reaffirmed an “outperform” rating on shares of Resideo Technologies in a research report on Friday, March 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Tuesday, April 21st. Finally, Morgan Stanley raised their price objective on Resideo Technologies from $42.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Two 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 MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $39.67.

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.