Resideo Technologies (NYSE:REZI) Stock Price Up 5.9% – Should You Buy?

Resideo Technologies, Inc. (NYSE:REZI) shares shot up 5.9% during mid-day trading on Friday . The stock traded as high as $32.72 and last traded at $32.8650. 780,071 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 1,345,569 shares. The stock had previously closed at $31.04.

Analyst Upgrades and Downgrades

REZI has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Resideo Technologies in a research report on Tuesday, April 21st. Seaport Research Partners assumed coverage on shares of Resideo Technologies in a report on Wednesday, July 1st. They issued a “buy” rating and a $55.00 target price for the company. Finally, Oppenheimer reiterated an “outperform” rating on shares of Resideo Technologies in a research note on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $49.00.

Resideo Technologies Stock Performance

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 stock has a market capitalization of $5.05 billion, a P/E ratio of -8.70 and a beta of 1.64. The business has a fifty day moving average price of $32.03 and a 200-day moving average price of $34.79.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.61 by $0.04. Resideo Technologies had a positive return on equity of 16.70% and a negative net margin of 6.71%.The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the company earned $0.63 EPS. Resideo Technologies’s revenue for the quarter 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. On average, sell-side analysts expect that Resideo Technologies, Inc. will post 2.81 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its position in Resideo Technologies by 10.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,126 shares of the company’s stock valued at $111,000 after purchasing an additional 306 shares during the period. Vise Technologies Inc. grew its position in Resideo Technologies by 2.4% in the 4th quarter. Vise Technologies Inc. now owns 13,670 shares of the company’s stock worth $480,000 after purchasing an additional 315 shares during the period. Farther Finance Advisors LLC raised its stake in Resideo Technologies by 36.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,268 shares of the company’s stock valued at $45,000 after buying an additional 342 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in Resideo Technologies by 6.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 5,929 shares of the company’s stock valued at $208,000 after buying an additional 347 shares during the last quarter. Finally, Sage Rhino Capital LLC lifted its holdings in shares of Resideo Technologies by 6.6% during the 4th quarter. Sage Rhino Capital LLC now owns 6,589 shares of the company’s stock valued at $231,000 after buying an additional 409 shares during the period. 91.71% of the stock is owned by hedge funds and other institutional investors.

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.