Norges Bank Purchases New Position in Resideo Technologies, Inc. $REZI

Norges Bank purchased a new stake in Resideo Technologies, Inc. (NYSE:REZI) during the 4th quarter, Holdings Channel.com reports. The fund purchased 1,596,217 shares of the company’s stock, valued at approximately $56,059,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sound Income Strategies LLC purchased a new stake in shares of Resideo Technologies during the 4th quarter worth approximately $25,000. Danske Bank A S grew its position in shares of 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 during the last quarter. Larson Financial Group LLC raised its stake in Resideo Technologies by 283.8% during the 3rd quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock worth $25,000 after acquiring an additional 420 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Resideo Technologies during the 2nd quarter worth $34,000. Finally, Jones Financial Companies Lllp lifted its position in Resideo Technologies by 128.4% in the third quarter. Jones Financial Companies Lllp now owns 934 shares of the company’s stock valued at $39,000 after acquiring an additional 525 shares during the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

Resideo Technologies Stock Up 0.0%

Shares of NYSE:REZI opened at $31.22 on Monday. Resideo Technologies, Inc. has a 1-year low of $20.41 and a 1-year high of $45.29. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.07 and a quick ratio of 1.19. The stock has a market cap of $4.73 billion, a P/E ratio of -8.13 and a beta of 1.64. The firm has a fifty day moving average price of $35.04 and a 200 day moving average price of $35.15.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.65 EPS for the quarter, beating 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 company 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. Resideo Technologies’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. Sell-side analysts predict that Resideo Technologies, Inc. will post 2.63 EPS for the current year.

Wall Street Analysts Forecast Growth

REZI has been the topic of several research reports. 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. Weiss Ratings reissued a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st. Finally, Oppenheimer restated an “outperform” rating on shares of Resideo Technologies in a research note on Friday, March 13th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $49.00.

Resideo Technologies Company 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.