Resideo Technologies (NYSE:REZI) Lowered to “Strong Sell” Rating by Zacks Research

Resideo Technologies (NYSE:REZI) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday,Zacks.com reports.

REZI has been the subject of a number of other research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a research note on Tuesday, April 21st. Seaport Research Partners started coverage on Resideo Technologies in a research report on Wednesday, July 1st. They issued a “buy” rating and a $55.00 price objective on the stock. Finally, Oppenheimer reaffirmed 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 and two have issued a Sell rating to the stock. According to MarketBeat.com, Resideo Technologies has a consensus rating of “Hold” and an average target price of $49.00.

Resideo Technologies Price Performance

Shares of NYSE:REZI opened at $33.87 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.07 and a quick ratio of 1.19. Resideo Technologies has a 1-year low of $22.93 and a 1-year high of $45.29. The company has a market capitalization of $5.13 billion, a P/E ratio of -8.82 and a beta of 1.64. The firm’s 50 day simple moving average is $31.91 and its two-hundred day simple moving average is $34.78.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings data 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. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Resideo Technologies had a negative net margin of 6.71% and a positive return on equity of 16.70%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 earnings per share. 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. Research analysts expect that Resideo Technologies will post 2.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Resideo Technologies

Several institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its holdings in shares of Resideo Technologies by 10.9% during the 4th 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 last quarter. Vise Technologies Inc. lifted its position in shares of Resideo Technologies by 2.4% in the fourth quarter. Vise Technologies Inc. now owns 13,670 shares of the company’s stock worth $480,000 after buying an additional 315 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Resideo Technologies by 36.9% during the fourth 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 boosted its stake in Resideo Technologies by 6.2% during the fourth 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 grew its holdings in 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 in the last quarter. 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.